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CIRCULAR



Dear Members,

5th MFPC AGM & ELECTION 2009

We are pleased to inform you that the Malaysian Financial Planning Council (MFPC) has elected its office bearers for 2009/2011 at its 5th Annual General Meeting held on 28th May 2009. They are;

Position

Name

President

:

Mr. Kee Wah Soong

Deputy President

:

Mr. Alex Foong Soo Hah

Vice President for External Relations & Publicity

:

Encik Mohamed Akwal Sultan

Vice President for Membership

:

Mr. Micheal Kok Fook On

Vice President for Research & Publication

:

Mr. Phang Kar Yew

Secretary

:

Encik Ezamshah bin Ismail

Treasurer

:

Mr. Kumaran a/l Chinan

We are also pleased to inform that Mr. Ng Lian Lu is the Immediate Past President cum elected National Council Member; and the rest of the National Council Members elected are as follows:-

National Council Members

1.

Encik Anuar Bin Shuib

2.

Mr. Bong Khee Chin @ James Bong

3.

Dr. Chai Kon Lim

4.

Mr. Kho Chui Ing

5.

Mr. Khor Hock Seng

6.

Mr. Koh Yaw Hui

7.

Mr. Kolandasamy Savarimuthu

8.

Mr. Kwo Shih Kang, Vincent

9.

Mr. Low Kai Foo

10.

Dr. Mohd Kamal Bin Mohd Khir

11.

Encik Mohd Yusoff Hassan

12.

Encik Muhammad Fikri Mohamad Rawi

13.

Mr. Patabisitharam a/l S. P. Thavasu Naidu

14.

Mr. Sek Hai Choon

Thank you.

Yours sincerely,

Chung Kar Yin
General Manager

Dated: 18 June 2009





MFPC Nomination and Election 2009



Dear Voting Members,

We would like to inform that Election Committee has accepted withdrawal from two nominees, En Ezamshah bin Ismail and Dr. Mohd Kamal bin Mohd Khir for MFPC Election 2009 under the category of “Individual Members” Representatives.

Please be informed accordingly and kindly submit your Election Form to the MFPC Secretariat by 4 May 2009, 3.00 p.m.

You are invited to visit our website at www.mfpc.org.my for AGM information.

Should you require further information on the matter, please contact the MFPC Secretariat at 03-26931900.

Thank you.

“COMPETENCE.ETHIC.STANDARDS”

Yours sincerely,
Alex Foong
Chairman for Election Committee

Dated: 24 April 2009





CIRCULAR



Dear Students,

With reference to circular dated 24 November 2008 on RFP Course Materials – New Edition & Examination Languages Offered, we would like to inform that the Examination Board has extended the use of old syllabus texts for examination purposes until July 2009 examination session as follows:

RFP Examinations & Languages Offered

Modules

Examination Session

Syllabus & Language offered

1 to 6

July 2009

  • New (English)
  • old (BM and Mandarin)

7

July 2009

No Change (English only)

The last session for students to sit for old syllabus of Mandarin and BM examinations (Modules 1 to 6) shall be July 2009.

From September 2009 examination session, Modules 1 to 6 will be based on new syllabus and the languages offered will be as follows:

Module

Language

Modules 1 & 2 (new syllabus)

English, BM, Mandarin

Modules 3, 4, 5 & 6 (new syllabus)

English

Module 7 (no change)

English

Should you require further information, please contact Examination Department of MFPC at 03- 2693 1900.

Thank you.

Yours sincerely,

Mohd Taipor Suhadah
Chairman for Examination Board

Dated: 27 April 2009





Notice of 5th Annual General Meeting



NOTICE IS HEREBY GIVEN THAT the 5th Annual General Meeting of the Council will be held at Royal Selangor Club, Jalan Raja, 50050 Kuala Lumpur on 28 May 2009 at 11.30 am for the following purposes:

AGENDA

1. Opening Address by the President.
2. To review and approve the minutes of the 4th Annual General Meeting.
3. To review and approve the Treasurer’s Report and the Audited Accounts for the year ended 31 December 2008.
4. To receive the Secretary’s Report for the year ended 31 December 2008.
5. To re-appoint Azman, Wong Salleh & Co as the Auditors of the Council to hold office until the conclusion of the next Annual General Meeting and to authorize the National Council to fix their remuneration.
6. To conduct the 2nd MFPC Election Proceedings.
7. To transact any other business which may properly be transacted at an Annual General Meeting for which due notice of 30 days shall have been given by virtue of clause 9-10 of the Constitution.

By order of the National Council of MFPC.

Kenny Chong Ching Shon
Secretary
Kuala Lumpur

25 March 2009

Notes:
Voting Members may appoint a proxy to attend and vote at any general meeting of the Association on his or her behalf. The instrument appointing a proxy shall be in writing and signed by the Member appointing the proxy. A proxy shall be a Member of the MFPC. A Member, except the Chairman of the meeting, shall not be entitled to represent more than one (1) Member as his or her proxy. To be valid, this form must be completed and deposited with the Secretariat at Suite 7.01, 7th Floor, Menara Tun Razak, 50350 Kuala Lumpur not less than seventy-two (72) hours before the time of the meeting.

Attachments:
Minutes of 4th Annual General Meeting
Appendix 1 and 2
Proxy Form




ADVERTISEMENT

Job vacancies in our organization

Manager/Assistant Manager
Education/Training Department

Responsibilities:

  • To manage educational development and revision exercise of the Registered Financial Planner (RFP) programme and other programme(s) offered by the MFPC.
  • To establish collaboration and marketing strategies to promote the RFP programme and other MFPC programme(s) to local and private institutions/organizations.
  • To carry out assessment and credit evaluation on academic programme and professional programme towards the RFP Programme syllabuses.
  • To process and supervise CPD endorsement.
  • To facilitate Certification & CPD Board meetings and moderators/lecturers’ meetings.
  • To conduct programme previews and briefings to target groups and individuals.

Requirement:

  • Must possess a Bachelor Degree in Education.
  • Minimum 5 years relevant working experience in education industry.
  • Strong project management skills.
  • High EQ, flexible and adaptive.
  • Skill in negotiation and conflict resolution.
  • Skill in staff relationship development and management.
  • Excellent oral presentation and communication skills.
  • Hard-working and dynamic.
  • Self- motivated, creative and result oriented.
  • Strong command of English and Bahasa Malaysia languages both writing and oral.
  • Ability to speak and write Chinese would be an added advantage.
  • Computer literate, knowledge of MS Office Application is required.

An attractive remuneration package commensurate with qualifications and experience will be offered to the right candidate. Please fax or e-mail a comprehensive resume to the address below:-

General Manager
Malaysian Financial Planning Council (0402-04-5)
Suite 7.01, 7th Floor, Menara Tun Razak, Jalan Raja Laut
50350 Kuala Lumpur
Tel: 03-26931900 Fax: 03-26931700
Email: mfpc@mfpc.org.my




CIRCULAR




PROGRAMME / MODULAR EXEMPTION APPLICATION

Since the formation of MFPC in March 2004, we have worked hard to establish a quality financial planning progarmme, namely the Registered Financial Planner (RFP) Programme. RFP is an approved professional qualification by Bank Negara Malaysia (BNM) and Securities Commission (SC) for the application of Financial Adviser License and Capital Markets Services License respectively. To live to up regulatory as well as industry expectation, MFPC has strived to provide quality education to the Malaysians. We have continuously revised and enhanced the RFP programme materials and the programme has also been introduced to local universities and colleges.

In view of the challenging task of the Certification and CPD Board (CCB) to review and evaluate the applications for programme and modular exemption of the RFP Programme, the National Council has approved to impose a fee on Programme Exemption Application and to revise the fee structure for the modular exemption application.

The fees for exemption application with effect from 1 March 2009 are as follows:

a) Programme Validation Application

        i) Processing Fee: RM100 per application (non-refundable)

       ii) Programme Validation Fee: RM1,000 per programme upon approval

b) Modular Exemption Application

        i) Processing Fee: RM100 per application (non-refundable)

       ii) Modular Exemption Fee: RM100 per module upon approval

You are invited to visit our website at www.mfpc.org.my for further information.

Should you require further information on the matter, please contact the MFPC Secretariat at
03-26931900.

Thank you.

Yours sincerely,

Alex Foong

Chairman for Certification and CPD Board

Dated: 1 Feb 2009





CIRCULAR



Dear Students,

With reference to circular dated 31 July 2008 on RFP Course Materials – New Edition & Examination Languages Offered, we would like to update you that the Examination Board has extended the use of old syllabus texts for examination purposes until 30 June 2009.

RFP Examinations & Languages Offered

Module

Examination Session

Edition & Language offered

1

Jan, March, May 2009

New and Old (English)
Old (BM and Mandarin)

2

Jan, March, May 2009

New and Old (English)
Old (BM and Mandarin)

3

Jan, March, May 2009

New and old ( English)
Old (BM and Mandarin)

4

Jan, March, May 2009

New and Old (English)
Old (BM and Mandarin)

5

Jan, March, May 2009

New and Old (English)
Old (BM and Mandarin)

6

Jan, March, May 2009

New and Old (English)
Old (BM and Mandarin)

7

Jan, March, May 2009

No Change (English only)

Based on the above schedule, the last session for students to sit for old syllabus examinations (Modules 1 to 6) shall be May Examinations 2009. From 1 July 2009 onwards, Modules 1 to 6 examinations will be based on the new syllabus. Please take note that during registration, you are required to indicate your preferred edition (old or new) on your examination registration form.

Effective 1 July 2009, the languages offered will be as follows:

Module

Language

Module 1 & 2

English, BM, Mandarin

Module 3, 4, 5, 6 & 7

English

Should you required further information, please contact Examination Department of MFPC at 03- 2693 1900.

Thank you.

Yours sincerely,

Mohd Taipor Suhadah

Chairman for Examination Board

Dated: 24 November 2008






CIRCULAR



CONSTITUTIONS OF MFPC

We are pleased to announce that the Registrar of Society (ROS) has approved the amendments to the Membership Fee Structure in the Constitutions of MFPC as endorsed at the 4th Annual General Meeting on 22 May 2008. The new membership fees shall be fully in force from the date of ROS approval on 10 October 2008.

Please note the new membership fees for 2009 renewals are as follows:

Yearly Subscription for Class of Membership

ChPO RM 100.00
FSO Member RM 1,000.00
ChFSI RM 1,000.00
FSI Member RM 1,000.00
FSF Member RM 500.00
Ordinary Member RM 200.00
Affiliate RFP RM 100.00
Fellow Member RM 300.00
Student Member RM 80.00
Affiliate Member – Individual RM 100.00
Affiliate Member – Corporate RM 500.00

At the same time, for Members who have paid their membership fees in advance for 2009 and 2010; the National Council has agreed to waive the fee difference in the new and old membership fee structure. This is our small gesture to appreciate your support for early payments of membership fees.

You may refer to Appendix I for the ROS approval on the new membership fee.

We welcome you to visit our website at www.mfpc.org.my for further information.

Should you require further information on the matter, please contact Ms Kogilavany / Ms Sharina at the MFPC Secretariat at 03-26931900.

Thank you.


Yours sincerely,

Kee Wah Soong
President
Dated: 15 October 2008




>>> Click here to download the approval letter.



New...  Job Opportunity for RFPs...

 
Click here for more information
                                                                                            
 With Great Ambition





Circular AFFI
Affiliate-Reply Slip
RFP Ad Hoc Examination Session




Workshop Schedule
Workshop Registration Form
Workshop Contents

PROFESSIONAL INDEMNITY INSURANCE SCHEME


PROFESSIONAL INDEMNITY PROPOSAL FORM for FINANCIAL ADVISERS

ADDITIONAL PROPOSAL FORM QUESTIONS

REGISTERED FINANCIAL PLANNER (INDIVIDUALS) PROFESSIONAL INDEMNITY INSURANCE SCHEME (For RM200,000 Cover)

REGISTERED FINANCIAL PLANNER (INDIVIDUALS) PROFESSIONAL INDEMNITY INSURANCE SCHEME (Excess Layer: RM800,000 in excess of RM200,000)





Registered Financial Planner (RFP)
The premier financial planning mark of excellence

Bank Negara Malaysia - Insurance Act
(Amendment) 2005
RFP is approved qualification for the
application of Financial Advisor (FA)
License
 

Capital Markets and Services Act 2007
RFP is recognized as one of the qualifications
for the application of Capital Markets Services (CMS) License



Continuing Professional Development (CPD) credits requirement for maintaining the RFP designation

RFP designees will have to earn 30 hours of CPD credits every year (subject to review by MFPC) before they can renew their RFP designation. The credits may be earned through studying, speaking or lecturing in CPD validated programmes or in other ways as determined by the Certification & CPD Board from time to time.

The CPD Guidelines serve as a guide on the type of programmes (inclusive training, lecturing, learning and writing) that the planners and advisers should pursue to improve their skills and knowledge in providing good service and advice to their customers.


The financial planning industry in Malaysia comprises a wide spectrum of financial professionals from the unit trust, insurance, accounting, banking, investments and securities industries.

Recent development evidences that the presence of some of these professionals in the financial planning industry constitutes a natural progression from their line of work. In the insurance industry particularly, the presence of financial planners has clearly progressed in keeping with the insurance product lines and the customers¡¯ needs.

Hence, whilst financial planning is a widely used term in the ¡°process¡± of setting financial goals in areas like retirement planning, home ownership, insurance and wealth accumulation, it is also being applied in many industries such as life insurance, banking, unit trust and stockbroking.





   

 

  

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