Singapore’s financial advisory professionals have a new opportunity to advance their careers with the High Net Worth (HNW) Certification and Fellow Chartered Financial Practitioner (FChFP) Certification now eligible for SkillsFuture Credit. This government initiative, aimed at promoting lifelong learning, allows eligible Singaporeans to offset course fees for approved programmes, including these two certifications.
The SkillsFuture Credit, which includes a base tier of $365 (S$500), is designed to encourage skills development. Additionally, a one-time top-up was provided in 2020 for those aged 25 and above, expiring at the end of this year. Both certifications are also eligible for up to 70% funding under the Institute of Banking and Finance Singapore (IBF) Standards Training Scheme, offering significant financial incentives for enrolment.
Delivered by the Insurance and Financial Practitioners Association of Singapore (IFPAS) and Kaplan Professional Australia, these courses are accredited under the Skills Framework for Financial Services. IFPAS President Ng Eng Beow stated, “At IFPAS, we believe in continuous professional development; this initiative makes it easier for professionals to invest in their education without financial barriers.”
Brian Knight, CEO of Kaplan Professional Australia, highlighted the courses’ popularity and their practical, client-centric focus. The FChFP Certification covers advanced financial advisory areas, whilst the HNW Certification targets wealth management for high-net-worth clients.
With intakes available in early 2025, these certifications offer a timely opportunity for professionals to enhance their skills and remain competitive in Singapore’s evolving financial landscape.
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