Investment of social security funds: ISSA Guidelines, knowledge-sharing and innovation

Investment of social security funds: ISSA Guidelines, knowledge-sharing and innovation

Investment of social security funds: ISSA Guidelines, knowledge-sharing and innovation

8–12 June 2020
The course is available in English

Reserve funds play an important role in the sustainability of social security systems, but their contribution depends on effective investment processes. This course draws on international best-practice guidelines to explore how to implement well-organised and effective investment processes that can respond to economic, demographic, political and management pressures. This is one of seven courses run in partnership with the International Social Security Association (ISSA) held simultaneously at the Turin Centre.

Join a network of social security practitioners in this highly specialized course.

Key features

The green campus with modern training facilities makes a unique space for learning


Innovative training methodologies and integrated use of digital learning technology


Learning begins at home, continues in the classroom, and ends with an individual assignment


Critical insights from professionals of ISSA member organizations

Introduction to the course

Investing social security funds appropriately and responsibly requires a firm grasp of the underlying concepts and principles. This course will enable participants to expand their investment knowledge and skills by focusing on the ISSA Guidelines covering on the Investment of Social Security Funds. It will cover (1) investment governance principles, (2) investment governance structures, (3) common processes, and (4) processes specific to internal and external investment management. Participants will learn best practices in investing social security funds, from implementing an investment policy to monitoring the results.

Who attends this course?

This course is designed for social security professionals from ISSA member institutions. Participants should hold positions directly related to the investment of social security funds and be interested in improving their investment structures and processes by applying the ISSA Guidelines.

What will I learn?

This course uses the ISSA Guidelines on Investment of Social Security Funds as a framework for assessing challenges and identifying innovations.

  • Investment structures, principles and beliefs: principles of investing social security reserve funds, challenges, constraints and objectives
  • Investment strategy: factors and constraints to consider; investment strategy process, constraints, definition and analyses of risk budget
  • Investment processes: carrying out investment in practice; steps to develop an appropriate investment strategy; consideration of internal versus external management, passive versus active strategy
  • Monitoring investment management: ensuring investment continues to meet objectives; evaluating performance; appropriate benchmarks; monitoring external investment managers
  • Investment governance and investment performance: understanding the link, the various investment governance resources and tools available to investing institutions
What will I be able to do?
  • Understand core approaches to improve investment of reserve funds based on international best practice
  • Identify roles and responsibilities in investment governance and management
  • Utilise the ISSA Guidelines as a framework for planning and implementing effective investment processes
  • Develop country-tailored innovations drawing on experience from other countries
Why should I join?

This course is designed specifically for social security professionals from ISSA member organizations.

  • ISSA-accredited experts with decades of international experience in social security administration
  • Join and interact with a network professionals from other ISSA member organisations, including those attending parallel courses
  • Mix of training methods: lectures, plenary discussions, good practices, case studies, group work and individual exercises
  • Successful candidates receive an ITCILO Certificate of Achievement

The course consists of 60 total hours of learning, broken up into three phases.

  • Pre-course (10 hours): Self-guided study through the online eCampus platform. Includes a pre-course assessment
  • Residential week (45 hours): 5-day interactive sessions at the ITCILO in Turin, including developing an individual presentation
  • Post-course assignment (5 hours): Individual assignment applying ISSA Guidelines to the participant’s organisation

Questions? We have the answers