ACBF’s Pension Fund Committee arranged a retirement planning seminar for staff members on the 16^th and 17^th of May, 2011.

The main objective of the seminar was to provide members with basic knowledge and tools about retirement planning and investing, empowering staff to get the most value out of the pension scheme. The seminar was particularly relevant, given the recent changes that have been made to the administration of Foundation’s pension scheme and the seminar was designed to provide staff with sufficient information to approach these changes with confidence.

The scope of the seminar covered several topics considered essential to retirement planning, including:

• The importance of planning for retirement
• Life expectancy, inflation and retirement income
• Determining how much retirement income is needed
• Determining investment profile and risk tolerance
• Relationship between risk and return
• Asset classes, asset allocation and diversification
• Mutual funds
• Income annuities
• Choosing a financial advisor