MFPC SEES NEW PRESIDENT AND BOARD OF LINEUP FOR 2023-2025

KUALA LUMPUR, June 21 (Bernama) -- Malaysian Financial Planning Council (MFPC), an organisation formed at the initiative of the Government in the year 2004, has named Andy Ng Yen Heng, Head of Great Eastern Life Assurance, Centre of Excellence as the Council’s President at the 9th Election held during the Council’s 19th Annual General Meeting. Andy is a familiar face in the insurance industry for many years in Malaysia and was the Council’s former Secretary in the 2021-2023 term. Effective immediately, Andy Ng will assume responsibility with other newly elected office bearers in the National Council for the term 2023-2025. The Council practices an independent two-year term of office or a maximum of four years for each appointed member. The representatives are from the various financial services industry including unit trust, insurance, banking, takaful, independent financial advisors and planners’, as well as notable academicians in their line-up. Having developed chapters in Johor, Sarawak and Penang, the MFPC will be launching its Sabah Chapter in July 2023 and in October 2023 its East Coast Chapter, in-conjunction with the National Financial Literacy month. Actively providing financial planning professional courses, MFPC also provide expert opinion on matters concerning financial planning through its Council members. Purposed to enhance the financial well-being of Malaysians, especially those from middle- and lower-income groups, MFPC will intensify efforts to improve their basic financial literacy. The conceptualisation of Madani by our current Government focuses on aspirations beyond purely monetary outcomes and focuses on values. MFPC is determined to follow this path. Our UNESCO award winning literacy programme, My Money & Me will continue to deliver social impact. Malaysians should be able to identify the upward mobility of their lives and the improvement of livelihood will best occur by adopting the right financial behaviour. As MFPC looks forward to mark its 20th anniversary in 2024, it hopes that with a steady growth of qualified financial planners, and the new board in place, the Council can continue to innovate and provide game-changing initiatives for financial literacy education. Malaysian Financial Planning Council (MFPC) The Malaysian Financial Planning Council (MFPC) was set up in in 2004 with the objective of promoting nationwide development and enhancement of the financial planning profession. We conduct professional programmes leading to the Registered Financial Planner and Shariah Registered Financial Planner designations. Both qualifications are approved by Bank Negara Malaysia (BNM) as a prerequisite to apply for a Financial Adviser’s Licence and a Financial Adviser’s Representative Licence. The qualifications are also approved by Securities Commission Malaysia for the Capital Market Services Representative Licence (CMSRL). Our mission has extended to include raising the financial literacy of all Malaysians by being at the forefront of efforts to provide financial education to Malaysians from all walks of life. We do this by continuously conducting numerous financial education programmes for the public at no cost, reflecting our contribution and commitment to the positive development of Malaysians and ultimately the nation. SOURCE : Malaysian Financial Planning Council (MFPC)