Aon Fiduciary Academy
Online Fiduciary Training
What is Aon Fiduciary Academy?
A solid approach to fiduciary governance includes understanding the breadth of your obligations as a fiduciary. Aon’s online fiduciary training program, Aon Fiduciary Academy, goes beyond discussing the law and emphasizes fiduciary responsibilities and the practical implications of ERISA.
The training is divided into two parts, each taking 45 – 60 minutes. Part one focuses on the specific fiduciary obligations under ERISA, while part two builds on those basic concepts and describes best practices for fiduciary committees.
How is Aon Fiduciary Academy Different?
Aon Fiduciary Academy is scenario-based and interactive. Throughout the training, the committee members are presented with real-life examples of issues facing fiduciaries today and asked to consider how they would act in these situations. These exercises help illustrate the relevance and importance of the topics.
Aon Fiduciary Academy is user-friendly and flexible:
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Personalized Scheduling
Each committee member can take the training on their own schedule.
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Easy to Manage
Committee members can pause the training if needed and restart where they left off, making it easier to integrate into a busy workday.
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Computer and Mobile Access
The training is easy to access on a computer or mobile device.
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Available for New Members
Training is always available for new committee members.
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Training Refresh
Committee members can review the training as often as needed to refresh their knowledge.
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Monitor Progress
Organizations can monitor which committee members have completed the training.
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Certificate of Completion
A certificate of completion is provided at the end of the training.
Topics Covered in the Training
The online training covers a variety of topics, including:
- ERISA Background and Perspective
- Basic Concepts and Terminology: Plan assets, key fiduciary roles, and settlor versus fiduciary.
- Core Fiduciary Duties and Prohibited Transactions
- Fiduciary Best Practices: Committee structure and governance, overseeing investments, overseeing administration and monitoring expenses.
- Risk Mitigation Strategies
~1 HR
The training is divided into two parts, each taking 45 – 60 minutes.
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