Overview

This is Unit 21 of the "Trust Training Certificate" ("TTC") (version 2.0) training programme.

It consists of one module:
Module 23: Mandatory Provident Fund Schemes - MPF

For details on the topics to be covered, please refer to the 'Content' section below.

If you wish to register for the full TTC (version 2.0) Part B Stream 2 Training programme and Examination, click here. 

Objective

At the end of the Module, candidates should be able to

1. understand all key aspects of the MPF system and MPF schemes, including:

• List the basic rules and provisions for MPF schemes,
• Explain the different types of MPF schemes,
• Describe the licensing and compliance requirements of MPF schemes and Trustees,
• Understand the role and licensing and requirements for Custodians, Sponsors, Intermediaries, Investment Products),
• Describe the reporting requirements under TCSP, FATCA, and CRS,
• Explain the tax arrangements on MPF schemes and contributions, and

2. compare with other mandatory pension plans internationally (Singapore and Australia).

Content

In this Module, students learn about the mandatory MPF schemes which are established under a trust structure.  The Module covers the regulatory and reporting requirements for the schemes, trustees and sponsors/employer:-

• The Module first explains the background of the Mandatory Provident Fund Schemes (“MPF”) system.
• Information regarding the types, structures, restrictions and key operators of MPF schemes.
• Comparison with other mandatory pension plans internationally.

Who should attend

This course is primarily designed for individuals who are interested in obtaining the "Trust Training Certificate" to qualify for the Hong Kong Trustees' Association Certified Trust Practitioner™ designation.

It is also relevant for individuals seeking a comprehensive understanding of the course subject matter and those planning to enter the Trust industry sector.

Financial Incentive Scheme of the WAM Pilot Programme

This course has already been approved as an eligible course of the Financial Incentive Scheme for Professional Training (“the Scheme”) under the Pilot Programme to Enhance Talent Training for the Asset and Wealth Management Sector (“the Pilot Programme”). The Scheme aims to enhance the competency and professionalism of in-service practitioners within the asset and wealth management sector and to assist other practitioners within the financial services industry in acquiring the knowledge and skills required for entering the sector. Eligible applicants will be subsidised 80% of the course fees by the HKSAR Government upon satisfactory completion of the courses approved by Hong Kong Securities and Investment Institute, subject to a ceiling of HK$15,000. Hong Kong Securities and Investment Institute is appointed as the implementation agent of the Pilot Programme. Regarding the details of eligible criteria and application procedures, please refer to the dedicated web-site of the Pilot Programme (https://www.wamtalent.org.hk/).

Click here if you wish to register for full Part B Stream 2 training programme and examination.