Elevating the Standards of Financial Planning in Malaysia

The FPAMFLY 2020 event is launched to elevate financial literacy among Malaysians, says Nicholas Chu.

The Financial Planning Association of Malaysia (FPAM) celebrates its 20th anniversary this year with the launch of the FPAM Financial Literacy Year 2020 (FPAMFLY 2020).

Launched with the intention to elevate financial literacy among Malaysians, the FPAMFLY 2020 is a timely effort, given these challenging times. 

"Little did we realise when the Board mooted the idea to elevate public financial literacy, that we will be facing an almost year long pandemic.  

"Nonetheless, it is timely and we quickly tweaked our activities to be focused on current challenges," said FPAMFLY 2020 Organising Chairperson Nicholas Chu (pic) in his speech during FPAM's Annual Signature Financial Planning Symposium 2020 which was held on 7 October 2020.

Curated FPAMFLY 2020 activities which are aligned with FEN strategic priorities include the Public Financial Literacy Outreach Talk/Clinic (FLOAT); the FPAM-BFM Employee Financial Wellness Workshop Series; the FPAM Annual Signature Financial Planning Symposium and also a public online short video competition.

"To date, we have  completed  14  Financial  Literacy  Outreach  Programmes  which started at the end of March to help public who are caught in the MCO with pay cuts and job losses.  We ran three sessions each day for a month of webinars on FPAMFLY's Facebook page.

"Almost  concurrently,  we  co-hosted with  BFM  to  run  a  weekly  series  of  personal finance  webinars targeted to  help  the  working  class  and  SMEs  owners  in  similar situation. We  just  concluded  Season  2  with  25  webinars  under  our  belt.   

"For the Chinese-speaking  public, we have a 4-interview series with aifM which  started in September. Another  outreach effort is media engagement through articles and media mention such as Smart Investor, The Edge, The Business Today, Money Compass, The Star and China Press. This is ongoing until the end of December 2020," Chu shared.

FPAM has also completed a pilot 6-module Employee Financial Wellness Programme, another joint-venture with BFM, starting with an on-ground workshop followed by online for the rest due to the MCO. 

Currently running is  FPAM's  Public Online  Short Video Competition  where  competitors share  their  personal  financial  stories,  be  it  lessons  learntor  success  stories.    

"More information is available on FPAMFLY's Facebook page. Open to all languages, the competition has three attractive prizes of RM5,000 each to be won. Please encourage your clients, friends and relations to participate," said Chu.