Download 2010 Annual Report with Finance Report - Australian ...
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LEARNING & PROFESSIONAL<br />
DEVELOPMENT<br />
AIST’s Certificate of Foundations in Trustee Governance<br />
continues to receive excellent feedback. This course<br />
provides a comprehensive overview for trustee directors,<br />
and contributes to meeting their fit & proper requirements.<br />
For participants who are interested in furthering their<br />
qualifications, AIST’s course is recognised by Victoria<br />
University as an elective unit of their MBA program, and<br />
forms part of the university’s Graduate Certificate in<br />
Superannuation Management.<br />
Rachel Gallagher, Learning & Professional<br />
Development Manager<br />
“Increased demand by clients for<br />
in-house training sessions saw AIST<br />
boost its RG146 training by 50 per cent”<br />
Having delivered more than 300 public and in-house<br />
training courses in <strong>2010</strong>, AIST has firmly established<br />
itself in the superannuation industry as the preferred<br />
provider of quality education for both trustee directors<br />
and fund staff.<br />
AIST training is for all superannuation professionals and<br />
in <strong>2010</strong> a wide cross section of industry participants<br />
attended the highly regarded training sessions. Feedback<br />
indicated that AIST’s training courses comprehensively<br />
met the needs of participants.<br />
TRUSTEE DIRECTOR EDUCATION<br />
AIST’s Trustee Toolkit, Trustee Twilight and Hot Topic<br />
training series have continued to be well received by<br />
trustee directors and other superannuation professionals.<br />
Topics covered in <strong>2010</strong> included: transition to retirement<br />
and ageing workforce considerations for employers;<br />
government review updates; the popular trustee refresher;<br />
superannuation fraud; group and trustee indemnity<br />
insurance; complex death benefits and the SCT; and<br />
investment fee research.<br />
In <strong>2010</strong> AIST launched the new Board Insights series in<br />
response to increasing demand for tailored board training.<br />
The Board Insights series consists of one-hour training<br />
sessions on a range of topical issues, which are designed<br />
to be delivered in-house at board meetings. These<br />
sessions have been highly successful and sought after,<br />
as boards can choose a relevant topic and a convenient<br />
time to meets their needs. This service has received<br />
excellent feedback from the funds who have participated.<br />
COMPLIANCE AND SUPERANNUATION<br />
TRAINING<br />
Increased demand by clients for in-house training<br />
sessions saw AIST boost its RG146 training by 50 per<br />
cent. Demand for RG146 Refresher training has also<br />
increased. Participants completing AIST’s RG146 course<br />
are halfway to a Diploma of Financial Services (Financial<br />
Planning) or to AIST’s Diploma of Financial Services<br />
(Superannuation).<br />
AIST continues to assist many funds nationally <strong>with</strong><br />
their ongoing licensing obligations through our wellestablished<br />
AFSL and RSE Compliance and Professional<br />
Development Program.<br />
The AFSL program includes induction training and<br />
testing so that representatives understand their regulatory<br />
obligations; an annual verbal skills assessment to<br />
identify any training needs that may exist; and quarterly<br />
half-day training sessions. There is now a choice of<br />
attending either the Professional Development sessions,<br />
designed for representatives who provide general advice,<br />
or the Quarterly Adviser workshops, a new initiative in<br />
<strong>2010</strong> designed for staff who provide personal advice.<br />
AIST has received extremely positive feedback on this<br />
new initiative. A panel of industry participants provides<br />
AIST <strong>with</strong> direction on suitable topics.<br />
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