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After the two series of article on Financial Planning and Financial Planner . Some of you may asked: "Is it difficult to become a Financial Planner? What's the requirement needed?" Hmmm... Good news is it is not difficult, but the bad news is it's not easy either and the requirements for sure will be raised in the future. So, how? In Malaysia, those who practice as Financial Planner must pass any one of below examinations: Registered Financial Planners ( RFP ) issued by Malaysia Financial Planning Council (MFPC) Certified Financial Planners ( CFP ) issued by Financial Planning Association of Malaysia (FPAM) After you have passed the said examination, it doesn't mean that you're a Licensed Financial Planner straight away. Why? It's just serves you an entry passport only. Once you have accredited the qualification, you must apply the required licenses with Bank Negara Malaysia (BNM) and Securities Commission (SC) before you can carry out financial planning...

As promised, Finance Malaysia blog would like to educate public at large on the importance of personal financial planning , after knowing that most Malaysians falls into debt traps because of this poor financial planning. After finding out, we're surprised that actually not many of us knowing this NEW distribution channel in financial markets --- Financial Planner. The NEW Alternative... Traditionally, when we sourced for financial products or services, we normally go to either agent or bank. Example, for life insurance or unit trust, we buy from life insurance agent or unit trust consultant or banker. This trend continues few years back, when Securities Commission of Malaysia and Bank Negara Malaysia comes out a framework or guidelines introducing financial planning industry. Then, financial planning firms emerge, until only recently some of us would have heard about its existence in the market place. Of course, financial planners came into picture too. Role of a Financial Planner...

We can't deny that everyone of us can't runaway from financial matters, thus, planning it wisely would put you on a better path to achieve financial goals as desired. Does this called "financial planning"? Hmmm...  Many people think that financial planning is for high-income earner and the rich. But is this true? If not, what is it actually? Generally, financial planning is a journey to achieve financial goals set with a comprehensive and systematic step-by-step process . It involves taking a broad view of one's financial affairs covering many areas of wealth management. What's Included in Financial Planning? Cash Flow management: assessing your current financial net worth budgeting debts eliminations building savings Insurance planning ensuring that our assets and family are well protected by having adequate insurance coverage Investment planning this is the wealth accumulation step, whereby investing a portion of your savings with the aim of getting a higher...

Are you ready for your retirement life? If not, what and how are you going to do before it is too late? These are a few critical questions Malaysians should ask ourselves without further procrastination.  With increasing life expectancy and rising living standards, many Malaysians find that their savings are inadequate to meet their retirement needs. Private Retirement Schemes (PRS) form an integral feature of the private pension industry with he objective of improving living standards for Malaysians at retirement through additional savings of funds.  As long-term investment vehicles, PRS are designed to help enhance adequacy and expand coverage of retirement benefits to all segments of the population. It complements Malaysia's mandatory retirement savings scheme - EPF. Voluntary? Yes. It's totally up to YOU to contribute voluntary anytime. Who can participate? Anyone, be it individuals (retail investors, self-employed and employees) or employers. Offering private pensio...