FChFP Course Information

Chartered Financial Practitioner – the Symbol of Expertise in Insurance and Financial Planning

Chartered Financial Practitioner is a professional designation commonly adopted by all the eleven members of the Asia Pacific Financial Services Association (APFinSA) and the seventeen members and affiliates of the European Financial Planning Association (EFPA).

The current APFinSA members are: Australia, Hong Kong, India, Japan, Macau, Malaysia, New Zealand, Philippines, Singapore, Taiwan, and Thailand.

Presently, the EFPA members and affiliates are: Belgium, Cyprus, Denmark, France, Germany, Greece, Hungary, Ireland, Italy, Luxembourg, Netherlands, Poland, Portugal, Russia, Slovenia, Spain, and United Kingdom

First launched in Malaysia in 1996 and further strengthened by the endorsement of APFinSA in 2000, the Chartered Financial Practitioner professional designation has been well received in Singapore and Malaysia.

“Chartered” denotes the highest level of professional competency required of financial planners and advisors recognized by the APFinSA and the EFPA fraternities. “Financial Practitioner” labels those financial planners and advisors whose knowledge, skills and standard of practice have reached the level of professionalism comparable to those of other proven professionals in the finance industry.

What Makes the “Chartered Financial Practitioner” Programme Unique?

• Comprehensiveness and recognition – the programme, recognized in the Asia Pacific and Europe, is a truly comprehensive professional, practical and insurance-based financial education programme with a local perspective.
  
• Professional development – the programme provides insurance practitioners with a platform for their professional development so enabling them to offer services to the public at an enhanced quality level.
  
• Insurance focus – the insurance-based programme is tailor-made to meet the specific needs of insurance practitioners. It is designed to refresh and fuel insurance practitioners with the knowledge and skills, and develop their personal qualities, necessary for the execution of their professional duties.
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• Life and general insurances – the programme is Hong Kong’s first in professional financial education combining the focuses of both life and general insurances.
  
• Theory and practice – through action projects, the programme develops insurance practitioners in practical implementations of theoretical contents. Through the programme, practitioners gain the know-how conducive to productivity enhancement.
  
• Flexibility – insurance practitioners may select the programme conducted in either Chinese or English for their best comfort. Further, an independent examination is set for each module, and under this arrangement, busy students enjoy added flexibility in scheduling their studies.
  
• Teaching excellence – the programme is exclusively delivered by accredited education and training institutes to ensure teaching excellence.

Programme Details

Modules

Investment Planning and Basic Accounting
Fundamental Financial Planning and Applications
Asset Planning
General Insurance
Life Insurance, Health Insurance and Annuities
Retirement Planning
Risk Management and Legal Principles of Insurance
Business Environment and Taxation

Duration

Each module is delivered by 30 hours of Lecture and 10 hours of Action Project

Syllabus

Approved Course Providers

The provision of the Chartered Financial Practitioner programme is undertaken by the following Approved Course Providers authorized by the LUAHK:

1. Community College of City University

Tel: 2788 7442
E-mail: ivytse@cityu.edu.hk
Website: http://www.cityu.edu.hk/cccu

2. Institute of Professional Education and Knowledge
   Vocational Training Council of Hong Kong

   Tel : 2836 1205
   Email : kikiau@vtc.edu.hk
   Website: http://www.peak.vtc.edu.hk

For enquiries or enrollments, please contact the above-listed institutes.

Fee

• Programme fee for each module: HK$3,300 (study materials not included - please see “Note” below)
• Examination fee for each module: HK$500

Note: Students must pay for the study materials at the time of enrollments. Otherwise, their applications for examination will not be accepted.

Entry Requirement

Persons who meet the following Entry Requirements are eligible to apply for admission to the Chartered Financial Practitioner programme:

(i) Having attained the age of 18 and completed Form 5; or
(ii) Having attained the age of 21 with 3 years of relevant work experience.

Examination

Examination Dates
Examinations are held three times in a year, in April, August and December. LUAHK members who have completed the Chartered Financial Practitioner programme are eligible to apply for enrollment in the examination. Candidates may apply for enrollment in an examination starting one month before the examination date. Applications are closed two weeks prior to the examination date. Upon acceptance of an application, no cancellation, re-arrangement or refund in respect of a scheduled examination is entertained. A notice of examination is mailed to each candidate five days prior to the examination date.

Examination
The examination paper for each module consists of 75 Multiple Choice questions in both Chinese and English versions. Candidates are required to answer all questions. The examination must be completed in two and a half hours. No calculation formula is disclosed in any examination paper. Candidates are not allowed to take any examination paper or answer sheet out of the examination centre.

Qualification Requirements

Practitioners must meet all of the following requirements to be qualified for the Fellow of Chartered Financial Practitioner (FChFP) professional designation:

Graduates of the Chartered Financial Practitioner programme are not allowed to print the title of “FChFP” on their name cards prior to their registrations with the APFinSA.

Exemptions

Candidates who have completed similar coursework in other study programmes, or possess academic or professional qualifications through completion of courses equivalent to those covered by the Chartered Financial Practitioner curriculum, may apply to the LUAHK for exemption from some or all of the required modules in the Chartered Financial Practitioner programme. Other qualifications or credentials are considered for exemption on a case-by-case basis.

Approved Subjects for Exemption:

The Exemption Fee for each module is HK$400 that is non-refundable regardless of the result of the exemption application. To apply for exemptions, an applicant should complete an application form, and send it together with the fee payment and the certificate copies to the LUAHK office for approval. A result notice is mailed to the applicant one month after receipt of the application. For a successfully exempted module, a student is not required to study the module or sit for the examination.

Accredited CPD learning

The Chartered Financial Practitioner programme has been accredited under the IIQAS for the purpose of CPD compliance. Successful completion of any one module of the programme in any year satisfies the CPD requirement for the corresponding year.

Moving Forward with Continuing Educationn

Completers of the Chartered Financial Practitioner programme, with the successful top-up of two subjects organized by the Hong Kong College of Technology, namely “The Principles of Economics” and “Business Calculations“, are eligible for entry into Jinan University’s Bachelor of Finance or Bachelor of Finance (Insurance) programmes.

The FChFP professional designation has also been accredited as an entry qualification by the Asia International Open University (AIOU). Holders of the designation and a first degree are eligible for admission to AIOU’s 2-year MBA programme. Non-degree Fellows are eligible for admission to AIOU’s 1-year Postgraduate Diploma programme, and may progress directly to the second year of AIOU’s MBA programme on successful completion of the Postgraduate Diploma programme.

In addition, Fellows are welcome to apply for enrollment in the 7-month “Executive Diploma in China Business Administration” (EDCBA) programme offered by the Management Development Centre of the Vocational Training Council. Programme graduates are deemed to have met the admission requirement of the 13-month EMBA programme offered by the School of Business Administration of South China University of Technology (SCUT) and granted exemptions for totally 12 credits.

All these pathways are for Fellows to escalate to new heights.

Taking Your Career in the Right Direction

The encompassing Chartered Financial Practitioner programme arms practitioners with the insurance and financial planning know-how indispensable for serving clients and the public at professional standards. It prepares practitioners for greater personal development and career goals. From the programme, practitioners gain, and so do the industry and the public.

Graduates of the program are awarded the Chartered Financial Practitioner professional designation - the symbol of expertise in insurance and financial planning. However they advance their careers, the unique Chartered Financial Practitioner programme and the extensively recognized professional designation help them along their paths.

General enquiries

To learn more about how the Chartered Financial Practitioner Programme can benefit you, please contact:
The Life Underwriters Association of Hong Kong Limited
Enquiry Hotline : 2570 2256
Email : info@luahk.org
Web site : www.luahk.org

Sponsoring Companies

Forms Download

Form Application for Examination Application for Exemption Application for Conferment 2010 Summer Examination Schedule

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