A Need for a Common Designation
The Fellow Chartered Financial Practitioner (FChFP) designation
has been adopted as a common professional designation
by the 11 professional member associations of APLIC being
Australia, Hong Kong, India, Japan, Macau, Malaysia, New
Zealand, Philippines, Singapore, Taiwan and Thailand in
May 2001. The objective is to offer recognition and certification
of employment to skilled professionals in the insurance
and financial industry across the Asia Pacific region.
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SDF Subsidy
Module 1, 2, 3, 4, 5, 6: $192 (28 hours lecture)
What is the FChFP Designation?
The FChFP Certification is a formal professional endorsement
of a financial practitioners' skills and knowledge in
financial planning.
The FChFP is a response to the informational and practical
needs of financial planners and advisors across the industry
spectrum, from insurers and bankers to accountants.
What is the objective of the FChFP Designation?
RAISE STANDARDS OF PROFESSIONALISM
To raise the level of professionalism of financial practitioners
through an industry-wide certification to a level comparable
with those of other financial professionals
PROMOTE HIGH STANDARDS OF EXCELLENCE
To set a high industry standard of quality and knowledge
OFFER RECOGNITION TO SKILLED PROFESSIONALS
To become a recognised certification of employment within
the financial industry across the Asia Pacific region
What is the benefit to the Industry?
Breadth of Professional Scope: Serves the full spectrum
of the financial industry, including: insurance, banking,
wealth management, stock broking
Breadth of Technical Scope: Covers full range of financial
planning disciplines
Encompasses Regulatory Environment: Addresses the latest
industry laws and guidelines of 11 APLIC countries
Mobility: Facilitates regional job mobility across the
11 Member countries
What is the benefit to the Consumer?
1. Conversion Course
Designatory holders of CFA, CPA, CLU, ChFC, CFPCM, FLMI,
MBA in Financial Services and Degree in Financial Planning
are required to attend a 2/5 days non-examinable conversion
course which runs over a window period of 2 years and
will end in December 2005.
2. Modular Course
The minimum entry requirement for enrolment in the FChFP
programme is:
" 4 GCE 'O' Levels
3. Experience Requirement
To be awarded the FChFP designation, candidates must also
have three years of full time business experience in financial
services related industries preceding the date of the
designation. The three-year period must immediately precede
the date of the award. An undergraduate/graduate degree
from an accredited education institution is recognised
as one year of business experience. When using formal
education as qualifying experience, the remaining two
years must immediately precede the date of the award.
4. Continuing Education Credit Points Requirement
To maintain the designatory title, FChFP holders are required
to earn at least 30 CE credit points over a period of
2 years. Designees must earn CE credit points per reporting
period from educational activities in acceptable subject
matter areas.
5. Ethics Requirement
Candidates who successfully completed the required FChFP
courses amd the necessary ethical requirements will be
entitled to use the designatory title of FChFP upon approval
for the application for the designation practicing outside
Singapore would however, need to indicate to their clients
that their studies have been based on Singapore laws.
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COURSE MODULES (MOD.) & EXEMPTIONS
MOD.1: Fundamentals of Investment and Financial Planning
" Exemptions given to AFC/AFP.
MOD.2: Estate Planning & Planning for Business Owners
" Exemptions given to LUTCF/ChFC-HS331 Planning for
Business Owners and Professionals.
MOD.3: Risk Management & Legal Aspects
" Exemptions given to Diploma in Life Insurance/ChFC-HS323
Individual Life Insurance/CFP-Module 2 Risk Management
and Insurance Planning.
MOD.4: Investment Planning
" Exemptions given to ChFC-HS328 Investments/CFP-Module
4 Investment Planning.
MOD.5: Retirement Planning & Tax Concept
" Exemptions given to CFP-Module 3 Tax Planning and
Estate Planning & CFP-Module 5 Retirement Planning.
MOD.6: Financial Planning Applications
" Exemptions given to ChFC-HS332 Financial Planning
Applications.
Candidates with other qualification(s) whose standards
are deemed equivalent to that of the FChFP may apply to
the IFPAS for exemption consideration. Partial qualification
will not qualify for exemption consideration.
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Should you have any
enquiries, please kindly contact our course provider,
Professional Education & Consultany at 6333 8755 or
email: peac@starhub.net.sg
Alternatively, you may log on www.peconsultancy.com
for more details
Other Qualifying Requirements to
be a FChFP
How to Register for Examinations
Examination will be registered concurrently with the modular
courses with the course provider, Professional Education
and Consultancy, 150 Orchard Road, #08-18 Orchard Plaza,
Singapore 238841.
Changes
The IFPAS reserves the right to make any changes to the
FChFP as and when it considers desirable and appropriate.
The IFPAS's decision is final.
