The SkillsFuture Study award is a $5,000 award to defray the cost of your course to encourage the development and deepening of skills needed by the future economy. The ISCA FFA Qualification and ISCA Infrastructure & Project Finance Qualification (ISCA IPFQ) is one of the supported courses under the SkillsFuture Study Award for the Accountancy Sector.
Please visit the SkillsFuture Study Awards for Accountancy Sector website here for more details on the eligibility criteria and application process. You may apply for this award during your course of study but before the completion of the ISCA FFA Qualification.
2. Financial Training Scheme (FTS)
FTS recognised programmes
Infrastructure & Project Finance Qualification – Project Risks and Financing
Enhanced Funding Support for IBF FTS and IBF Credit (with effect from 8 April 2020)
In light of the economic challenges arising from COVID-19, MAS announced support of up to S$90 million, to encourage financial institutions and individuals to make use of the downtime for training and deepening of skills.
Enhanced Funding Support for IBF FTS and IBF Credit
To position the financial institutions and FinTech firms for stronger growth when the threat of COVID-19 recedes and economic activity normalises, the following enhanced course fee subsidies are introduced:
For courses commencing from 8 April 2020 to 31 December 2021, FTS funding support will be raised to 90% of direct training costs subject to cap of S$2,000 per participant per programme.
For courses commencing from 8 April 2020 to 31 December 2020, an additional IBF Credit (a 5% course fee support) will be provided to eligible company-sponsored individuals, subject to the prevailing grant cap.
Eligible companies (Singapore-based financial institutions regulated by MAS and SFA certified FinTech firms) who are supporting their employees for training can claim for Training Allowance Grant which is $15 per training and assessment hour. The Training Allowance Grant will apply to Singapore Citizens or Singapore Permanent Residents who successfully completed IBF recognised courses that commence training from 8 April 2020 to 31 December 2020
Module 2: Project Risks and Financing
Discounted Module Fee (without GST)
Enhanced course fee subsidy (90%) + IBF Credit (5%), subject to prevailing $2,000 grant cap
Nett Fees Payable to ISCA (Inclusive of GST)
*Discounted module fee applicable to upcoming enrolment for November 2020 exams.
Eligible Participants include:
All Singapore Citizens and Permanent Residents sponsored by financial institutions (FI) and eligible FinTech firms
Licensed representatives such as insurance agents, financial advisers, and remisiers supported by FI principal
General insurance (GI) agents registered with the General Insurance Association’s (GIA) Agent Registration Board
Eligible companies include Singapore-based Financial Institutions (licensed or exempt from licensing by MAS) and FinTech firms certified by Singapore FinTech Association (SFA).
Must have successfully completed FTS recognised programme (See list of FTS recognised programmes listed in table above)
Note: The individual will not be eligible for the course fee subsidy and the IBF Credit if he/she drops out halfway through the course or did not pass the assessment. ISCA will take reasonable steps to claw back the disbursed course fee subsidy and IBF Credit from the self-sponsored individual or the sponsoring company and return the monies recovered to IBF within 3 months from the completion of the course for the cohort.