In the execution phase of the occupational annuity fund operation, the supervision of the trustee on account manager, custodian and investment manager is an important guarantee for the fund¡¯s safe operation and value maintenance and appreciation. As the trustee of the occupational annuity, Taiping Pension will strictly fulfill the supervisory duty of a trustee, oversee whether the parties concerned act prudentially at a high professional standard when fulfilling their duties, whether their procedures are reasonable, whether information is communicated timely, thoroughly, and accurately, whether the reporting system is sound and whether professional ethics and professional integrity are adhered to.

The purpose of supervision

1. The objective of legitimacy and compliance: Service providers shall meet the requirements of the Ordinances 20 and 23 of the Ministry of Human Resources and Social Security and the relevant occupational annuity policies and regulations.

2. The objective of prudence and diligence: Occupational annuity management institutions shall act prudentially at a high professional standard when fulfilling their duties.

3. The objective of maximizing the interests of the beneficiary: Core aim of all operational services that are offered must be the maximization of beneficiaries¡¯ interests.

The method of supervision

1. Off-site supervision and inspection: Including routine supervision and inspection, regular reports, special reports and emergency reports etc.

2. On-site supervision and inspection: The inspection personnel have right to check up on the information and data concerning the client¡¯s annuity fund assets.

3. Annual audit: According to regulatory requirements, engage an independent accountant to audit the annual financial accounting reports at the end of each year.