Wealth Management

[Webinar] 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.

Financial Incentive Scheme of the WAM Pilot Programme

This is one of the eligible courses / seminars under the Financial Incentive Scheme (“The Scheme”) of the WAM Pilot Programme.

Eligible in-service practitioners of the financial services industry could apply for a reimbursement up to 80% of the course / seminar fees, or a maximum of HK$10,000 per person throughout the period of 1 October 2016 to 31 March 2023 upon satisfactory completion.

Each individual may apply for reimbursement for more than one course / seminar subject to a maximum of HK$10,000 but each course / seminar can only be reimbursed once.

The duly signed application form together with the FIVE supporting documents must be submitted within FOUR months from the last day of the course / seminar attended. Please refer to the WAM Pilot Programme website for more details.

WAM Pilot Programme Special Requirements

If you plan to apply for reimbursement under the Financial Incentive Scheme (FIS), please ensure your device/computer has the camera feature or with webcam installed as you are required to turn on your camera throughout the webinar.

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.
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, 20 May 2021 (6:00PM - 9:00PM)
Virtual Platform
Relevant Subject
Type 9 - Asset management
Regulatory Compliance
SFC:3.00, MPFA:3.00, PWMA:3.00, LawSociety:2.50, HKTA:3.00

Participants who wish to register into all seven (7) units of Part B stream 2 training sessions, please click here.