06/05/2026
Dear members,
Following the recent May Day Rally speech by Prime Minister, Mr. Lawrence Wong, there are several developments relevant to our profession.
The world of work continues to evolve, with AI reshaping roles and uncertainty expected to remain. The emphasis on supporting workers in adapting and growing reinforces the importance of our role as financial practitioners.
In such an environment, individuals and families will increasingly require guidance to navigate their financial decisions with clarity and confidence.
As an association, our focus remains clear:
Elevate: Raising Trusted Financial Practitioners
We will continue to strengthen competence in financial planning, uphold high ethical standards, and enhance our education pathways such as FChFP and HNW programmes. We will also build on ongoing efforts to equip members with future-ready capabilities, including AI.
Engage: Educating and Serving the Public
We will continue to promote financial literacy and raise awareness of protection, retirement and estate planning. Partnerships and outreach efforts will be strengthened to reach more individuals and families, reinforcing the importance of financial planning in an uncertain environment.
Experience: Learning, Connecting, Growing Together
We will create more opportunities for members to learn and grow through townhalls, workshops, dialogues, and experiential learning journeys. These platforms will support both capability development and confidence in navigating change.
Way Forward:
Our new term began on 1 May 2026. The direction for IFPAS had been set before the start of the term by the new Officer Bearers. On 4 May 2026, the IFPAS EXCO came together for its first meeting of the new term, which also served as the Strategic Meeting. It was a meaningful session where we aligned our priorities and focused on what matters most to our members and the profession.
Key areas of focus include:
• Strengthening support for our members
• Translating broader developments into practical initiatives
• Enhancing engagement with partners and stakeholders
• Strengthening unity and solidarity within the profession
IFPAS will continue to support our members in growing as trusted financial practitioners, while contributing to better financial preparedness for the public in an uncertain world.
Thank you for your continued support and commitment.
Warm regards,
Derrick Yip
President, Executive Council 2026/2027
Insurance and Financial Practitioners Association of Singapore (IFPAS)