Covid-19 is spreading in Malaysia. Based on the latest news as of 16th March 2020, the Prime Minister of Malaysia has announced that Malaysia will be under a state of Restriction of Movement from 18 March 2020 until 31 March 2020.
In the wake of this order, the MFPC office will be closed during the Restriction of Movement period. We also will continue to monitor the Covid-19 outbreak closely and adhere to the guidelines of the government issued through the Ministry of Health (MoH) and National Disaster Management Agency (NADMA), as well as from global authorities regarding the proper prevention of the virus. Our scheduled classes and events are also cancelled until further notice.
We urge you to stay updated on the latest information on the COVID-19 outbreak, available from the Ministry of Health (MOH) Malaysia and the World Health Organization’s websites. Members should also play their part in practising good hygiene and prevention measures as well as applying measures of social distancing, including avoiding crowded places, continues to be very important.
In the event of any urgent matters pertaining to MFPC’s office operation, you may contact respective person-incharge below:
Kuala Lumpur, 2 November 2019 – Malaysian Financial Planning Council (MFPC) organized a Financial Planning Workshop for Youths that was held at PJ Trade Centre today from 8:30 am until 5:00 pm.
This workshop was officiated by YB Tony Pua Kiam Wee this morning. The aim was to help Malaysian youths gain basic financial literacy, and instil better attitudes and behaviours towards financial management, MFPC organised a one-day Financial Literacy Workshop open to public. The key objective of this Financial Planning workshop is to help them make better financial decisions, as data indicates youths in Malaysia lacks successful money management knowledge.
The workshop was conducted on 2 November 2019 at Dewan Sri Mutiara, Aras 3, Inland Revenue Board of Malaysia Petaling Jaya Branch, PJ Trade Centre. Collaborators for these workshop include agencies from Employees Provident Fund (EPF), Inland Revenue Board of Malaysia, Credit Counselling and Debt Management Agency (AKPK), Securities Commission (SC), Social Security Organisation (SOCSO), Federation of Investment Managers Malaysia (FIMM) and Perbadanan Insurans Deposit Malaysia (PIDM) among many other financial institutions. This workshop was the last of such programmes for youths in 2019. However, with the Government’s greater focus on Financial Education Network (FEN) and the importance of financial literacy as a necessary life skill for youths, MFPC has numerous free programmes lined up in various states for the year 2020. MFPC is eager to make a difference in the lives of individuals, helping to enhance their upward mobility and create along-lasting and positive change in lives of more individuals with clear coordinated collaboration with our partners in year 2019 through more financial literacy programmes.
At the event, Deputy President of MFPC, Dr. Desmond Chong said, “We are very pleased that the public has found it imperative that they see financial planning is an important life skill. We are very convinced that financial planning knowledge and skills are key attributes to survive in this modern and fast-pacing world and would serve as key attributes as money issues are core in building a resilient individual” he added.
The workshop used a blended approach using not only a face-to-face approach, but also a mobile app to aid participants in understanding and managing their personal finances in-depth. The ‘Super Agent’ gamification platform is also used to award the most engaging participants throughout the whole workshop with an IPad, a smartphone, Touch ‘N Go cards, AEON vouchers and complimentary MFPC’s t-shirts.
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 email@example.com.
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.