default Foundations of Trust Management Standards (FTMS®) Conference begins in: IFEBPEdProg-Navbar Program Details Benefits of Attending Validate Your Learning FTMS Program Locations Instructors Continuing Education Additional Information Frequently Asked Questions Download Brochure November 2018 Program | Las Vegas July 2019 Program | Halifax November 2019 Program | San Francisco IFEBP > Education > Certificate Programs > Foundations of Trust Management Standards IFEBPEdProg-Introduction IFEBPEdProg-IntroLeft IFEBPEdProg-IntroRight Trustees play an important and significant role in addressing the health and retirement needs of plan members, and therefore need to be confident and competent in that role. In a continuous effort to fulfill our mission, the International Foundation has transformed the Foundations for Trustees program to offer a more strategic, coherent and integrated assessment-based educational path for trustees. IFEBPEdProg-TopicsAndAgendaValidate Your LearningThe International Foundation recognizes that new trustees, in particular, must quickly gain an understanding of the basic principles of trust fund management as well as an awareness of knowing where to find resources in order to make informed decisions. The assessment component offers trustees an opportunity to validate their learning. The introduction of FTMS® is the first step of a larger strategy to provide a cohesive, integrated educational path for trustees at all levels. IFEBPEdProg-Testimonial Educational Program Directors, Bryan Zoran and Justin Held, introduce Canadian Trustee Education with the FTMS and ATMS Programs. Training Paths IFEBPEdProg-WhoShouldAttendBenefits of AttendingFoundations of Trust Management Standards (FTMS®) is a 2½ day assessment-based certificate program that will address the basics of effective trust management through four key knowledge areas:Legal Define basic terms related to trusts. Explain the purpose and key elements of trust agreements. Describe key legislation and its implications for operation of trusts. Identify fiduciary obligations of trustees. Explain basic trustee duties. Explain examples of trustees who have found themselves in difficult situations/cases. Identify strategies to put in place to protect trustees, beneficiaries and settlors. Indicate considerations in trustee expense reimbursement. Administration Outline key functions required of trustees for effective management of trusts. Explain the significance of the Trust Act, trust agreement, collective agreement, participation agreement and benefit plan text for meeting fiduciary duty. Describe key service providers that support trustees in their role as legal administrator. Explain the importance of trustee meetings and meeting protocol. Outline typical administrative activities. Outline the benefits and challenges in self-administration and third-party administration. Describe key considerations for selecting and managing service providers and steps in the RFP process. Governance Understand how good governance supports trustees in the execution of their key functions. Define governance both as a noun and as a verb. Identify sources of governance guidelines and tools. Describe the evolution of governance guidelines. Explain basic principles of good governance and best practices. Describe the importance of good governance and how to apply best practice guidelines to trustee functions. Funding / Investment / Finance Describe the significance of funding policy for effective trust management. Explain the rationale for funding plans. List different types of funding and financing options. Identify factors that influence funding requirements. Describe the significance of investment policy for effective trust management. State key characteristics of bonds and stocks. Explain the importance of asset mix and diversification to investment decisions. List the steps in the investment process. Explain the roles of the actuary, investment manager and auditor. List the key questions to ask about investment strategy. Describe the significance of financial reporting and budgeting to effective trust management. Indicate sources and uses of income. Describe key financial reports and how they inform decision making. Those who attend the full 2½ days of classroom instruction and successfully complete the optional test will earn the FTMS Certificate of Achievement. IFEBPEdProg-SpeakersFTMS Program Dates and Locations Fairmont WinnipegJuly 19-21, 2018Winnipeg, ManitobaView Program Information The MirageNovember 16-18, 2018Las Vegas, NevadaView Program Information IFEBPEdProg-AddlInfo Continuing Education Educational sessions at this program can qualify for CEBS continuing professional education (CPE) credit.Visit www.cebscpe.org for more information. Connect with us IFEBPEdProg-ContinuingEd More InformationFor more information on this program, contact Brad Bauter at (262) 373-7727; or e-mail bradb@ifebp.org. Registration Information IFEBPEdProg-RegistrationDetails Registration Information Member Nonmember Body