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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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