In a dynamic and global financial training marketplace, being an IBF recognised training provider is a clear way to be differentiated from the competition, and be recognised as having quality training infrastructure and programmes.
The IBF accreditation process involves an independent review of an institution's ability to conduct programmes that meet industry standards. IBF accreditation therefore serves as an industry-endorsed mark of quality for training providers looking to offer programmes to Singapore's financial industry.
The IBF Standards outline the competencies required for specific job roles and provide practice-oriented development roadmaps for finance professionals. IBF will review and accredit training programmes that are aligned with the IBF Standards. These form the bedrock of training programmes to equip finance professionals with skills needed for their jobs.
The IBF Standards also offer industry-wide recognition to participants of IBF accredited programmes. Individuals who successfully complete an IBF accredited programme and meet the relevant criteria will be eligible for IBF Certification. Discover the benefits that IBF Certification can offer to the participants of IBF accredited training programmes.
Programmes accredited under the IBF Standards are eligible for IBF Standards Training Scheme Funding.
The Financial Training Scheme (FTS) is a training incentive scheme under the Financial Sector Development Fund (FSDF), aimed at supporting financial sector training programmes that raise the competency of the financial sector. While the IBF Standards Training Scheme recognises structured training programmes that are aligned to the functional skills set out in the IBF Standards, the FTS recognises thematic and ad-hoc training programmes that may be conducted in the form of conferences, seminars, classroom training and e-learning.
Programmes recognised under FTS will be featured on the IBF Programme Finder and may be attended by financial sector practitioners who are looking for training programmes as part of their continuous professional development journey.
Financial sector practitioners who attend FTS programmes under the sponsorship of their financial institutions will be eligible for course fee funding. Please refer to the Information Note for details on funding and eligibility criteria.
Appointed representatives of financial advisers are expected to undergo structured training in Ethics or Rules and Regulations as part of their Continuing Professional Development (CPD) requirement. Only training programmes on Ethics and Rules and Regulations that are accredited by IBF or Singapore College of Insurance (SCI) under the Financial Adviser CPD (FA CPD) scheme can be counted towards the fulfilment of this criteria.