Wealth Management

Trust Training Certificate (TTC) - Unit 22: Hong Kong Private Retirement Schemes Trusts - ORSO


This is Unit 22 of the training programme in pursuing the “Trust Training Certificate”.

It consists of one module – Module 31: Trusts as Private / Voluntary Retirement Schemes – ORSO.

For the topics to cover, please refer to the content section below.


- Overview of ORSO retirement schemes in HK
- Different types of ORSO schemes
- Basic requirements for ORSO schemes
- Obligations and responsibilities of employers and trustee under ORSO scheme
- Administration and reporting requirements
- Tax allowances with regard to HK ORSO plans and distributions

Who should attend

The course is primarily targeted to those who would like to pursue “Trust Training Certificate” in order to apply for the Hong Kong Trustees’ Association Certified Trust Practitioner? designation.

It is also relevant to those who would like to gain a solid understanding of the course subject matter.

Speaker/Course Instructor

Penny Leung is the Head of Pensions Trustee (ORSO), responsible for the delivery of pension trustee services. She manages a wide portfolio of retirement schemes including statutory organizations, educational institutions, multinationals and Hong Kong listed companies. A key aspect of her role is to advise clients on trustee and fiduciary matters and ensure applicable governing policies and procedures are complied with. As a member of Trustee and Fiduciary Governance Committee, ORSO Investment Management Committee, and Administration Management Committee in Hong Kong, she contributes much in the delivery of setting the best practices to achieve the highest standards in pensions governance.

Penny has 20 years’ experience in the field and prior to joining HSBC, she worked for a well-known asset management company in Hong Kong, responsible for client management and development of unit trust and provident plan clients. Penny holds a Bachelor of Social Sciences (Economics) in the University of Hong Kong and a Retirement Provision Certificate with the Pension Management Institute in UK.
Connie FAN
Connie Fan is Head of Pension Business Development. She is responsible for client management for all pension clients including MPF and ORSO employers. Connie has nearly 20 years of experience for servicing pension clients including MPF and ORSO employers and extensive knowledge on both MPF and ORSO. Prior to re-joining HSBC, Connie was the Senior Relationship Manager of Institutional Business in a fund management company for 4 years. Connie holds a Bachelor of Arts (Economics and Psychology) in University of Calgary.
Henrietta MA
Ms. Henrietta Ma, holder of Bachelor of Business Studies and Master of Science in Management (Public Sector), has over 20 years of experience in compliance/regulation capacity in public sector and is currently Manager (Product Regulation) of the Mandatory Provident Fund Schemes Authority (MPFA). Prior to joining the MPFA, Ms. Ma has worked in different capacities in both private and public sector.


Date & Time
Thursday, 13 Jun 2019 (6:00PM - 9:00PM)
HKSI Institute Training Centre
Relevant Subject
Type 9 - Asset management
Regulatory Compliance
SFC:3.00, MPFA:3.00, PWMA:3.00