KUALA LUMPUR, Dec 9 (Bernama) — Malaysian Financial Planning Council (MFPC) is committed to increase trust and professionalism of the financial planning profession. In view of this, the Council has made it a compulsory requirement for all its members to attend at least one Continuing Professional Development (CPD) programme on trust and professionalism.
Being amongst the first, professional body to introduce such a requirement, all the Council’s new and aspiring members must attend a mandatory programme within two years of being conferred the Registered Financial Planner (RFP) or Shariah Registered Financial Planner (SRFP) programmes. Financial products are becoming more complex for an average individual to understand. The need for professional financial advice, one that is based on an individual’s utmost need, should be the financial instruments one undertakes. There are two methods for an individual to obtain financial advice: fee based and product commission. A product commission basis is most prominent in Malaysia as such the Council takes every possible action to ensure all members of the Council adhere to the highest standards of professionalism and ethical practice.