Chapter 4: MPF Trustees
MPF Intermediaries Examination · Chapter 4: MPF Trustees
Under trust law, what is the legal position of an MPF scheme trustee in respect of the trust assets?
Why: Per Study Notes 4.1.1, a trustee is the registered owner of trust property but not the beneficial owner. The trustee merely holds the assets on trust and cannot dispose of or benefit from them except as permitted by the trust deed. Option A is wrong because the trustee is not the beneficial owner. Options C and D contradict basic trust-law concepts.
Which of the following is NOT a fiduciary duty of an MPF trustee?
Why: Study Notes 4.1.2 expressly requires trustees to act in the interest of beneficiaries, not their own. Option C violates this core fiduciary principle. The other three options correspond to items (a), (e) and (d) of 4.1.2 respectively.
The full app is now available
More practice questions, mock exams and progress analytics.
Independent study aid. Not affiliated with or endorsed by the Mandatory Provident Fund Schemes Authority (MPFA) of Hong Kong.
© 2026 Sai Chun Christopher Tang. All rights reserved.