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Singapore Industry Body Calls for Regulation of Financial Practitioner Trainers

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Financial Training,Regulation,Singapore

Singapore's Insurance and Financial Practitioners Association (Ifpas) is advocating for the regulation of financial practitioner trainers, emphasizing the need for minimum professional qualifications to ensure ethical and regulatory standards are met.

SINGAPORE - Those who train financial practitioners in Singapore should have minimum professional qualifications and be regulated, said an industry body.

These trainers often charge fees when dishing out sales or advisory techniques and can influence how financial practitioners approach consumers, it added. To ensure accountability and quality of training, MAS should also set up a framework to regulate individuals or entities providing professional training in the financial services sector, it proposed.

 

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