The 4th MFPC National Financial Planning Tournament 2018 was held from 2 – 4 November 2018 at the Employees Provident Fund (EPF) Learning Centre, Bangi. This year’s tournament was a collaboration with Universiti
Kebangsaan Malaysia (UKM) and our core strategic partners were Securities Commission Malaysia, Bursa Malaysia Derivatives Bhd (BMD), the Employees Provident Fund (EPF), Life Insurance Association of
Malaysia (LIAM), Affin Hwang and Federation of Investment Managers Malaysia (FiMM). The objective of this tournament, the first of which
was held in 2011, is to promote the importance of financial planning skills and knowledge among undergraduates through an interactive learning
experience with the involvement of industry players. The tournament focused on a trading game, quiz and presentation to help the undergraduates gain the advantage of better financial planning skills to
achieve sustainable lives in the future. A total of 20 private and public universities participated in the tournament to vie for the Championship Trophy and a cash price of RM 8,000. Sunway University emerged the winner, with Universiti Malaya (UM) and Universiti Utara Malaysia (UUM)
In conjunction with the tournament, the MFPC Financial Freedom Fun Run was held at Universiti Kebangsaan Malaysia (UKM). This was officiated by
the chief minister of Selangor, Yang Amat Berhormat Tuan Amirudin Bin Shari. The main objective of this run was to emphasise the importance of a healthy lifestyle in addition to a ‘healthy’ financial situation. The run attracted 1100 participants and interestingly, from Nigeria, Spain, and Kenya as well. The runner from Nigeria was the champion for the 10 km category while the runner from Malaysia was the winner in the 5 km category.
On 28 September 2018, Malaysian Financial Planning Council (MFPC) was honoured to receive another prestigious award from the Global Islamic Finance Awards (GIFA). This time, MFPC was awarded the Best Islamic Wealth Management Qualification 2018 for one of its flagship programmes, the Shariah Registered Financial Planner Programme. This awards ceremony was held in Sarajevo, Bosnia Herzegovina and was officiated by its President, Bakir Izetbegovic.
This, and the numerous other awards we have received, are evident of our commitment to ensure
we offer only the best quality programmes. This is in tandem with our goal to provide quality and inclusive financial planning education, which is aligned with the Sustainable Development Goals (SDG), SDGs 4 and SDGs 17. We partner with various reputable international organisations with the aim to promote Shariah Financial Planning to a wide range of Malaysians.
MFPC developed the Shariah Registered Financial Planner as a practical programme for practitioners to equip them with Takaful and Islamic financial planning knowledge in line with the national agenda to promote the advancement of Islamic finance and to make Malaysia the Islamic Financial Centre of Shariah-compliant transactions and business.
Promotion from the rank Certified MFPC Trainer (CMT) To Principle Certified MFPC Trainer (Principle CMT) In MFPC
In tandem with the expeditious growth of the Certified MFPC Trainer community, the Certification and CPD Board (CCB) has deliberated to strengthen the structure of the trainer/lecturer certification system in providing a comprehensive coverage for all MFPC members who is inspired to register as Certified MFPC Trainer under MFPC.
In this regard, the CCB has considered pertinent factors such as variation of training abilities; scholarly contributions; valuable industry exposure; commitment and experience in developing the financial planning profession in Malaysia; and the Board has established a structured and systematic framework for Certified MFPC Trainers to provide continued support to the Council in offering quality financial planning education to the members and public at large.
With immediate effect, the MFPC’s trainer classification will be grouped into two categories, which are the Certified MPC Trainer (CMT) and the Principle Certified MPC Trainer (Principle CMT). Please find enclosed herewith up-dated Principle CMT and CMT guidelines for your attention.
In addition, the Board acknowledges and respects experts’ views and participations in contributing to the positive growth of the financial planning education; and the Board welcomes individuals in various relevant industries to register as Certified MFPC Subject Matter Expert.
For further clarification and assistance, please contact Ms. Wawa, Education and Training Department at 03-6203 5899 or email to firstname.lastname@example.org.
GUIDELINES AND POLICIES ON
PRINCIPLE CERTIFIED MFPC TRAINER AND
CERTIFIED MFPC TRAINER
(PRINCIPLE CMT AND CMT)
Malaysian Financial Planning Council
Dr Desmond Chong Kok Fei
Certification and CPD Board
Financial Planning Literacy Programme for Youths
Seremban, Negeri Sembilan, 6th January 2018 – Malaysian Financial Planning Council has organised a one-day Financial Planning Shariah Workshop for youths at Bilik Pameran Majlis Perbandaran Seremban.
This workshop is part of the initiative from MFPC in order to provide quality basic financial literacy for all Malaysians, which is aligned to achieve Sustainable Development Goals (SDGs) by United Nations (UN) of which the Council is a signatory. This one day workshop was launched by Deputy Minister of Education II, YB Senator Datuk Chong Sin Woon. The Council received support from many agencies especially agencies that are familiar within the financial sector such as EPF, FiMM, and AKPK and for the programme to cover key fundamentals of financial planning and to help youths to use financial planning knowledge towards their advantage. Besides, others NGO’s like Majlis Belia Malaysia also committed to ensure the success of this program by inviting all the youths in Negeri Sembilan in order to join this literacy programme.
The core objective of this programme is on creating awareness to youths on prudent personal finance, improve youth’s knowledge about planning aspects of personal finance and allows youths to master skills using personal finance management methods to have a better future.
YB Senator Datuk Chong Sin Woon, Deputy Minister of Education II, said ‘To promote more financial literacy among youths, the Malaysian government through the Ministry of Education is pleased that such a programme is being organised at no cost for participants’. He commended, MFPC for successfully organising this seminar and the various stakeholders for coming together to organise this programme.
Meanwhile, Mr. Michael Kok Fook On, said ‘Financial education must start at an early age and preferably before youths go off to work in the real world. Providing financial education to adults is not enough to ensure a financially literate Malaysia. To enable financial education to reach the masses, the subject must be integrated to our youth and children. Financial education should play an important role around the community in order to educate youths well’.
He reiterated that MFPC would continue to work with numerous stakeholders in the series of free literacy seminar and remains committed to promoting financial literacy and financial well-being. This financial literacy programme was made possible through the financial support of the Capital Market Development Fund (CMDF).
Financial Planning Literacy Crucial in Achieving National SDGs
Kuala Lumpur, November 24th, 2017 – As part of the Malaysian Financial Planning Council (MFPC) agenda to achieve the United Nations (UN) Sustainable Development Goals (SDGs) and to ensure proper planning and sustainability of financial literacy in Malaysia, the MPFC has signed a memorandum of understanding (MoU) to collaborate with Global Compact Network Malaysia (GCMY).
MFPC and GCMY will collaborate to promote awareness and advocate for financial planning to enable financial sustainability. They will also partner with the Government, think-tanks and academic centres to design sustainability into financial planning education. Together MFPC and GCMY will conduct training and information sharing sessions, seminars, workshops and best practice exchanges with stakeholders domestically and regionally.
MFPC has committed to SDG 4 and SDG 17 to, respectively, ensure inclusive and equitable quality education and to implement and vitalize global partnership for sustainable development. MFPC and GCMY have a roadmap to achieve these goals by raising awareness on financial planning, providing skills to improve individual understanding and knowledge of rights.
In expressing his appreciation, MFPC’s President, Michael Kok Foo On said “It is certainly a privilege for us to collaborate with a world recognised body and it is indeed very encouraging as we continue doing what we do ever since our initiative in 2002 through the support of the Malaysian Government”. He added “A good understanding in financial literacy will make an important impact to the efficiency of the financial system and to the performance of the country’s economy.”
Puvan J Selvanathan, President of GCMY, said, ‘“With MFPC we can help to improve the level of financial literacy nationally. People are sustainable when they have financial security on income, education and health for their household. MFPC programmes and projects strategically strengthen the achievement of the SDGs in Malaysia”.
MFPC recognises the challenge to meet the UN SDGs by 2030 and is committed to creating a viable economic foundation for the future. The target programmes will promote sustainable livelihoods, education and sustainable economic and financial well-being.