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From: Skills for Africa Training Institute <workshops@skillsforafrica.or.ke>
Date: Thu, 02 Feb 2023 15:52:50 +0000
Subject: Risk-based Pension Funds Supervision And Effective Governance
 Training
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OR: aliceblue; LINE-HEIGHT: 115%'>06/02/2023<B>&nbsp;-</B>&nbsp;10/02/=
2023<o:p></o:p></SPAN></P></TD>
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f0; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6pt; PADDING-TOP: 6pt; PAD=
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OR: aliceblue; LINE-HEIGHT: 115%'>$1500<o:p></o:p></SPAN></P></TD>
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f0; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6pt; PADDING-TOP: 6pt; PAD=
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GHT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6pt; PADDING-TOP=
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OR: aliceblue; LINE-HEIGHT: 115%'>06/03/2023<B>&nbsp;-</B>&nbsp;10/03/=
2023<o:p></o:p></SPAN></P></TD>
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GHT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6pt; PADDING-TOP=
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OR: aliceblue; LINE-HEIGHT: 115%'>$1350<o:p></o:p></SPAN></P></TD>
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GHT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6pt; PADDING-TOP=
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GHT: #f0f0f0; WIDTH: 149.2pt; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: =
6pt; PADDING-TOP: 6pt; PADDING-LEFT: 6pt; BORDER-LEFT: #f0f0f0; PADDIN=
G-RIGHT: 6pt; BACKGROUND-COLOR: transparent; mso-border-top-alt: solid=
 #DDDDDD .75pt"=20
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OR: aliceblue; LINE-HEIGHT: 115%'><A=20
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ne; PADDING-LEFT: 0px; OUTLINE-COLOR: invert; PADDING-RIGHT: 0px; -web=
kit-font-smoothing: antialiased; border-radius: 0.2rem"=20
      href=3D"https://133IK.trk.elasticemail.com/tracking/click?d=3DWo=
apoy-pTrFhh792RHeJ9-Rt225YYsPmWjNWsqqrTtPjEpYBXwtg184sOjVYXHdJHuXYcXZC=
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><A=20
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ne; PADDING-LEFT: 0px; OUTLINE-COLOR: invert; PADDING-RIGHT: 0px; -web=
kit-font-smoothing: antialiased; border-radius: 0.2rem"=20
      href=3D"https://133IK.trk.elasticemail.com/tracking/click?d=3DWo=
apoy-pTrFhh792RHeJ9-Rt225YYsPmWjNWsqqrTtO7LehkSoYMhQDHzoCXfFrh0toW4NyD=
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HT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6pt; PADDING-TOP:=
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OR: aliceblue; LINE-HEIGHT: 115%'>03/04/2023<B>&nbsp;-</B>&nbsp;07/04/=
2023<o:p></o:p></SPAN></P></TD>
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HT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6pt; PADDING-TOP:=
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      style=3D'FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COL=
OR: aliceblue; LINE-HEIGHT: 115%'>$1350<o:p></o:p></SPAN></P></TD>
    <TD=20
    style=3D"BORDER-TOP: #dddddd 1pt solid; HEIGHT: 50.5pt; BORDER-RIG=
HT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6pt; PADDING-TOP:=
 6pt; PADDING-LEFT: 6pt; BORDER-LEFT: #f0f0f0; PADDING-RIGHT: 6pt; BAC=
KGROUND-COLOR: transparent; mso-border-top-alt: solid #DDDDDD .75pt"=20
    vAlign=3Dtop>
      <P class=3DMsoNormal style=3D"MARGIN: 0cm 0cm 10pt"><SPAN=20
      style=3D'FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COL=
OR: aliceblue; LINE-HEIGHT: 115%'>Nairobi<o:p></o:p></SPAN></P></TD>
    <TD=20
    style=3D"BORDER-TOP: #dddddd 1pt solid; HEIGHT: 50.5pt; BORDER-RIG=
HT: #f0f0f0; WIDTH: 149.2pt; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6=
pt; PADDING-TOP: 6pt; PADDING-LEFT: 6pt; BORDER-LEFT: #f0f0f0; PADDING=
-RIGHT: 6pt; BACKGROUND-COLOR: transparent; mso-border-top-alt: solid =
#DDDDDD .75pt"=20
    vAlign=3Dtop width=3D249>
      <P class=3DMsoNormal style=3D"MARGIN: 0cm 0cm 10pt"><SPAN=20
      style=3D'FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COL=
OR: aliceblue; LINE-HEIGHT: 115%'><A=20
      style=3D"OUTLINE-WIDTH: 0px; PADDING-TOP: 0px; OUTLINE-STYLE: no=
ne; PADDING-LEFT: 0px; OUTLINE-COLOR: invert; PADDING-RIGHT: 0px; -web=
kit-font-smoothing: antialiased; border-radius: 0.2rem"=20
      href=3D"https://133IK.trk.elasticemail.com/tracking/click?d=3DWo=
apoy-pTrFhh792RHeJ9-Rt225YYsPmWjNWsqqrTtPjEpYBXwtg184sOjVYXHdJGCahJscZ=
FznO0spTwBqVRDK546wKfMBRdQdGAu2lISKt_ymUFJEacLGLCtZqL6KGvUHO6HM0v18Tn5=
H2chbeq2loa25jS1qDcJ8QsPBJ5bjO0"><SPAN=20
      style=3D"BORDER-TOP: windowtext 1pt; BORDER-RIGHT: windowtext 1p=
t; BACKGROUND: #ffc107; BORDER-BOTTOM: windowtext 1pt; COLOR: #212529;=
 PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT=
: windowtext 1pt; PADDING-RIGHT: 0cm; mso-bidi-font-family: Arial; mso=
-border-alt: none windowtext 0cm"><FONT=20
      face=3D"Times New Roman">Physical Class</FONT></SPAN></A><BR><BR=
><A=20
      style=3D"OUTLINE-WIDTH: 0px; PADDING-TOP: 0px; OUTLINE-STYLE: no=
ne; PADDING-LEFT: 0px; OUTLINE-COLOR: invert; PADDING-RIGHT: 0px; -web=
kit-font-smoothing: antialiased; border-radius: 0.2rem"=20
      href=3D"https://133IK.trk.elasticemail.com/tracking/click?d=3DWo=
apoy-pTrFhh792RHeJ9-Rt225YYsPmWjNWsqqrTtO7LehkSoYMhQDHzoCXfFrhjDJqTbyN=
JpyqCSH8gD8Xb2JbVgcL4bjKNH1V_9T2hKRJRuZ4B9HNMP184NELEakVRG2FQHlu462f_e=
SR0olJaid7X5hkNQbjUhhIqsz1jo-W0"><SPAN=20
      style=3D"BORDER-TOP: windowtext 1pt; BORDER-RIGHT: windowtext 1p=
t; BACKGROUND: #dc3545; BORDER-BOTTOM: windowtext 1pt; COLOR: white; P=
ADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: =
windowtext 1pt; PADDING-RIGHT: 0cm; mso-bidi-font-family: Arial; mso-b=
order-alt: none windowtext 0cm"><FONT=20
      face=3D"Times New Roman">Online=20
    Class</FONT></SPAN></A><o:p></o:p></SPAN></P></TD></TR>
  <TR style=3D"HEIGHT: 49.95pt; mso-yfti-irow: 4">
    <TD=20
    style=3D"BORDER-TOP: #dddddd 1pt solid; HEIGHT: 49.95pt; BORDER-RI=
GHT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6pt; PADDING-TOP=
: 6pt; PADDING-LEFT: 6pt; BORDER-LEFT: #f0f0f0; PADDING-RIGHT: 6pt; BA=
CKGROUND-COLOR: transparent; mso-border-top-alt: solid #DDDDDD .75pt"=20
    vAlign=3Dtop>
      <P class=3DMsoNormal style=3D"MARGIN: 0cm 0cm 10pt"><SPAN=20
      style=3D'FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COL=
OR: aliceblue; LINE-HEIGHT: 115%'>01/05/2023<B>&nbsp;-</B>&nbsp;05/05/=
2023<o:p></o:p></SPAN></P></TD>
    <TD=20
    style=3D"BORDER-TOP: #dddddd 1pt solid; HEIGHT: 49.95pt; BORDER-RI=
GHT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6pt; PADDING-TOP=
: 6pt; PADDING-LEFT: 6pt; BORDER-LEFT: #f0f0f0; PADDING-RIGHT: 6pt; BA=
CKGROUND-COLOR: transparent; mso-border-top-alt: solid #DDDDDD .75pt"=20
    vAlign=3Dtop>
      <P class=3DMsoNormal style=3D"MARGIN: 0cm 0cm 10pt"><SPAN=20
      style=3D'FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COL=
OR: aliceblue; LINE-HEIGHT: 115%'>$3500<o:p></o:p></SPAN></P></TD>
    <TD=20
    style=3D"BORDER-TOP: #dddddd 1pt solid; HEIGHT: 49.95pt; BORDER-RI=
GHT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6pt; PADDING-TOP=
: 6pt; PADDING-LEFT: 6pt; BORDER-LEFT: #f0f0f0; PADDING-RIGHT: 6pt; BA=
CKGROUND-COLOR: transparent; mso-border-top-alt: solid #DDDDDD .75pt"=20
    vAlign=3Dtop>
      <P class=3DMsoNormal style=3D"MARGIN: 0cm 0cm 10pt"><SPAN=20
      style=3D'FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COL=
OR: aliceblue; LINE-HEIGHT: 115%'>Dubai<o:p></o:p></SPAN></P></TD>
    <TD=20
    style=3D"BORDER-TOP: #dddddd 1pt solid; HEIGHT: 49.95pt; BORDER-RI=
GHT: #f0f0f0; WIDTH: 149.2pt; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: =
6pt; PADDING-TOP: 6pt; PADDING-LEFT: 6pt; BORDER-LEFT: #f0f0f0; PADDIN=
G-RIGHT: 6pt; BACKGROUND-COLOR: transparent; mso-border-top-alt: solid=
 #DDDDDD .75pt"=20
    vAlign=3Dtop width=3D249>
      <P class=3DMsoNormal style=3D"MARGIN: 0cm 0cm 10pt"><SPAN=20
      style=3D'FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COL=
OR: aliceblue; LINE-HEIGHT: 115%'><A=20
      style=3D"OUTLINE-WIDTH: 0px; PADDING-TOP: 0px; OUTLINE-STYLE: no=
ne; PADDING-LEFT: 0px; OUTLINE-COLOR: invert; PADDING-RIGHT: 0px; -web=
kit-font-smoothing: antialiased; border-radius: 0.2rem"=20
      href=3D"https://133IK.trk.elasticemail.com/tracking/click?d=3DWo=
apoy-pTrFhh792RHeJ9-Rt225YYsPmWjNWsqqrTtPjEpYBXwtg184sOjVYXHdJlhV-dbAQ=
ijrSf-1NkTBGC7YRPyzc56ib8atCP8n5ZlhQqCtGSYK4mZE9_3odwDM0mmx_WJ_sd9SnTK=
yHR4aOVEqHiPNnHIjaGCwwWyiGXinO0"><SPAN=20
      style=3D"BORDER-TOP: windowtext 1pt; BORDER-RIGHT: windowtext 1p=
t; BACKGROUND: #ffc107; BORDER-BOTTOM: windowtext 1pt; COLOR: #212529;=
 PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT=
: windowtext 1pt; PADDING-RIGHT: 0cm; mso-bidi-font-family: Arial; mso=
-border-alt: none windowtext 0cm"><FONT=20
      face=3D"Times New Roman">Physical Class</FONT></SPAN></A><BR><BR=
><A=20
      style=3D"OUTLINE-WIDTH: 0px; PADDING-TOP: 0px; OUTLINE-STYLE: no=
ne; PADDING-LEFT: 0px; OUTLINE-COLOR: invert; PADDING-RIGHT: 0px; -web=
kit-font-smoothing: antialiased; border-radius: 0.2rem"=20
      href=3D"https://133IK.trk.elasticemail.com/tracking/click?d=3DWo=
apoy-pTrFhh792RHeJ9-Rt225YYsPmWjNWsqqrTtO7LehkSoYMhQDHzoCXfFrhhNSiIdR_=
e_OPt_dOdPdTgzj607fZNL3qr-sXZUQNURPOf9Nwrl0YvXZej7tLQBHif4VTuLmktut2q2=
Zj9eCVsDYkJd73xD39F3sdHvh48OG70"><SPAN=20
      style=3D"BORDER-TOP: windowtext 1pt; BORDER-RIGHT: windowtext 1p=
t; BACKGROUND: #dc3545; BORDER-BOTTOM: windowtext 1pt; COLOR: white; P=
ADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: =
windowtext 1pt; PADDING-RIGHT: 0cm; mso-bidi-font-family: Arial; mso-b=
order-alt: none windowtext 0cm"><FONT=20
      face=3D"Times New Roman">Online=20
    Class</FONT></SPAN></A><o:p></o:p></SPAN></P></TD></TR>
  <TR style=3D"HEIGHT: 50.5pt; mso-yfti-irow: 5; mso-yfti-lastrow: yes=
">
    <TD=20
    style=3D"BORDER-TOP: #dddddd 1pt solid; HEIGHT: 50.5pt; BORDER-RIG=
HT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6pt; PADDING-TOP:=
 6pt; PADDING-LEFT: 6pt; BORDER-LEFT: #f0f0f0; PADDING-RIGHT: 6pt; BAC=
KGROUND-COLOR: transparent; mso-border-top-alt: solid #DDDDDD .75pt"=20
    vAlign=3Dtop>
      <P class=3DMsoNormal style=3D"MARGIN: 0cm 0cm 10pt"><SPAN=20
      style=3D'FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COL=
OR: aliceblue; LINE-HEIGHT: 115%'>05/06/2023<B>&nbsp;-</B>&nbsp;09/06/=
2023<o:p></o:p></SPAN></P></TD>
    <TD=20
    style=3D"BORDER-TOP: #dddddd 1pt solid; HEIGHT: 50.5pt; BORDER-RIG=
HT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6pt; PADDING-TOP:=
 6pt; PADDING-LEFT: 6pt; BORDER-LEFT: #f0f0f0; PADDING-RIGHT: 6pt; BAC=
KGROUND-COLOR: transparent; mso-border-top-alt: solid #DDDDDD .75pt"=20
    vAlign=3Dtop>
      <P class=3DMsoNormal style=3D"MARGIN: 0cm 0cm 10pt"><SPAN=20
      style=3D'FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COL=
OR: aliceblue; LINE-HEIGHT: 115%'>$1500<o:p></o:p></SPAN></P></TD>
    <TD=20
    style=3D"BORDER-TOP: #dddddd 1pt solid; HEIGHT: 50.5pt; BORDER-RIG=
HT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6pt; PADDING-TOP:=
 6pt; PADDING-LEFT: 6pt; BORDER-LEFT: #f0f0f0; PADDING-RIGHT: 6pt; BAC=
KGROUND-COLOR: transparent; mso-border-top-alt: solid #DDDDDD .75pt"=20
    vAlign=3Dtop>
      <P class=3DMsoNormal style=3D"MARGIN: 0cm 0cm 10pt"><SPAN=20
      style=3D'FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COL=
OR: aliceblue; LINE-HEIGHT: 115%'>Mombasa<o:p></o:p></SPAN></P></TD>
    <TD=20
    style=3D"BORDER-TOP: #dddddd 1pt solid; HEIGHT: 50.5pt; BORDER-RIG=
HT: #f0f0f0; WIDTH: 149.2pt; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6=
pt; PADDING-TOP: 6pt; PADDING-LEFT: 6pt; BORDER-LEFT: #f0f0f0; PADDING=
-RIGHT: 6pt; BACKGROUND-COLOR: transparent; mso-border-top-alt: solid =
#DDDDDD .75pt"=20
    vAlign=3Dtop width=3D249>
      <P class=3DMsoNormal style=3D"MARGIN: 0cm 0cm 10pt"><SPAN=20
      style=3D'FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COL=
OR: aliceblue; LINE-HEIGHT: 115%'><A=20
      style=3D"OUTLINE-WIDTH: 0px; PADDING-TOP: 0px; OUTLINE-STYLE: no=
ne; PADDING-LEFT: 0px; OUTLINE-COLOR: invert; PADDING-RIGHT: 0px; -web=
kit-font-smoothing: antialiased; border-radius: 0.2rem"=20
      href=3D"https://133IK.trk.elasticemail.com/tracking/click?d=3DWo=
apoy-pTrFhh792RHeJ9-Rt225YYsPmWjNWsqqrTtPjEpYBXwtg184sOjVYXHdJ08PhnHnP=
5VI6yomzlzSZ-Dk9ZquR_2WYMAcEnhMoc7b_3y5-tzkMKE1PrOvORKsuxTwjzylj6iG9L_=
Qujz18EA3zY-tOazpKubRICDctINVJ0"><SPAN=20
      style=3D"BORDER-TOP: windowtext 1pt; BORDER-RIGHT: windowtext 1p=
t; BACKGROUND: #ffc107; BORDER-BOTTOM: windowtext 1pt; COLOR: #212529;=
 PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT=
: windowtext 1pt; PADDING-RIGHT: 0cm; mso-bidi-font-family: Arial; mso=
-border-alt: none windowtext 0cm"><FONT=20
      face=3D"Times New Roman">Physical Class</FONT></SPAN></A><BR><BR=
><A=20
      style=3D"OUTLINE-WIDTH: 0px; PADDING-TOP: 0px; OUTLINE-STYLE: no=
ne; PADDING-LEFT: 0px; OUTLINE-COLOR: invert; PADDING-RIGHT: 0px; -web=
kit-font-smoothing: antialiased; border-radius: 0.2rem"=20
      href=3D"https://133IK.trk.elasticemail.com/tracking/click?d=3DWo=
apoy-pTrFhh792RHeJ9-Rt225YYsPmWjNWsqqrTtO7LehkSoYMhQDHzoCXfFrhglPILkej=
1vtYDuCxRCjsRQpjQeBEHvoKSxg0GaCEssrDORHmLUFDu2Gz-x1QdgXeeULpbgqH1awEXk=
JzTXnxl-3S5HrDkUR0sjXH2rYo1xr20"><SPAN=20
      style=3D"BORDER-TOP: windowtext 1pt; BORDER-RIGHT: windowtext 1p=
t; BACKGROUND: #dc3545; BORDER-BOTTOM: windowtext 1pt; COLOR: white; P=
ADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: =
windowtext 1pt; PADDING-RIGHT: 0cm; mso-bidi-font-family: Arial; mso-b=
order-alt: none windowtext 0cm"><FONT=20
      face=3D"Times New Roman">Online=20
    Class</FONT></SPAN></A><o:p></o:p></SPAN></P></TD></TR></TBODY></T=
ABLE>
<P class=3DMsoNormal=20
style=3D"BACKGROUND: white; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">=
<U><SPAN=20
style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><o:p><SPAN=20
style=3D"TEXT-DECORATION: none"><FONT=20
face=3DCalibri>&nbsp;</FONT></SPAN></o:p></SPAN></U></P>
<P class=3DMsoNormal=20
style=3D"BACKGROUND: white; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">=
<U><SPAN=20
style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><A=20
href=3D"https://133IK.trk.elasticemail.com/tracking/click?d=3D4RSOGeS5=
HI6KFJixQpykUH7SBDSj0A2EdHdcqqEk-KM-cgdd93er8oiDD9RVWshipM6HV32ttMT5MB=
hDLo2c2uAqknaVlu-rtCc-QEiB1pZbcrmQvvlkyxxUTYsq2uZwQkld8IC1D0xSDIxa57rx=
idA1" target=3D_blank><SPAN=20
style=3D"COLOR: windowtext; mso-bidi-font-family: Calibri">Contact=20
us<o:p></o:p></SPAN></A></SPAN></U></P>
<P class=3DMsoNormal=20
style=3D"BACKGROUND: white; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">=
<SPAN=20
style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
face=3DCalibri>&nbsp;<o:p></o:p></FONT></SPAN></P>
<P class=3DMsoNormal=20
style=3D"BACKGROUND: white; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">=
<U><SPAN=20
style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><A=20
href=3D"https://133IK.trk.elasticemail.com/tracking/click?d=3DTdO1gCuQ=
71hpWL60BWNntuwf2IWJfk_kJQ_Oex5_ejji4-VYzB2HCVxTr1UKQpPcV8YMyy0xe8PvS9=
g_AJisf8VI2vcKYmPvQ--PWbhyF3ukCXlhy3zlr4iJT_LtWmUJ5ObYGxNTLJJTLqaYhZhK=
yrY1" target=3D_blank><SPAN=20
style=3D"COLOR: windowtext; mso-bidi-font-family: Calibri">Whatapp<o:p=
></o:p></SPAN></A></SPAN></U></P>
<P class=3DMsoNormal=20
style=3D"TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%">=
<B=20
style=3D"mso-bidi-font-weight: normal"><SPAN=20
style=3D"FONT-SIZE: 12pt; LINE-HEIGHT: 150%; mso-bidi-font-family: Cal=
ibri"><FONT=20
face=3DCalibri><SPAN style=3D"mso-spacerun: yes">&nbsp;</SPAN><SPAN=20
style=3D"mso-spacerun: yes">&nbsp; </SPAN><SPAN=20
style=3D"mso-spacerun: yes">&nbsp;&nbsp;</SPAN><o:p></o:p></FONT></SPA=
N></B></P>
<P class=3DMsoNormal=20
style=3D"TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%">=
<B=20
style=3D"mso-bidi-font-weight: normal"><SPAN=20
style=3D"FONT-SIZE: 12pt; LINE-HEIGHT: 150%; mso-bidi-font-family: Cal=
ibri"><FONT=20
face=3DCalibri>INTRODUCTION<o:p></o:p></FONT></SPAN></B></P>
<P class=3DMsoNormal=20
style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt;=
 mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-line-heigh=
t-alt: 11.2pt"><SPAN=20
style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
face=3DCalibri>Private Pensions are becoming an increasingly important=
 part of=20
retirement income. Therefore, the quality and the effectiveness of pen=
sion funds=20
supervision is getting more and more critical, as well as challenging.=
 In order=20
to achieve effective supervision, supervisory authorities need to expa=
nd risk=20
analysis and develop emerging risk capacities. Thus, risk-based superv=
ision=20
(RBS) is imperative to be adopted along with corresponding risk-assess=
ment=20
methodology, that incorporates both micro and macro=20
perspectives.<o:p></o:p></FONT></SPAN></P>
<P class=3DMsoNormal=20
style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt;=
 mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-line-heigh=
t-alt: 11.2pt"><SPAN=20
style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
face=3DCalibri>Strategically selected RBS techniques can result in eff=
ective=20
resource allocation, where assets are directed in a way to target the =
risk=20
exposures that are of greatest concern to the supervisory authority. H=
ence, RBS=20
is deemed to be a more flexible and dynamic process, that allows for g=
reater=20
efficiency in the event of resource scarcity.<o:p></o:p></FONT></SPAN>=
</P>
<P class=3DMsoNormal=20
style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt;=
 mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-line-heigh=
t-alt: 11.2pt"><SPAN=20
style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT face=3D=
Calibri>This=20
program has been specifically designed by Skills for Africa Training I=
nstitute=20
to equip its participants with in-depth knowledge and essential skills=
 to=20
successfully employ RBS techniques.<o:p></o:p></FONT></SPAN></P>
<P class=3DMsoNormal=20
style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt;=
 mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-line-heigh=
t-alt: 11.2pt"><FONT=20
face=3DCalibri><B><SPAN=20
style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri">COURSE=20
OBJECTIVES</SPAN></B><SPAN=20
style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><o:p></o:p></=
SPAN></FONT></P>
<P class=3DMsoNormal=20
style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt;=
 mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-line-heigh=
t-alt: 11.2pt"><SPAN=20
style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT face=3D=
Calibri>At the=20
end of the course, the participants will be able=20
to:<o:p></o:p></FONT></SPAN></P>
<UL type=3Ddisc>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l4 level1 lfo1; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Possess comprehensive understanding of pensions schem=
es, funds=20
  and plans worldwide<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l4 level1 lfo1; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Compare and employ global best practices of risk-base=
d pension=20
  fund supervision and good governance<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l4 level1 lfo1; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Develop sound decision-making skills for strategic re=
sources=20
  allocation and supervisory strategies<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l4 level1 lfo1; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Employ various risk techniques for pension fund risk=20
  management<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l4 level1 lfo1; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT face=3D=
Calibri>Set=20
  appropriate controls and measures against identified=20
  risks<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l4 level1 lfo1; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Analyze various situations and circumstances and fore=
see possible=20
  outcomes<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l4 level1 lfo1; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Effectively and efficiently handle and manage senior =
roles and=20
  responsible related to risk-based pension fund supervision and stay =
relevant=20
  and competitive for the industry.<o:p></o:p></FONT></SPAN></LI></UL>
<P class=3DMsoNormal=20
style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt;=
 mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-line-heigh=
t-alt: 11.2pt"><FONT=20
face=3DCalibri><B><SPAN=20
style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri">DURATION</SPA=
N></B><SPAN=20
style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><o:p></o:p></=
SPAN></FONT></P>
<P class=3DMsoNormal=20
style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt;=
 mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-line-heigh=
t-alt: 11.2pt"><SPAN=20
style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT face=3D=
Calibri>5=20
Days&nbsp;<o:p></o:p></FONT></SPAN></P>
<P class=3DMsoNormal=20
style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt;=
 mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-line-heigh=
t-alt: 11.2pt"><FONT=20
face=3DCalibri><B><SPAN style=3D"FONT-SIZE: 12pt; mso-bidi-font-family=
: Calibri">WHO=20
SHOULD ATTEND</SPAN></B><SPAN=20
style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><o:p></o:p></=
SPAN></FONT></P>
<P class=3DMsoNormal=20
style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt;=
 mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-line-heigh=
t-alt: 11.2pt"><SPAN=20
style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT face=3D=
Calibri>This=20
training course is suitable to a wide range of professionals but will =
greatly=20
benefit:<o:p></o:p></FONT></SPAN></P>
<UL type=3Ddisc>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l6 level1 lfo2; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Professionals and executives involved in Pension Fund=
 Supervision=20
  and Governance<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l6 level1 lfo2; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Specialists and Policy Makers involved in risk identi=
fication,=20
  assessment and management.<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l6 level1 lfo2; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Legal and Financial Advisors concerned with Pension R=
isks and=20
  related disputes<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l6 level1 lfo2; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT face=3D=
Calibri>BPO=20
  Pension Schemes Administrators<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l6 level1 lfo2; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Public Sector Pension Scheme Legislators and Official=
s at the=20
  local and national level<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l6 level1 lfo2; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Pensions Managers and Pensions Scheme=20
  Managers<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l6 level1 lfo2; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Pension Officers and Registrars<o:p></o:p></FONT></SP=
AN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l6 level1 lfo2; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Employee Benefits Directors and=20
  Managers<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l6 level1 lfo2; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Anyone interested in Risk-Based Pension Fund Supervis=
ion and=20
  Governance<o:p></o:p></FONT></SPAN></LI></UL>
<P class=3DMsoNormal=20
style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt;=
 mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-line-heigh=
t-alt: 11.2pt"><FONT=20
face=3DCalibri><B><SPAN=20
style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri">COURSE=20
CONTENT</SPAN></B><SPAN=20
style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><o:p></o:p></=
SPAN></FONT></P>
<P class=3DMsoNormal=20
style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt;=
 mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-line-heigh=
t-alt: 11.2pt"><B><SPAN=20
style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT face=3D=
Calibri>Day=20
One:&nbsp;Risk and Regulations for Pension=20
Industry<o:p></o:p></FONT></SPAN></B></P>
<UL type=3Ddisc>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l1 level1 lfo3; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT face=3D=
Calibri>The=20
  Broad categorization of pension industry risk: Portfolio, Agency and=
 Systemic=20
  Risks<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l1 level1 lfo3; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Introduction to Pension Fund Regulatory=20
  Mechanism<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l1 level1 lfo3; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Regulatory Requirements on Risk Management=20
  Architecture<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l1 level1 lfo3; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Licensing, Governance and Investment=20
  Rules<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l1 level1 lfo3; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Independent Custodian, External Audits, and Disclosur=
e=20
  Requirements<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l1 level1 lfo3; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Guarantees, Minimum Capital, and=20
  Reserves<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l1 level1 lfo3; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT face=3D=
Calibri>Cost=20
  &amp; Fee Regulations and Sanctions<o:p></o:p></FONT></SPAN></LI></U=
L>
<P class=3DMsoNormal=20
style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt;=
 mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-line-heigh=
t-alt: 11.2pt"><B><SPAN=20
style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT face=3D=
Calibri>Day=20
Two:&nbsp;Introduction to Risk-Based Supervision of Pension=20
Funds<o:p></o:p></FONT></SPAN></B></P>
<UL type=3Ddisc>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l5 level1 lfo4; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT face=3D=
Calibri>The=20
  financial position of the organization, risk level intensity and sup=
ervision=20
  scope<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l5 level1 lfo4; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Shifting the focus to high-level controls and=20
  governance<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l5 level1 lfo4; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Strategic allocation of time and resources: employing=
 proactive=20
  approach<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l5 level1 lfo4; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Common objectives and elements of pensions fund RBS=20
  design<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l5 level1 lfo4; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT face=3D=
Calibri>Key=20
  focus areas of RBS model<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l5 level1 lfo4; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Employing pension fund RBS-Application and adaptation=
 of=20
  models<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l5 level1 lfo4; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Collecting data<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l5 level1 lfo4; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Supervisory board, staff, industry and=20
  power.<o:p></o:p></FONT></SPAN></LI></UL>
<P class=3DMsoNormal=20
style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt;=
 mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-line-heigh=
t-alt: 11.2pt"><FONT=20
face=3DCalibri><B><SPAN=20
style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri">&nbsp;Day=20
Three:&nbsp;Analyzing Risk Landscape</SPAN></B><SPAN=20
style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><o:p></o:p></=
SPAN></FONT></P>
<UL type=3Ddisc>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l0 level1 lfo5; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Risk-Based Solvency and Risk Scoring=20
  Methods<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l0 level1 lfo5; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT face=3D=
Calibri>Risk=20
  Based Capital Rules<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l0 level1 lfo5; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Funding risk<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l0 level1 lfo5; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Solvency risk<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l0 level1 lfo5; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Surplus risk and contribution risk<o:p></o:p></FONT><=
/SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l0 level1 lfo5; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Counterparty credit risk<o:p></o:p></FONT></SPAN></LI=
>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l0 level1 lfo5; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Interest rate mismatch risk<o:p></o:p></FONT></SPAN><=
/LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l0 level1 lfo5; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Longevity Risk Hedging and=20
Transfers<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l0 level1 lfo5; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Systematic Risks and=20
  Achievability<B>&nbsp;</B><o:p></o:p></FONT></SPAN></LI></UL>
<P class=3DMsoNormal=20
style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt;=
 mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-line-heigh=
t-alt: 11.2pt"><B><SPAN=20
style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT face=3D=
Calibri>Day=20
Four:&nbsp;Actionable Tools of RBS<o:p></o:p></FONT></SPAN></B></P>
<UL type=3Ddisc>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l3 level1 lfo6; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Setting objectives and risk focus for supervisory=20
  authorities<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l3 level1 lfo6; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Identifying, mapping and weighting=20
  risks<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l3 level1 lfo6; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Resource allocation decision based on risk=20
  assessment<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l3 level1 lfo6; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Quality assurance<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l3 level1 lfo6; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Maximizing the value of scarce=20
  resources<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l3 level1 lfo6; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Foreseeing problems timely<o:p></o:p></FONT></SPAN></=
LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l3 level1 lfo6; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Challenges in pension fund RBS=20
  implementation<o:p></o:p></FONT></SPAN></LI></UL>
<P class=3DMsoNormal=20
style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt;=
 mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-line-heigh=
t-alt: 11.2pt"><FONT=20
face=3DCalibri><B><SPAN=20
style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri">&nbsp;Day=20
Five:&nbsp;Managing and Mitigation Risks</SPAN></B><SPAN=20
style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><o:p></o:p></=
SPAN></FONT></P>
<UL type=3Ddisc>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l2 level1 lfo7; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Operation and structure of internal risk governance=20
  processes<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l2 level1 lfo7; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Considering risk-based approach in organizational=20
  structure<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l2 level1 lfo7; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Management controls and compliance<o:p></o:p></FONT><=
/SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l2 level1 lfo7; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Setting appropriate procedures and=20
  controls<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l2 level1 lfo7; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Designing and adopting risk management=20
  systems<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l2 level1 lfo7; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Independent reviews<o:p></o:p></FONT></SPAN></LI>
  <LI class=3DMsoNormal=20
  style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom=
-alt: auto; mso-list: l2 level1 lfo7; mso-line-height-alt: 11.2pt"><SP=
AN=20
  style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT=20
  face=3DCalibri>Sponsors and financial support<o:p></o:p></FONT></SPA=
N></LI></UL>
<P class=3DMsoNormal=20
style=3D"BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt =
36pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-line-=
height-alt: 11.2pt"><B=20
style=3D"mso-bidi-font-weight: normal"><SPAN=20
style=3D"FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT face=3D=
Calibri>THE=20
END<o:p></o:p></FONT></SPAN></B></P>
<P class=3DMsoNormal style=3D"TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10p=
t"><SPAN=20
style=3D"FONT-SIZE: 12pt; LINE-HEIGHT: 115%; mso-bidi-font-family: Cal=
ibri"><o:p><FONT=20
face=3DCalibri>&nbsp;</FONT></o:p></SPAN></P></DIV></BODY></HTML>

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