News Formal

Singapore Industry Body Calls for Regulation of Financial Practitioner Trainers

  • 📰 straits_times
  • ⏱ Reading Time:
  • 19 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 69%

Finance News

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Extend regulation to trainers of financial practitioners in Singapore, urges industry bodyThere has been a rise in the number of untrained or unlicensed trainers, said Ifpas.
Source: STForeignDesk - 🏆 4. / 71 Read more »

Singapore’s insurance industry faces challenge in attracting young talent, despite competitive benefits,%
Source: IndependentSG - 🏆 2. / 72 Read more »