KUALA LUMPUR, May 17 (Bernama) — Malaysian Financial Planning Council (MFPC) celebrated its 20th year in existence with the launch of a basic consumer guide for members of the public. The guide provides an individual overview of the basics of managing personal finance. The basic guide is named after the Council’s award winning “My Money and Me” programme and will be used in all the Council’s financial literacy sessions for the public. The guide will also be made available in other languages and is available on the Council’s website.
20 years ago, the Council was formed at the initiative of the Government through Bank Negara Malaysia (BNM). At our formation in 2004, the then-Governor of Bank Negara Malaysia, Tan Sri Dr Zeti Akhtar Aziz, remarked that as part of the formation of the Council, “All financial professionals should be equipped with financial planning knowledge given the trend towards increased convergence in the financial services industry.” The intention was to have a local Malaysian based designation for conventional and Shariah personal finance. Today, individuals holding our designations are dispensing public advice on personal finance at the Employees Provident Fund, AKPK, and as Wealth Managers at numerous banking groups, among others. The Council’s representative sits in numerous think tanks, Government-led initiatives, Working Groups, and in providing their professional expertise in policy direction.