Integrating CPF Schemes into Retirement Planning
This module provides a comprehensive understanding of the Central Provident Fund (CPF) and its pivotal role in effective retirement planning. Participants will delve into the intricacies of CPF schemes and services, gaining insights into CPF OA/SA/MA/RA, Protection Schemes, Asset Enhancement, Nomination, Retirement, and Education Schemes.
Participants will be able to identify potential gaps within these schemes for various clients and offer suitable insurance and investment solutions. By the end of the module, participants will adeptly develop sales propositions for retirement, risk management, and education planning, setting the stage for a solid foundation in holistic retirement planning strategies.
In Module 1, participants will have a comprehensive understanding of the Central Provident Fund (CPF) and the various schemes and services available.
a) Understand the various CPF schemes and services.
a. Overview of CPF OA/SA/MA/RA
b. Understand CPF Protection Schemes
c. Understand Asset Enhance Schemes
d. Understand CPF Nomination Schemes
e. Understand Retirement Schemes
f. Understand the Education Scheme
b) Identify potential gaps these schemes might present different clients and provide suitable insurance and investment solutions to manage them.
a. Topping up to CPF via RSTU / up to FRS and its potential pitfall
b. Investing directly in CPFIS vs investing with the bank
c) Develop sales propositions for retirement, risk management and education planning.
4 (including 0.5 hour MCQ Assessment). Upon completion of this program, you will be awarded the Certificate of Completion and 4 non-core CPD Training Hours.
Financial Planning Professionals, Bank Relationship Managers and Insurance Specialists, Insurance Agents
$350 before GST
This program is IBF-FTS recognised and is eligible for funding under the IBF-FTS scheme.
James Y. Zou CFP® IBFA Certified Family Office Adviser