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.

Kuala Lumpur, 19 September 2019 – The Malaysian Financial Planning Council (MFPC) is honoured to receive the prestigious award once again from the Global Islamic Finance Awards (GIFA), as Best Islamic Wealth Management Qualification 2019 for our Shariah Registered Financial Planner Programme and GIFA Championship Award (Advocacy) 2019 for the Council’s nationwide public literacy programme. The award ceremony was held at The Westin in Cape Town, South Africa. The award honours MFPC, whom, in addition to achieving outstanding progress in Shariah Financial Planning education, is making a significant and lasting social impact for youths through the Council’s free ‘My Money & Me’ financial literacy programme.

Vincent Kwo Shih Kang, President of Malaysian Financial Planning Council (MFPC) said, ‘It is a great honour to receive the Best Islamic Wealth Management Qualification 2019 and the GIFA Championship Award (Advocacy) 2019. Having been the recipient of the award for four years, it goes to show our commitment to ensuring that the quality of our programme is relevant in the market. At the heart of the matter, Shariah RFP is actively evolving, including timely updates and changing percentage of the content in line with the development of Islamic finance in the world. Our next goal which is in the pipeline is accessible, affordable and flexible learning opportunities of our programmes through a Learning Management System (LMS).

To date, we have partnered with various stakeholders in the finance spectrum to provide good education and partnerships for the goals which is aligned with the Sustainable Development Goals (SDG), SDGs 4 and SDGs 17. Central to MFPC’s existence is collaborations with relevant agencies, mapping a way forward for Malaysians to be beneficiaries of the session. We hope these contributions will ensure the populace will be able to better manage their income, savings, investments and plan for the unintended through acquiring basic financial literacy knowledge.

MFPC has conducted financial literacy workshops in most of the states in peninsular Malaysia in the year 2019 which was specifically targeted for the youths. Through these sessions, we have discoursed pertinent knowledge on financial literacy that youths should embody to be competitively able and empowered to manage their finances despite challenges of the 21st century volatilities. Our ability to deliver game-changing initiatives for financial literacy education was made possible with a gamification application. Our key goal at our My Money & Me session is to provide solutions to the cost of living challenges by adopting financial planning methods. For details of our next session, log on to https://1st.mfpc.org.my/PublicEventRegistration/83

MFPC Award

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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 wawa@mfpc.org.my.

GUIDELINES AND POLICIES ON
PRINCIPLE CERTIFIED MFPC TRAINER AND
CERTIFIED MFPC TRAINER
(PRINCIPLE CMT AND CMT)

click >>Guideline for Certified MFPC Trainer (CMT)

Thank you.

Yours sincerely
Malaysian Financial Planning Council
Dr Desmond Chong Kok Fei
Chairman
Certification and CPD Board

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.