KUALA LUMPUR, Aug 18 (Bernama) — Malaysian Financial Planning Council (MFPC) has released their longitudinal study report with the Capital Market Development Fund (CMDF). The Financial Capability and Utilization of Financial Advisory Services in Malaysia study was conducted in partnership with academic and industry professionals, and the Council hopes it will serve as a stepping stone to further enhance literacy in financial education and capital market investment in Malaysia.
The main objectives are still primarily to investigate the general financial literacy and financial capability of Malaysians; to determine Malaysians’ literacy of the capital market; and to understand Malaysians’ preferences with regards to financial planning advisory services. The academic industry partnership allowed for the best rigour and high quality methodology to be used in the process of the study.
