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.
Public Online Short Video Competition
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.