CHARTERED FINANCIAL CONSULTANT - …

1 Awarded by the Singapore College of insurance under licence from The American College 2018 Nurturing Asia s Best ChFC /SCHARTERED FINANCIAL CONSULTANT For funding details, please refer to page 5 inside. This self-study programme has been accredited by The Institute of Banking and Finance (IBF) under the IBF StandardsUpdated Version CompreheNsive,AppliedChFC01: FINANCIAL Planning: Process and EnvironmentChFC02: Risk Management, insurance and Retirement PlanningChFC03: Tax, Estate Planning and Legal Aspects of FINANCIAL PlanningChFC04: InvestmentsChFC05: Plan Construction, Practice Standards and EthicsChFC06: Planning for Business Owners and ProfessionalsChFC07: Wealth Management and FINANCIAL PlanningChFC08: FINANCIAL Planning ApplicationsChFC09: Ethics For The FINANCIAL Services ProfessionalUpon passing ChFC01, candidates can apply for the Associate FINANCIAL CONSULTANT (AFC) designation directly with IFPAS, subject to any terms and conditions as specified by successful completion of the examination modules within the specified time frame, candidates will be eligible to use the certification designation of ChFC /S, subject to other qualifying requirements being met, including experience and ethics titles for ChFC /s, a designation awarded by singapore College of insurance (sCi), under licence from the american College leArNiNg outComesBy the end of the 9 modules, candidates will be able to.

2 Develop knowledge in the process, tools and concepts of FINANCIAL planning and investments. Use a systematic approach to risk management, insurance and retirement planning. Apply the basic tax concepts and skills to deal with individual income, expenses and allowances. Learn the various types of estate planning tools, such as wills, trusts, powers of attorney and life insurance . Understand the major types of investments and risk profiles. Learn the essential skills to formulate a sound FINANCIAL plan to meet clients objectives and conform to ethical standards and practices. Gain insights on the importance of business succession planning and buy-sell agreements. Learn wealth management strategies to better manage clients risks and assets.

3 Develop the ability to design, construct and present a FINANCIAL plan, and make recommendations to clients, as well as function as an ethical and competent practitioner in the field of FINANCIAL 1 -progression pathway towards Clu /sAfter obtaining the ChFC /S designation, candidates can proceed to take CLUS01: Individual Life insurance , CLUS03: Life insurance Law, CLUS04: Life insurance Company Operations, CLUS08: Group Benefits and Health insurance , to obtain their CLU /S designation, also awarded by SCI, under licence from The American should enrol in the ChFC /s designation? FINANCIAL Planners / Life insurance Advisers; Relationship Managers; Bancassurance Staff; and Other insurance professionals whose job responsibilities require in-depth knowledge of FINANCIAL planning principles, practices and products, and those wishing to obtain a professional FINANCIAL planning qualification for their career requirementsCandidates who register for the ChFC /S programme must have passed the following examinations: CMFAS Module 5; CMFAS Module 8 or Module 9; and SCI Health supportFor face-to-face tutorial support, please approach IFPAS.

4 - 2 -examination details - 3 -Examination / Assessment Format & StructureModuleExamination DurationExamination FormatTotal Marks/Grade AllocatedPass RequirementFinancial Planning: Process and Environment(ChFC01 )2 Hours100 Multiple-Choice Questions100 Marks70% Pass MarkRisk Management, insurance and RetirementPlanning (ChFC02)2 Hours100 Multiple-Choice Questions100 Marks70% Pass MarkTax, Estate Planning and Legal Aspects of FinancialPlanning (ChFC03)2 Hours100 Multiple-Choice Questions100 Marks70% Pass MarkInvestments (ChFC04)2 Hours100 Multiple-Choice Questions100 Marks70% Pass MarkPlan Construction, Practice Standards and Ethics(ChFC05)2 Hours70 Multiple-Choice Questions (case-based)70 Marks70% Pass MarkPlanning for Business Owners and Professionals(ChFC06)2 Hours100 Multiple-Choice Questions100 Marks70% Pass MarkWealth Management and FINANCIAL Planning(ChFC07)

5 2 Hours100 Multiple-Choice Questions100 Marks70% Pass MarkFinancial Planning Applications Practicum Assessment (ChFC08)1 HourOne-on-one Presentation of FINANCIAL Plan to the AssessorOnly Competent or Not-Yet-Competent To be assessed as Competent FINANCIAL Planning Applications Case Studies (ChFC08)*3 Hours2 Case Studies (6 Short Essay Questionseach) 150 Marks70% Pass MarkEthics for the FINANCIAL Services Professional(ChFC09)1 Hour30 Multiple-Choice Questions30 Marks80% Pass Mark*For the examination, the candidate is only permitted to bring in a FINANCIAL plan and ONE piece of A4-size crib sheet. No other materials are examination syllabusPlease refer to the SCI Website at: 4 -examination Fees(valid for 2018)examination scheduleThe examinations for ChFC01 to ChFC07 are conducted weekly.

6 For the examination for ChFC08, please refer to page 5 for the schedule. The examinations for ChFC09 are conducted the detailed Examination Schedule, please refer to the SCI Website at: : A one-time non-refundable registration fee of S$ (inclusive of 7% GST) is applicable at the time of first admission into the For Self-Study* (All fees are inclusive of 7% GST)Fee Per Module: ChFC01 To ChFC07 (Self-Study)First Attempt (With Study Text)Each Subsequent Attempt (Without Study Text)Member CompanyS$ $ CompanyS$ $ For Module ChFC08 (Compulsory Tutorial)First Attempt (With Study Text and inclusive of the 14-hour Compulsory Tutorial)Each Subsequent Attempt (Without Study Text)Member CompanyS$ $ (Practicum)S$ (Case Studies)Non-Member CompanyS$ $ (Practicum)S$ (Case Studies)Fee For Module ChFC09 (Compulsory Tutorial)First Attempt (With Study Text and inclusive of the 2-hour Compulsory Tutorial)Each Subsequent Attempt (Without Study Text)Member CompanyS$ $ CompanyS$ $ * SCI offers only a self-study option for ChFC01 to ChFC07.

7 Those who pay the examination fee of S$ (inclusive of 7% GST) for member company or S$ (inclusive of 7% GST) for non-member company will get a Study Text and one examination sitting for the module registered. Funding is available for first attempt candidates. Please refer to page 5 for more details. For ChFC08 and ChFC09, candidates must attend a 14-hour and 2-hour tutorials respectively, conducted by SCI. - 5 -ChFC01 to ChFC07 (self-study)- Funded under iBF standards training scheme (iBF-sts)With effect from 3 May 2018, the examination component for ChFC01 to ChFC07 has been accredited under the IBF Standards, and is eligible for funding under the IBF-STS, subject to all eligibility criteria being met. Candidates are advised to assess the suitability of the examination module and its relevance to candidates business activities or job roles.

8 For Singapore Citizens or Permanent Residents IBF-STS provides 70% funding for direct training costs subject to a cap of S$7,000 per candidate per programme subject to all eligibility criteria being met. For Singapore Citizens For all IBF-STS programmes commencing on or after 1 July 2016, Singapore Citizens aged 40 years old and above will be eligible for 90% co-funding of direct training costs, subject to existing grant caps of S$7,000 per above funding scheme is eligible for company-sponsored or non-company-sponsored participants, subject to all eligibility criteria being met. Candidates can only submit the claims upon passing the respective examinations. For more details, you may refer to the IBF Website via: Claims Submission for Non-Company-Sponsored Track Claims for Non-Company-Sponsored participants of IBF-STS programmes shall be submitted by the IBF- STS accredited training provider within 3 months from the date of completion of the Claims Submission for Company-Sponsored Track Claims for IBF-STS programmes are to be compiled and submitted according to two half-yearly claim cycles, within three calendar months from the end of each qualifying period: (i) Claim Cycle 1: 1st July to 30th September - For programmes completed from January to June of the same calendar year.

9 And (ii) Claim Cycle 2: 1st January to 31st March - For programmes completed from July to December of the previous year. Find out more on - Funded under iBF standards training scheme (iBF-sts)With effect from 1 June 2018, ChFC08 - FINANCIAL Planning Applications has been accredited under the IBF Standards and is eligible for funding under the IBF Standards Training Scheme (IBF-STS), subject to all eligibility criteria being met. Available for a period, this funding is applicable only for the first assessment attempt and candidates may be self or - Funded under iBF standards training scheme (iBF-sts) With effect from 13 July 2018, ChFC09 - Ethics for the FINANCIAL Services Professional has been accredited under the IBF Standards and is eligible for funding under the IBF Standards Training Scheme (IBF-STS), subject to all eligibility criteria being met.

10 Available for a period, this funding is applicable only for the first assessment attempt and candidates may be self or (applicable only for first examination attempt)- 6 -Compulsory 14-hour & 2-hour tutorial schedule for ChFC08 & ChFC09 Note: ChFC08 and ChFC09 should be registered in the same intake2018 Schedule for ChFC081st Intake2nd Intake3rd Intake4th Intake5th IntakeClass 11 & 2 Feb 20189 & 10 Apr 201825 & 26 Jun 20182 & 3 Aug 2018*2 & 3 Oct 2018 Class 25 & 6 Feb 201812 & 13 Apr 2018---Submission of FINANCIAL Plan28 Feb 201825 Apr 201811 Jul 201817 Aug 201824 Oct 2018 Assessment Period12-15 Mar 201822-25 May 201823-27 Jul 201823-31 Aug 20187-9 Nov 2018 Case Study Written Assessment29 Mar 20187 Jun 201831 Jul 201818 Sep 201822 Nov 2018 Release of Results30 Apr 20186 Jul 201824 Aug 201819 Oct 201821 Dec 2018 Cpd hours Awarded ChFC01 to ChFC07: 2 CPD hours per module for the relevant examination passed.