Singapore: HNW and FChFP Certifications now eligible for SkillsFuture Credit

Two highly-regarded courses for financial advisory professionals are now eligible for SkillsFuture Credit. The High Net Worth (HNW) Certification and Fellow Chartered Financial Practitioner (FChFP) Certification are delivered by the Insurance and Financial Practitioners Association of Singapore (IFPAS) and its international education partner Kaplan Professional Australia.

SkillsFuture Credit and IBF Funding

The SkillsFuture Credit is a Singapore government initiative aimed at encouraging individual ownership of skills development and lifelong learning. Eligible Singaporeans can use their SkillsFuture Credit to offset course fees for SkillsFuture Singapore Agency (SSG)-approved courses, such as the HNW Certification and FChFP Certification.

Both courses are approved for the Base Tier of the Initiative, where a SGD$500 opening SkillsFuture Credit is available. A one-time top-up was also provided to those aged 25 and above in 2020, which will expire at the end of the year.

The HNW Certification and FChFP Certification are also eligible for Institute of Banking and Finance Singapore (IBF) Standards Training Scheme (IBF-STS) funding up to 70 per cent. Both courses are accreditated by the IBF under the Skills Framework for Financial Services Level 2 and Level 3.

The HNW Certification explores managing wealth for the high-net-worth segment, with an emphasis on asset protection and wealth preservation and management strategies, family office and trust structures, market analysis, as well as behavioural finance and client engagement skills.

The FChFP Certification focuses on practical, client-centric solutions in financial advisory, covering advanced areas such as risk management, retirement and estate planning, and legacy planning.

Upskilling the Financial Advisory Sector

IFPAS President Ng Eng Beow said the inclusion of both the HNW Certification and the FChFP Certification under SkillsFuture Credit reinforces Singapore’s commitment to upskilling the financial advisory sector.

Mr Ng added, “At IFPAS, we believe in continuous professional development; this initiative makes it easier for professionals to invest in their education without financial barriers, ultimately raising the standards of financial advisory services in the country.

“With the financial advisory landscape evolving rapidly, professionals must equip themselves with specialised knowledge to cater to diverse clients – both courses offer practical, in-depth training that enhances credibility and career prospects.”

Kaplan Professional Australia CEO Brian Knight said both courses were invaluable for early and mid-career professionals looking to make their mark in Singapore’s competitive wealth management space.

Mr Knight said: “Both courses have proven to be popular since they were introduced, with individuals from over 30 corporate institutions having completed them – particularly benefiting from a peer-to-peer learning environment led by industry experts in a face-to-face setting.

“Those who complete the FChFP Certification will earn the FChFP designation awarded by the Asia Pacific Financial Services Association (APFinSA) and recognised by its nine-member countries; the Certified HNW Adviser designation is highly revered for its ability to build a solid reputation, gain client trust, and stay competitive in Singapore’s HNW sector.”

For more information on HNW Certification, visit: https://hnwcertification.com/

For more information on FChFP, visit: https://www.kaplanprofessional.edu.au/fchfp/singapore/

About IFPAS
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 its members to advance the financial advice profession’s social contribution and positively shape consumers’ perceptions of the financial services industry.

https://www.ifpas.org.sg/

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.

For more information, please visit: www.kaplanprofessional.edu.au

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