第4部份：MPF 受託人

Q1 免費 Free

根據信託法，強積金計劃的受託人對信託資產的法律地位是甚麼？

Under trust law, what is the legal position of an MPF scheme trustee in respect of the trust assets?

• A. 受託人是信託資產的實益擁有人，可自由處分。
• B. 受託人是信託資產的登記擁有人，但並非實益擁有人。
• C. 受託人與信託資產完全無關，只負責行政工作。
• D. 受託人與受益人共同擁有信託資產的實益權益。

• A. The trustee is the beneficial owner and may freely dispose of the assets.
• B. The trustee is the registered owner but not the beneficial owner.
• C. The trustee is wholly unconnected with the assets and only handles administration.
• D. The trustee and beneficiaries are joint beneficial owners of the assets.

顯示答案 / Show Answer

正確答案 / Correct Answer: B

• 根據《學習筆記》4.1.1 段，受託人是信託財產的登記擁有人，但並非實益擁有人；其僅以信託形式持有資產，不能私自處分或從中獲益（除信託契據另有規定外）。
• 選項 A 錯誤，因為受託人並非實益擁有人，不可自由處分；選項 C 與 D 亦不符合信託法基本概念。

• 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.

Q2 免費 Free

以下哪一項並非強積金受託人的受信責任？

Which of the following is NOT a fiduciary duty of an MPF trustee?

• A. 以受益人整體利益為依歸行使酌情權。
• B. 確保資產獲明智及妥善的投資。
• C. 為自身利益最大化而管理基金。
• D. 保存妥善及充分的帳目及記錄。

• A. Exercise any discretion in the interests of beneficiaries as a whole.
• B. Ensure assets are wisely and properly invested.
• C. Manage the fund to maximise the trustee's own interest.
• D. Keep proper and adequate accounts and records.

顯示答案 / Show Answer

正確答案 / Correct Answer: C

• 《學習筆記》4.1.2 段明確列出受託人須以受益人利益（而非自身利益）行事，因此選項 C 違反受信責任的核心原則。
• 其餘三項均為 4.1.2 段所列受信責任，其中 A、B、D 對應 (a)、(e)、(d) 各項。

• 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.