[Webinar] Trust Training Certificate (TTC) (version 2.0) - Unit 22: Hong Kong Private Retirement Scheme Trusts - ORSO

Overview

This is Unit 22 of the "Trust Training Certificate" ("TTC") (version 2.0) training programme.

It consists of one module:
Module 24: Trust as Private/ Voluntary Retirement Schemes – ORSO

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

By the end of this module, candidates should be able to

Understand the basic requirement of ORSO schemes
Explain the different types of ORSO schemes
Describe the obligations and responsibilities of employers and trustee under ORSO schemes
Describe the administrative and reporting requirements of ORSO schemes
Explain the tax position of ORSO scheme and contributions and benefits

Content

This Module provides an overview of Occupational Retirement Schemes, which is established under a trust structure by virtue of Occupational Retirement Schemes Ordinance (“ORSO”).

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/).

Speaker/Course Instructor

Penny LEUNG

Penny is a pension and funds veteran with over 20 years of experience. In her previous role as Director for Global Trustee and Fiduciary Services at HSBC, she was responsible for establishing and expanding trustee services to pension and investment funds. She managed a wide portfolio of retirement schemes including statutory organisations, educational institutions, multinationals and Hong Kong-listed companies. She is a key industry contributor to setting best practice standards in pension governance in the region. Penny is a Certified Trust Practitioner in Hong Kong. She holds a Bachelor of Social Sciences (Economics) from the University of Hong Kong, a Retirement Provision Certificate issued by the Pension Management Institute (UK), and a Graduate Diploma in Commercial Law from the University of London.

Details

Code

TQPWM24004501

Date & Time

Friday, 25 Oct 2024 (6:00PM - 9:00PM)

Venue

Virtual Platform

Relevant Subject

Type 9 - Asset management

Regulatory Compliance