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, 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.
  • 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


Investment Planning and Basic Accounting
Fundamental Financial Planning and Applications
Asset Planning
Retirement Planning
Business Environment and Taxation
Principles and Law of Life Insurance


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




Investment Planning and Basic Accounting


The module provides students with general knowledge and basic concepts on investment, focusing on equities and fixed income securities investments. It informs students of the necessary foundation skills for securities analysis. Offering an overview on the financial accounting concepts, the module is designed to enable students to apply basic analytical tools in the interpretation of financial statements.


  • Overview on financial statements and the reporting process
  • Accounting concepts and principles
  • Introduction to the Hong Kong securities market
  • Fundamental analysis



Fundamental Financial Planning and Applications


The module prepares students for a broad understanding of the financial planning concepts. It facilitates students with the knowledge and practical skills for constructing, presenting and monitoring clients’ financial plans.


  • Financial planning process
  • Assessment of risk tolerance
  • Communication skills for client counseling
  • Ethics and professionalism in financial planning



Asset Planning


The module provides students with the background knowledge on the Hong Kong Estate Duty. It introduces various popular asset planning instruments, including offshore companies and family trusts.


  • Hong Kong probate process
  • Asset planning tools and process
  • Discretionary trust as an asset planning tool
  • Common problems in asset planning



Retirement Planning


The module, by offering an overview on retirement planning, inspires students’ understanding on how the retirement needs of the society can be better met.


  • Hong Kong environment for retirement
  • Planning strategies of the special groups
  • Compliance of retirement planners
  • Tax considerations



Business Environment and Taxation


The module, covering the economical, monetary, operational and ethical frameworks, informs students of the environment in which insurance businesses are operated in Hong Kong. The module introduces the Hong Kong taxation system, with emphasis on Profits Tax.


  • Economic environment
    • National Income and related concepts
    • Balance of Payment and exchange rates
  • Business environment
    • Organization structure of the Hong Kong Special Administrative Region government
    • Monetary and banking systems
  • Basis of the insurance industry ethics
  • Hong Kong taxation system



Principles and Law of Life Insurance


To provide an overview and understanding of the fundamental principles and practices relating to difference type of insurances. To provide an understanding of the place and relevance of risk management to the running of any organization, and the related legal principles.


  • Law of Agency
  • Principle of Insurable Interest
  • Principle of Utmost Good Faith
  • Insurance Warranty
  • Principle of Indemnity
  • Pricing Life Insurance Policy
  • Structure of Policies
  • Liability Insurance
  • Contractor’s Insurance


Approved Course Providers

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

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

    Tel : 2919 1569
    Email : This email address is being protected from spambots. You need JavaScript enabled to view it.

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


  • 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 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 emailed to each candidate five days prior to the examination date.

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:

(i) Education : an attendance record of 70% or higher and an average grade (the average of the Final Examination score and the grade of the Action Project) of at least 70% in the Chartered Financial Practitioner programme
(ii) Examination : a Final Examination score of 70% or higher in the Chartered Financial Practitioner programme
(iii) Experience minimum three years of full-time qualified work experience
(iv) Ethics : signing a statement agreeing to be bound by the Code of Ethics and Professional Responsibility
(v) Membership
maintenance of a valid membership of The Life Underwriters Association of Hong Kong
(vi) Conferment : payment of all fees for the conferment of 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.


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:

已考獲合格成績之科目 獲豁免之科目
LUTCF Retirement Planning (RP) Retirement Planning
CFP Retirement
HKU SPACE Higher Diploma in Business *Financial
LUTCF Fundamental of Estate Planning (EP) Asset Planning
LUTCF Passed in EPM and MCN with passed
IIQE Papers I & II
Principles and Law of Life
CFP Insurance
HKU SPACE Higher Diploma in Business *Financial
CFP Advanced in Financial Planning Fundamental Financial Planning
and Application
HKU SPACE Higher Diploma in Business *Financial Services)
CFP Investment Investment Planning and Basic
HKU SPACE Higher Diploma in Business *Financial

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 University of Wales.. Holders of the designation are eligible for admission to Wales’s 2-year MBA 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 : This email address is being protected from spambots. You need JavaScript enabled to view it.
Web site :


Forms Download

Application for Examination
Application for Exemption
Application for Conferment
2012 Autumn Examination Schedule
AChFP Leaflet
AChFP Enrolment Form
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