In recent years, TDCC has complied with the Authority’s multiple policy promotions such as Capital Market Roadmap and Corporate Governance Roadmap. The company has adopted innovative, resilient, and sustainable operational strategies and provided 360-degree services for the fund market. The services include FundClear for information disclosure, dematerialized registration and custody for issuance, Information Transmission Platform and Fund Trading Platform for trading. Moreover, the company collaborated with FundRich to promote the Relife Program and the Pension Platform, offering the fund market a one-stop service covering the front, middle, and back offices.
The transparent and open fund information, along with education and promotion for investors, represents TDCC’s practical action in implementing financial inclusion. On the other hand, the optimization of FundClear and the Pension Platform established in compliance with Capital Market Roadmap are the essential measures to realize financial inclusion.
Constructed in 2005, FundClear has become one of the major decision support tools for fund investors before they make investment. Next year, the platform will undergo a thorough revision. In addition to using one-stop services to meet investors’ requirements for onshore and offshore funds information and improving the user interface, TDCC plans to build an even more comprehensive ESG fund disclosure area, financial inclusion literacy area, and fund information exchange center. Especially in the literacy area, TDCC intends to cooperate with its subsidiary, FundRich, to disseminate fund financial management education as well as promote correct concepts of fund investment and the importance of the long-term, disciplined systematic investment plan in pension accumulation.
Moreover, to raise citizens’ awareness of autonomous retirement planning, the Financial Supervisory Commission mandated TDCC to initiate the Pension Platform in September 2021. According to TDCC’s data, the Relife Program, all citizens’ experimental retirement project that opened limited subscription during successive two years, has reached 24- month maturity. The retention rate of the program is still at almost 90%, the number of subscribers is nearly 65,000, and the total amount of monthly subscriptions has reached NT$ 580 million. Following the Relife Program, the Pension Platform already has over 20,000 participants in less than one year by August 2022. The total amount of monthly subscriptions has reached NT$ 140 million. The total number of subscribers of these two projects has exceeded 85,000, and the total amount of monthly subscriptions has reached NTD$ 720 million. This indicates that a growing number of citizens have valued the long-term, disciplined systematic investment plan for pension accumulation and already started their retirement preparation.
Adhering to the philosophy of sustainable development and contribution to investors, TDCC has long been devoted to charity, promoting financial literacy and implementing financial inclusion through practical actions. In the future, TDCC will still harbor “altruism and the common good” as the core concept and be dedicated to the fund market. The company will also form partnerships with domestic fund-related institutions and realize financial inclusion through collective effort and action. In the next three years, TDCC’s five major action plans are as follows:
1. Building a standardized and automated market mechanism
As the hub of the fund ecosystem, TDCC plans to build a centralized settlement platform for onshore funds, turning the many-to-many data and payment flows between investment trust companies and distributors into many-to-one (settlement platform), and one-to-many forms. Through centralized processing as well as consolidated receipt and payment, the company will gradually reform the fund market in the direction of standardization, automation, and increased efficiency.
2. Strengthening FundClear user interface and information depth
With the responsibility of receiving reports and making announcements to the market, FundClear will be upgraded and include a user-friendly user interface focusing on areas and themes. There will also be Information Center and Literacy Center; this one-stop method can satisfy investors’ needs to learn about onshore and offshore funds.
3. Further promoting fund financial management literacy
TDCC and its subsidiary, FundRich, will cooperate and promote fund financial management literacy. From the perspective of financial inclusion and public welfare, the companies will promote disciplined systematic investment plan and make the importance of correct investment and pension preparation deeply root in younger generations’ minds.
4. Assisting supervision and improving market development
through fund data analysis Through big data analysis, the Authority can keep updated with the market in real time. This effectively benefits business development and risk management; also, investor protection can be fortified. The Authority can grant approval for new products or business to accelerate the growth of the whole fund market.
5. Keeping holding charitable events and realizing financial inclusion
Playing charitable roles, TDCC and its subsidiary, FundRich, promoted the Realife Program in 2019 and 2020, successfully leading an unprecedented retirement financial management trend. In September 2021, the Pension Platform followed and launched the charitable program, Enjoyable Aging; NT$ 12 million charitable donations were contributed last year, and NT$ 17 million was given out this year. Also, multiple social welfare events have been launched this year. These events will continue to take place in the future. This is TDCC’s duty and promise regarding ESG, and both TDCC and FundRich will be devoted to promoting charity. The companies hope to get the ball rolling and encourage more corporations to follow suit so that everyone can enjoy a carefree retirement lifestyle.
TDCC’s mission is to serve as the hub of the fund market. The company sticks to the philosophy of altruism and the common good and promotes financial inclusion. Combining the power of digital technology and data, TDCC meets the Authority’s needs for supervision and improves market development. Under the leadership of the Authority, TDCC’s innovation, resilience, and sustainability will bring about further development of the fund market.
