The Insurance and Financial Practitioners Association of Singapore (IFPAS) is proud to introduce the Associate Financial Consultant (AFC) designation.
The new professional designation, AFC, identifies the growing pool of financial services practitioners who have responded to the evolving needs of the public by undergoing paradigm evolution themselves.
Why the Associate Financial Consultant Designation?
We have observed a major evolution in the financial services industry. Existing financial products are increasingly combined for better appeal to customers. New hybrid products are being introduced. Consumers' demand for more sophisticated insurance and investment instruments is growing.
Suitably, only financial services practitioners who are attuned to the changes and have learned sophisticated financial tools can effectively meet their clients' specific demands.
This new designation promptly responds to this major evolution and aims to meet the needs of this breed of financial services practitioners. A series of courses and seminars will be conducted for holders of this designation giving them the opportunity to upgrade their knowledge both in insurance and other important related areas so that sophisticated and discerning clients can be better serviced.
Who is the Associate Financial Consultant?
The Associate Financial Consultant:
- Is a practitioner who is well versed in the fundamentals of financial planning.
- Is a knowledgeable and well-informed practitioner who provides each client with a customised professional financial planning service.
- Adheres to a rigorous and quality continuing education programme to keep abreast of the latest developments in the financial planning arena.
- Is well informed on legislation surrounding financial planning and is able to give sound advice under any given legal environment.
- Abides by a stringent Professional Code of Ethics and Conduct to ensure that the client is accorded a high standard of professional advice and service.
Regulated Use of the Professional Designation.
IFPAS is the Association for Insurance and Financial Practitioners.
It is also the body that enables and regulates the use of the professional designation Associate Financial Consultant (AFC)
Established more than twenty years ago, the Association is a non-profit making, voluntary organisation committed to safeguarding the interests of both its members and the insuring public. It strives for the betterment of the field force for the benefit of policyholders and is a leading advocate of professionalism, ethical practices and continuing education. Over the years, IFPAS has served as a leader to its members helping them to adapt to the many changes that have significantly transformed the marketplace.
Using the AFC Designation
Holders of the Associate Financial Consultant designation may use the initial AFC after their names. Approved applicants may use the designation upon official notification from IFPAS.
Continuing Education Credits for Associate Financial
Consultants
Kindly note that attendance to an Ethics/ Best Practice related programme is mandatory for your first renewal only. 10 CPD hours (Skill-based) are required for the yearly renewal.
IFPAS encourages holders of the AFC designation to pursue the Fellow Chartered Financial Practitioner (FChFP) designation. The course of study to attain the FChFP designation is considered the ultimate professional development for insurance and financial practitioners.
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