The Insurance and Financial Practitioners Association of Singapore (IFPAS) has partnered with its international education partner and course developer, Kaplan Professional Australia, to launch the new Fellow Chartered Financial Practitioner (FChFP) Certification in Singapore.
The programme has been accredited by the Institute of Banking and Finance (Singapore) (IBF) under the IBF Skills Framework for Financial Services Level 2 and Level 3.
Individuals who complete the programme will be awarded the FChFP designation by the Asia Pacific Financial Services Association (APFinSA) – the largest financial services council in the Asia-Pacific, comprising nine member countries.
The programme was developed with significant input from experienced local and international industry practitioners. The client-centred design of the FChFP Certification will enable financial practitioners to further develop emotional intelligence and interpersonal skills to authentically communicate financial advice in a way that their clients can relate to.
Financial practitioners will also enhance their understanding of behavioural finance and investor psychology, helping them to build rapport and empathise with their clients to empower them to make better financial decisions.
IFPAS President Mr Sim Willing said: “The FChFP Certification is not just a symbol of achievement; it is a mark of excellence that will elevate financial practitioners’ careers to new heights. With the financial industry’s continual evolution, staying ahead of the curve is paramount; the FChFP Certification provides financial practitioners with the knowledge and skills needed to excel in their current role, while positioning for exciting career advancement opportunities.
“As we launch the new FChFP Certification in Singapore, let us collectively embrace this opportunity to raise the bar, and contribute to the continued growth and success of our profession.”
IFPAS Vice President of Education Mr Tan Seng Chuan said with Singapore leading the way in wealth management, financial practitioners play an important role in helping clients to achieve their financial goals.
“In an ever-changing financial landscape, it is paramount that financial practitioners continue to upskill and deepen their technical knowledge and skills. With the launch of the new FChFP Certification, we hope to equip financial practitioners with the knowledge, skills and experience to effectively navigate the intricacies of financial planning, investment management and client relationships to add more value to their clients.”
Kaplan Professional Australia CEO Mr Brian Knight said Singapore, and Asia-Pacific more widely, has become a global wealth hub. This upward growth has fuelled demand for highly skilled financial practitioners who are not only equipped to help their clients achieve their financial goals but also to extract multiple opportunities from current sector trends.
“With international recognition from all of APFinSA’s nine-member countries, the FChFP Certification demonstrates financial practitioners’ ability to uphold APFinSA’s rigorous competencies and dedication to best-practice standards,” he said.
About the Fellow Chartered Financial Practitioner (FChFP) Certification
Qn: How long does it take to complete the FChFP programme?
The FChFP Certification takes between six to 12 months to complete, with the expectation that most participants should be able to complete the programme in six months.
Qn: How many subjects are there in FChFP?
It consists of five core subjects:
- FChFP1: Principles of Financial Planning
- FChFP2: Wealth Creation and Retirement Planning
- FChFP3: Estate and Succession Planning
- FChFP4: Personal and Business Insurance
- FChFP5: Client Engagement and Financial Planning Practice
Qn: What is the format of the FChFP programme delivery?
The programme encompasses face-to-face and online components in a peer-to-peer learning environment. Lectures are delivered in-person by industry experts and are complemented by online resources, case studies and access to international academic libraries and industry publications.
Qn: How many intakes are there for the FChFP programme? Is there any grant available?
There are five annual intakes and corporate cohorts are welcome. The FChFP Certification is approved for IBF-STS enhanced funding for eligible students and has been accredited by the IBF under the Skills Framework for Financial Services. This means those who commence the programme between 1 January 2024 to 31 December 2024 can take advantage of funding of between 50 to 70 percent per subject.
Pathway to High Net Worth Certification
On completion of the FChFP Certification, financial practitioners will also be eligible for a pathway into the High Net Worth Certification to further enhance their value proposition to high-net-worth individuals.
FChFP registration opens now
To celebrate the launch, the SGD $300 registration fee will be waived for financial practitioners who enrol in the first intake of the programme. The first intake of the FChFP Certification starts on 11 March and enrolments are open now.
For more information, visit https://www.ifpas.org.sg/fellow_chartered.html
Since 1969, the Insurance and Financial Practitioners Association of Singapore (IFPAS) has been the leading professional association for financial advisers. IFPAS represents the interests of its members on legislative, regulatory and policy-related matters. IFPAS’ role is to advocate, innovate and inspire on behalf of itss members to advance the financial advice profession’s social contribution and positively shape consumers’ perceptions of the financial services industry.
About Kaplan Professional Australia
Kaplan Professional Australia is a leading provider of financial services education. Delivering services to over 45,000 industry professionals each year, Kaplan Professional Australia is at the forefront of practical and relevant education in the country. Kaplan Professional Australia’s progressive and customer-focused approach has cemented our reputation as the trusted corporate partner to many major institutions in Australia and Asia-Pacific.