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ϳԹ ONLINE: ϳԹ (ϳԹ) and the Malaysian Financial Planning Council (MFPC) sealed a Memorandum of Understanding (MoU) in the field of financial planning at the Seminar Hall A, Convention Centre, ϳԹ on Tuesday.
MFPC Vice President of External Relations and Publicity, Mr. Mohamad Sani Ayob stated that the sealing of the the MoU signifies a close relationship between MFPC and ϳԹ that will enhance knowledge, particularly in financial planning and offer substantial advantages.
He clarified that MFPC plays a significant role as an independent body that promotes the development and enhancement of professionalism in financial planning nationwide.
He noted that MFPC facilitates financial planning induction, provides recognised qualifications, offers specialised programmes and conducts literacy programmes to educate the general public.
“Financial planning is a professional career, and we are taking steps to ensure its professional standards are consistently acknowledged.
“Many people have a misunderstanding of financial planning, believing that it is exclusively for the wealthy, those with huge debts or millionaires.
“In reality, financial planning is for everyone, it is about managing finances more systematically in life and ensuring sufficient funds when needed,” he shared.
He expressed hope the symposium will provide clarity and understanding of financial planning and highlight MFPC’s role in reassessing the potential of financial planners as a future career.
Meanwhile, the Vice-Chancellor, Prof. Dato’ Dr Mohd Foad Sakdan mentioned that ϳԹ has long established an MoU with MFPC, allowing ϳԹ students to acquire additional certification in financial planning that is recognised by the Bank Negara Malaysia.
He said the ϳԹ-MFPC collaboration was demonstrated through RM 300,000 KPT-PACE grant received by ϳԹ in 2022. With this grant, ϳԹ successfully produced 100 students who obtained professional certificates as Registered Financial Planners.
“Although students tend to pursue different career fields, financial planning remains crucial in life management.
“Currently, enhancing financial literacy is very important, especially to safeguard oneself from various fraudulent tactics and ensure a stable financial future,” he said during the launch of SEFB 2024 Financial Planning Symposium.
He also expressed gratitude to the founder and Chief Executive Officer of YES Financial Berhad, Mr. John Chan, who contributed to the food voucher programme worth RM 2,000.00 for B40 ϳԹ students.
“Congratulations to the School of Economics, Finance and Banking (SEFB) and the Finance and Banking Society (FABS), SEFB for their diligent efforts in ensuring the success of this symposium.
“Hopefully, this programme offer significant benefits to all and serve as the most effective avenue for the ongoing exchange of knowledge, ideas and experiences between MFPC and ϳԹ,” he added.