Retirement Planning Certification Programme (RPCP)

The Retirement Planning Certification Programme (RPCP) is an advanced course tailored for financial planning practitioners. It provides comprehensive knowledge of TAP schemes, with a particular emphasis on the Skim Persaraan Kebangsaan (SPK). Participants will be equipped to integrate this specialised knowledge into their retirement planning consultations, enhancing their professional practice in real-life scenarios of their clients.

RPCP is a programme specifically designed for financial planning practitioners to acquire comprehensive knowledge of TAP and its schemes. This includes the preferred methodologies for developing clients' retirement plans, particularly in the context of SPK.

TAPᶜᴱᴿᵀ is the credential awarded to participants upon successful completion of the programme. This certification accredits them by TAP to provide accurate and reliable information on TAP schemes, as well as to assist in the development of their clients’ retirement plans.

The objectives of RPCP are to: 

  1. Enhance skills in retirement planning, particularly in the context of SPK.
  2. Ensure information provided by financial planning practitioners is accurate and reliable.
  3. Increase public awareness of the importance of retirement planning.

With TAPᶜᴱᴿᵀ designation, the public can have confidence in seeking retirement planning advice, particularly in the context of SPK, from these accredited professionals.

a. Ensure TAPᶜᴱᴿᵀ holders remain updated with the latest information on TAP schemes, practices, and products via exclusive information sharing or through refresher course(s).

b. Display of acknowledged and verified TAPᶜᴱᴿᵀ holders (details) on official TAP public online social media sites and platforms - accredited professionals for retirement planning consultations.

This programme is designed for financial planning practitioners who are actively engaging with clients and/or the public in financial literacy awareness. Financial planning practitioners that can participate in the programme are as follows:

a. Financial Planning Practitioner: Individuals or from a financial institution. 

b. Accredited financial planners: Certified Financial Planners (CFP), Associate Financial Planners (AFP), Associate Wealth Planners (AWP), participants who have passed their Financial Planning Practitioner Program (FPPP with BILIF). 

c. Employees from local financial institutions: For example, employees working in banks or insurance companies. 

d. Other certifications: Subject to approval by the RPCP committee.

Enrollment fee

Individual: $650.00

Corporate: $550.00

Yearly TAPᶜᴱᴿᵀ renewal fee for both categories: $50.00

Where can I get further information on this program? 

For more information, interested individuals may contact TAP via email at retirement.advisory@tap.com.bn.

This programme will be conducted in three (3) cycles per year. TAP will disseminate registration information through digital platforms, including the TAP website and social media channels.

Yes, TAPᶜᴱᴿᵀ accreditation remains valid for one year once they have passed the examination. The accreditation must be renewed annually with a fee of $50. This policy ensures that accredited practitioners remain up-to-date with the latest developments, maintain high standards of practice, and comply with current regulations and guidelines. The renewal process encourages continuous professional development and fosters commitment to excellence and quality in their work as retirement planners.

The course spans four (4) days, comprising six (6) modules, followed by a 2.5-hour examination on the fifth day. To earn the TAPᶜᴱᴿᵀ certification, participants must complete ALL classes and pass the examination.

Participants who fail the examination may retake the exam in the next cycle. The retaking fee is $150.00 for both corporate and individual.

No, the retaking fee applies solely to the examination. If the participant would like to attend the course, they must register at the original prescribed rate. 

Note: The original prescribed rate includes the examination.

TAPᶜᴱᴿᵀ professionals are encouraged to attend the refresher course to ensure the consistency of information on retirement planning, particularly in the context of SPK.

Where participants have registered and make full payment of the course: 

  1. A full refund can be requested when the cancellation is made 10 days before the program starts.
  2. 10% fee will be deducted from any refund where the cancellation is made less than 10 days before the program starts. 
  3. Alternatively, under certain circumstances, participants also have the option to defer their registration to a future course.

The grace period to renew your TAPᶜᴱᴿᵀ is 3 months. During the grace period, you can still renew your certification to avoid potential late fees. 

After 3 months, you may need to undergo the reinstatement process, which might involve additional fees and requirements.

RPCP is a program on retirement planning in the context of TAP and SPK, it is a local certification.