Class of Business 4 - Pension Fund Benefits

Like all Class of Business training, this module provides you with an overview of the main role players in the financial services sector, as well as an understanding of the regulatory landscape that governs the financial services sector.  It also specifically builds your knowledge of the Pension Fund Benefits Class of Business. This knowledge is essential when assessing different product or benefit options and advising clients about retirement products.

What content is covered?

This module covers typical fee structures, charges and other cost-related risks associated with investing, purchasing or transacting with retirement products. You will also learn about the legislation that affects these products, as well as their tax implications. Once you have completed this course, you will be able to:

• understand the terminology and describe the features of retirement products.
• explain how the Pension Funds Act and circulars, the Income Tax Act, and the Long-Term Insurance Act impact retirement products.
• explain the legislative and tax consequences of specific sub-categories of retirement products.
• assess the appropriateness of specific retirement products and associated group risk benefit options for specific client needs.
• describe the options and strategies applicable to specific retirement products to suit the needs of different investors.
• describe the impact of applicable economic and environmental factors, such as economic business cycles, inflation, monetary and fiscal policies, interest rates and exchange rates.
• describe the typical fee structures, charges, and other costs associated with retirement products.
• describe the general risks associated with investing, purchasing or transacting in retirement products.

The knowledge taught in this module is essential for professionals in the retirement benefits industry, to enable them to assess investment options and provide advice to clients on retirement products.

What is involved?

You can register at any time. Once your registration is complete, you will be given access to Moonstone's learning management system, where you will be able to access the study guide material or download it as a series of PDFs. The content consists of comprehensive notes, including helpful charts and illustrations, all prepared by industry experts. The detailed examples ensure that you build practical knowledge and skills. The system will offer you regular quizzes to assist you in testing your knowledge, so that by the end of the module you will feel confident to pass the final assessment, which you will also do online on Moonstone's system. At that point, you will receive a digital certificate of completion to prove that you have achieved the class of business fit and proper requirement.

If you work for 45 minutes to an hour each day, you can expect one module to take you two or three weeks. Of course, this will vary based on experience and familiarity with the material. You will have access to the learning management system for six months from the date of registration.