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Foundations of Trust Management Standards (FTMS™)—Session Schedule, Speakers and Handouts

Session handouts were available to registered attendees from Wednesday, September 20 through Monday, November 27. Please contact edprog@ifebp.org if you have questions or need assistance.

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Monday, September 25

8:30 AM – 8:45 AM

FTMS01  Introduction

(#39—FTMS)

8:45 AM – 12:15 PM

FTMS02  Legal

Michael C.P. McCreary, LL.B. Instructor
Senior Partner
Watson Jacobs McCreary LLP
Toronto, ON

• 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, settlors and subsequent participating employers • Identify exemption clauses commonly included in fiduciary liability insurance policies (#39—FTMS)

1:00 PM – 4:15 PM

FTMS03  Administration

Lisa M. Watt, CEBS Instructor
Partner
Manion, Wilkins & Associates Ltd.
Toronto, ON

• 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 • Describe key considerations for selecting and managing service providers • Outline the benefits and challenges in self-administration and third-party administration • Outline typical administrative activities • Explain the importance of Trustee meetings and meeting protocol in their role as legal Administrator (#39—FTMS)