Fiduciary Matters

Pension Review Board Staff on July 26, 2022

Texas Pension Review Board

Minimum Educational Training Program

This course examines both the legal and ethical obligations of fiduciaries of public retirement systems. The course presents concepts that are fundamental in the service of a retirement system, including fiduciary duty and liability, standards of conduct, prohibited transactions and conflicts of interest, and applicable laws. A road map of the course follows:

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Dashboard

Fiduciary Responsibilities

Introduction
Lesson 1 of 6 within section Fiduciary Responsibilities. You must enroll in this course to access course content.
Exclusive Benefits/Duty of Loyalty
Lesson 2 of 6 within section Fiduciary Responsibilities. You must enroll in this course to access course content.
Duty of Care/Prudent Person Rule
Lesson 3 of 6 within section Fiduciary Responsibilities. You must enroll in this course to access course content.
Duty to Diversify
Lesson 4 of 6 within section Fiduciary Responsibilities. You must enroll in this course to access course content.
Duty to Follow Plan Documents
Lesson 5 of 6 within section Fiduciary Responsibilities. You must enroll in this course to access course content.
Duty Related to Contracting for Professional Services
Lesson 6 of 6 within section Fiduciary Responsibilities. You must enroll in this course to access course content.
Has Quiz

Ethical Issues

Conflicts-of-Interest, Standards of Conduct, and Prohibited Transactions
Lesson 1 of 7 within section Ethical Issues. You must enroll in this course to access course content.
Statutory Conflict-of-Interest Provisions for Officials of Local Retirement Systems
Lesson 2 of 7 within section Ethical Issues. You must enroll in this course to access course content.
Conflict-of-Interest Best Practices
Lesson 3 of 7 within section Ethical Issues. You must enroll in this course to access course content.
Resolving Conflicts-of Interest
Lesson 4 of 7 within section Ethical Issues. You must enroll in this course to access course content.
Prohibited Transactions: Guidelines
Lesson 5 of 7 within section Ethical Issues. You must enroll in this course to access course content.
Standards of Conduct for Fiduciaries: Statutory Requirements
Lesson 6 of 7 within section Ethical Issues. You must enroll in this course to access course content.
Standards of Conduct for Fiduciaries: Best Practices 
Lesson 7 of 7 within section Ethical Issues. You must enroll in this course to access course content.
Has Quiz

Fiduciary Liability

Common Reasons Fiduciaries May Get Into Trouble
Lesson 1 of 4 within section Fiduciary Liability. You must enroll in this course to access course content.
How to Protect Against Fiduciary Liability Claims
Lesson 2 of 4 within section Fiduciary Liability. You must enroll in this course to access course content.
Helpful Links
Lesson 3 of 4 within section Fiduciary Liability. You must enroll in this course to access course content.
Final Quiz
Lesson 4 of 4 within section Fiduciary Liability. You must enroll in this course to access course content.
Has Quiz
Course Survey