Trusted Financial Practitioner TrFP® Awards 2025
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Introduction about the Awards
In the dynamic landscape of financial services, trust and quality are paramount. The Insurance and Financial Practitioners Association of Singapore (IFPAS) recognizes this critical need and is proud to launch the Trusted Financial Practitioner® (TrFP®) Awards once again—following a successful inaugural year, the TrFP® Award returns for its second year, continuing to set a new benchmark of excellence and professionalism for qualified Financial Consultants.
The TrFP® Award stands apart from conventional recognitions by aligning closely with Singapore’s regulatory expectations, emphasizing the essential elements of trustworthiness and the high standards upheld across the industry. With a rigorous and holistic selection process, the TrFP® Award is not solely based on production metrics like first-year commission. Instead, it evaluates candidates across a range of criteria designed to uphold exceptional service, strong ethics, and meaningful client relationships.
What truly distinguishes the TrFP® Award is the level of endorsement it requires from industry leaders. Recommendations by awardees’ company heads or C-suite executives add an authoritative layer of validation—attesting not only to the consultant’s performance but also to their character and integrity. Complementing this are testimonials from clients, which highlight the real-world trust and positive impact these Financial Consultants have established.
Continuous learning and professional development remain core tenets of the TrFP® Award. Recipients are expected to consistently upgrade their knowledge and capabilities to stay ahead of industry trends and provide clients with expert, personalized financial guidance.
The TrFP® Award is more than just a recognition—it’s a professional commitment to excellence, integrity, and client-centricity. IFPAS is proud to champion this initiative for a second consecutive year, reinforcing the importance of building trust and long-term value in every financial journey.
Qualifying for the TRFP Awards 2025:
TrFP® Award - Individual Category
Activity Criteria
The TrFP® Awardee must be an active IFPAS Member. Membership reflects a commitment to ongoing professional development, ethical conduct, and adherence to industry best practices. To verify your membership status, simply send a WhatsApp message to +65 96234326.
The TrFP® Awardee must have achieved a minimum First-Year Commission (FYC) of $36,000 in the year 2025. This demonstrates the ability to effectively promote financial solutions and serve clients’ needs through comprehensive insurance planning.
[will be endorsed by Company]
The TrFP® Awardee must have incepted at least 24 cases in 2024. This indicates strong client engagement, needs-based selling, and a consistent track record in providing tailored financial advice.
[will be endorsed by Company]
Quality of Business
A minimum persistency rate of 90% is required. This highlights the Awardee’s dedication to building long-term client relationships and delivering solutions that are sustainable, relevant, and well-serviced throughout the policy lifecycle.
[will be endorsed by Company]
Testimonials & Endorsements
The TrFP® Awardee must provide a minimum of three client testimonials, reflecting real-world trust, service excellence, and positive impact. These testimonials will be reviewed and verified by the judging panel.
Compliance & Mandatory Scorecards
The TrFP® Awardee must have no prior or pending compliance issues in 2024. This reflects strict adherence to industry regulations and commitment to ethical practices that protect client interests.
[will be endorsed by Company]
Awardees must have achieved Balanced Scorecard (BSC) Grade A for all four quarters of 2024. This recognizes consistent excellence in meeting performance targets, service quality, and professionalism.
[will be endorsed by Company]
Awardees must hold an ICC Band 1 rating for all four quarters of 2024. This affirms high standards of conduct, culture, and consumer trust in their advisory services.
[will be endorsed by Company]
Activity Criteria
The TrFP® Awardee must have completed at least one financial certification module in 2023 or 2024. Accepted certifications include:
- Certified High Net Worth (HNW) Adviser
- Fellow Chartered Financial Practitioner (FChFP)
- Chartered Financial Consultant (ChFC)
- Chartered Life Underwriter (CLU)
- Wealth Management Institute (WMI) Certification
- Or any other recognized financial professional course
TrFP® Award - Individual Category
The TrFP® Awardee must be an active IFPAS Member.
To verify your membership status, simply send a WhatsApp message to +65 96234326.
To qualify as a TrFP® Awardee, the applicant must have achieved a minimum First-Year Commission (FYC) of $36,000 in the year 2024. This demonstrates the ability to effectively promote financial solutions and serve clients’ needs through comprehensive insurance planning.
This requirement must be endorsed by the applicant’s company and will be considered fulfilled upon submission of the TrFP Company Endorsement Form [2025].
To qualify as a TrFP® Awardee, the applicant must have incepted at least 24 cases in 2024. This indicates strong client engagement, needs-based selling, and a consistent track record in providing tailored financial advice.
This requirement must be endorsed by the applicant’s company and will be considered fulfilled upon submission of the TrFP Company Endorsement Form [2025].
To qualify as a TrFP® Awardee, the applicant must have maintained a minimum persistency rate of 90% as of 31 December 2024. This highlights the Awardee’s dedication to building long-term client relationships and delivering solutions that are sustainable, relevant, and well-serviced throughout the policy lifecycle.
This requirement must be endorsed by the applicant’s company and will be considered fulfilled upon submission of the TrFP Company Endorsement Form [2025].
To qualify as a TrFP® Awardee, the applicant must have maintained a clean compliance record over the past 3 years (2022 ,2023, 2024). This reflects strict adherence to industry regulations and commitment to ethical practices that protect client interests
This requirement must be endorsed by the applicant’s company and will be considered fulfilled upon submission of the TrFP Company Endorsement Form [2025].
To qualify as a TrFP® Awardee, the applicant must have achieved Balanced Scorecard (BSC) Grade A rating for the full year of 2024. This recognizes consistent excellence in meeting performance targets, service quality, and professionalism.
This requirement must be endorsed by the applicant’s company and will be considered fulfilled upon submission of the TrFP Company Endorsement Form [2025].
To qualify as a TrFP® Awardee, the applicant must have held ICC Band 1 rating for the full year of 2024. This affirms high standards of conduct, culture, and consumer trust in their advisory services.
This requirement must be endorsed by the applicant’s company and will be considered fulfilled upon submission of TrFP Company Endorsement Form [2025].
To qualify as a TrFP® Awardee, the applicant must have completed at least one financial certification module in the last three years.
Accepted certifications include:
- Certified High Net Worth (HNW) Adviser
- Fellow Chartered Financial Practitioner (FChFP)
- Chartered Financial Consultant (ChFC)
- Chartered Life Underwriter (CLU)
- Wealth Management Institute (WMI) Certification
- Or any other recognized financial professional course
These documents will be reviewed and verified by the judging panel.
This requirement must be endorsed by the applicant and will be considered fulfilled upon submission of supporting documents to our application form.
To qualify as a TrFP® Awardee, the applicant must provide a minimum of three client testimonials, reflecting real-world trust, service excellence, and positive impact.
These testimonials will be reviewed and verified by the judging panel.
This requirement must be endorsed by the applicant and will be considered fulfilled upon submission of the TrFP Client Endorsement Form [2025].
TrFP® Award – Leadership Category
The TrFP® Awardee under the Leadership Category must be an active IFPAS Member.
To verify your membership status, simply send a WhatsApp message to +65 96234326.
To qualify as a TrFP® Awardee under the Leadership Category, the applicant must have maintained a team persistency rate of 90% as of 31 December 2024.
This requirement must be endorsed by the applicant’s company and will be considered fulfilled upon submission of the TrFP Company Endorsement Form (Leadership Category) [2025].
To qualify as a TrFP® Awardee under the Leadership Category, the applicant must have maintained a clean compliance record over the past 3 years (2022 ,2023, 2024). This reflects strict adherence to industry regulations and commitment to ethical practices that protect client interests.
This requirement must be endorsed by the applicant’s company and will be considered fulfilled upon submission of the TrFP Company Endorsement Form (Leadership Category) [2025].
To qualify as a TrFP® Awardee under the Leadership Category, the applicant must have attained a BSC Supervisor grading of at least “Good” (Grade B).
This requirement must be endorsed by the applicant’s company and will be considered fulfilled upon submission of the TrFP Company Endorsement Form (Leadership Category) [2025].
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To qualify as a TrFP® Awardee under the Leadership Category, the applicant must have completed at least one financial certification module in the last three years.
Accepted certifications include:
- Certified High Net Worth (HNW) Adviser
- Fellow Chartered Financial Practitioner (FChFP)
- Chartered Financial Consultant (ChFC)
- Chartered Life Underwriter (CLU)
- Wealth Management Institute (WMI) Certification
- Or any other recognized financial professional course
These documents will be reviewed and verified by the judging panel.
This requirement must be endorsed by the applicant and will be considered fulfilled upon submission of supporting documents to our application form.
TrFP® Leadership Award – Gold
This award is applicable for leaders who have 3 awardees in his/her team and meets the qualification requirements set above.
TrFP® Leadership Award – Platinum
This award is applicable for leaders who have 6 awardees in his/her team and meets the qualification requirements set above.
TrFP® Leadership Award – Diamond
This award is applicable for leaders who have 9 awardees in his/her team and meets the qualification requirements set above.
TrFP® Award 2025 - Leadership Category
- “TrFP® Leadership Award – Gold” if he/she has 3 awardees in his/her team and meets the qualification requirements set above.
- “TrFP® Leadership Award – Platinum” if he/she has 6 awardees in his/her team and meets the qualification requirements set above.
- “TrFP® Leadership Award – Diamond” if he/she has 9 awardees in his/her team and meets the qualification requirements set above.
Event Details
The TrFP® Awards 2025 ceremony will take place on 11 September 2025. The time and venue will be announced soon.
Awardees attending the ceremony are entitiled to a complimentary seat for the event. If you will be bringing additional guest/s for the ceremony, an additional SGD128 on top of the respective award category fee (e.g., SGD 288 [award] + SGD 128 [additional guest] = SGD 416) is payable. For those unable to attend the ceremony, the trophy and certificate may be collected at the IFPAS office on a date to be advised later.
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