FA Membership

The objectives of the Association shall be:-

To represent Licensed Financial Advisers;

To provide a forum for members to develop opinion, recommendations and programs, all of which will contribute to the further development of the insurance industry for the benefit of the public in Singapore ;

To endeavor to advance the interests of its members and of the institution of Licensed Financial Adviser in the following ways:
  1. By taking steps as a group towards increasing the efficiency and professionalism of the Appointed Representative recruited by members.

  2. By cooperating with organizations engaged in developing more effective training on relevant sales and marketing,

  3. By supporting those principles of Licensed Financial Adviser management which guarantee to the public the highest professional service; by taking no unfair advantage of competitors, and by not making or allowing to be made any incomplete, unfair or misleading statement concerning the contracts of standing of any company; by endeavoring to develop knowledge, ability and character commensurate with the responsibilities of life insurance broking management and by refusing to countenance those practices by any Licensed Financial Adviser, which, in the expressed opinion of the majority of the membership, may immediately secure business but ultimately destroy public confidence.

  4. By encouraging every Licensed Financial Adviser member to upgrade his/her profession so as to further enhance professionalism in the industry.

  5. To examine any proposed legislation by the Monetary Authority of Singapore (hereinafter called the "MAS") affecting the industry and in particular the Licensed Financial Adviser and to promote and support and assist the implementation of such legislation.

  6. AFA(S) is to organize conferences or seminars locally or abroad for its members and for the general public in relation to matters pertaining to Licensed Financial Adviser.

  7. AFA(S) is to conduct courses relating to life insurance.

  8. To receive and hear complaints, disputes and claims made in relation to members of the Association; to set up or form such committees or bodies that may be appropriate to whom reference may be made of such complaints, disputes and claims and to facilitate the setting of such complaints, disputes and claims.

  9. To do all such lawful things as are incidental or necessary to the achievement of the above objects or any of them.

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