Trainers of financial practitioners should have recognised qualifications, says industry body

They also need to be regulated to ensure accountability and quality of training

- Claire Huang

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

The Insurance and Financial Practitioners Association of Singapore (Ifpas) on Nov 26 said in a statement that there has been a rise in the number of individuals providing such training when they themselves are not financially trained or are unlicensed financial practitioners.

These trainers often charge fees when dishing out sales or advisory techniques and can influence how financial practitioners approach consumers, it added.