Overview

Effective from 1 October 2024, the Practice Note i.e. ‘Practice Note on the application of requirements in the insurance regulatory framework to specific services provided by licensed insurance brokers on investment choices and premium allocations under Investment-Linked Assurance Scheme Policies (“ILAS Policies”)’ issued by the Insurance Authority on 5 July 2024 establishes competency requirements for licensed insurance brokers providing advisory investment services or discretionary investment management services in relation to ILAS Policies.

Existing licensed insurance brokers who cannot meet the new competency requirements by 1 October 2024 can continue providing such services only in relation to ILAS policies issued before 1 October 2024 (“Grandfathered ILAS Policies”) and be subject to the Grandfathering Arrangements set out in the Practice Note (“Grandfathering Arrangements”).

Under the Grandfathering Arrangements, the relevant licensed insurance brokers must complete two additional CPD hours annually in each of following CPD Assessment Period:
• from 1 August 2024 to 31 July 2025
• from 1 August 2025 to 31 July 2026; and
• from 1 August 2026 to 31 July 2027

By 1 August 2027, full competence with the competency requirements must be achieved by the relevant licensed insurance brokers.

This course is recognised by the IA under the Grandfathering Arrangements and equips licensed insurance brokers with the necessary technical knowledge to continue providing advisory investment services or discretionary investment management services. Participants will learn investment strategies, portfolio management, and industry best practices, ensuring compliance and high-quality client service.

Content

Part 1: Recap on “ILAS Policies”
Part 2: Investment Management Practices
Part 3: Investment Policy Statement
Part 4: Valuation Models for Investments

Who should attend

1. Existing licensed insurance brokers who are required under the ‘Practice Note on the application of requirements in the insurance regulatory framework to specific services provided by licensed insurance brokers on investment choices and premium allocations under Investment-Linked Assurance Scheme Policies (“ILAS Policies”)’ to fulfil the Additional CPD Requirement of 2 hours for Grandfathered ILAS Policies in the current CPD Assessment Period.
2. All other licensed insurance brokers who would like to deepen their knowledge of portfolio management in relation to ILAS Policies.
3. Anyone who is interested in learning the topic.