Financial literacy pandemic

Financial literacy: Alternative learning after the pandemic

KUALA LUMPUR, Aug 27 (Bernama) — Due to the ongoing pandemic, Malaysian Financial Planning Council (MFPC) has virtually organized its sixteenth Annual General Meeting (16th AGM) to participate remotely, ask questions and approved all the agendas proposed during the meeting.

The participants were National Council members, MFPC members, Chartered Promoter Organisation (ChPO), Financial Services Organisation (FSO), Chartered Financial Services Institution (ChFSI) and proxies.

The AGM brought up one of the important note on how MFPC found its way to provide their programmes through a Learning Management System (LMS).

During this unprecedented time of Covid-19, MFPC has fast-tracked and launched the LMS to ensure members can attend a series of free programmes; and paid professional courses and CPD programmes at a reasonable and affordable rate.

The Digital Membership Card (eID) was also implemented effective 1 July for professional membership verification; and at the same time to reduce the usage of plastic and papers.

In addition, the Council has also commenced My Money & Me workshops, a series of online learning programme that made available in different zones to ensure youths and public alike could follow our financial planning talk sessions at

During the meeting, the Council has announced the conferment of Associate Membership for individuals who have passed a modular examination of the Registered Financial Planner (RFP) or Shariah RFP programme.

Individuals who have supported the Council and/or registered for the professional programme but yet to obtain an examination, grade shall be categorised as Affiliate Member.

The Council feels it is only appropriate and conceded in the professional field by implementing this professional affiliation.

The Council hopes to motivate financial practitioners to pursue professional education; and continuously better their professional practise and offering advisory services to their clients and consumer at large.

This is important because we want them to be professional while maintaining relevancy and competence level set in MFPC’s Code of Ethics.

This ensures that our financial practitioners who adhere to the code act with integrity, competence, diligence, respect and in an ethical manner while engaging with their clients.

MFPC President Vincent Kwo in his speech said, “at MFPC, we make sure that our members continuously acquire, maintain and use the standards of knowledge and due care relevant to their role as a financial planning professional and to meet guidelines and rules set by the authorities and relevant self-regulatory organizations.”

The Council led by Vincent Kwo will continue its service from 2019 – 2021. The AGM was broadcasted live from MFPC office in Mont Kiara and only critical individuals involved in conducting the AGM were physically present at the broadcast venue.

The event obeys the standard health and safety operating procedures (SOP) for businesses during the recovery movement control order (RMCO).

Interested individuals may refer for programmes offered at MFPC and register at

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