KUALA LUMPUR – The Malaysian Financial Planning Council’s (MFPC) intended to provide more avenues linking literacy sessions to free consultation matters on any personal financial issues through licensed and registered financial intermediaries to improve the targeted audience’s financial wellbeing next year.
This will include a topic on financial technology (fintech).
The council said it would be launching its public programme for 2022 in conjunction with the Organisation for Economic Co-operation and Development’s (OECD) 10th Global Money Week on March 26, 2022 with the theme “Build Your Future: be smart about money!”.
“The annual international campaign is designed to help young people become financially aware and learn how to manage their money and ‘My Money and Me’ is recognised as a country initiative,” MFPC said in a statement, in conjunction with the My Money and Me financial management workshop held on November 15.
The closing programme was officiated by the Minister of Finance Tengku Datuk Seri Zafrul Abdul Aziz.
In his closing remarks, Tengku Zafrul highlighted the importance of prudent money management and positive financial behaviour of youths and young adults as crucial components in attaining financial well-being.
He also highlighted the findings of a nationwide study conducted in collaboration with MFPC’s research unit and Universiti Putra Malaysia in 2021 which stated that financial literacy is one of the predictors of financial well-being.
My Money and Me is a programme organised by MFPC that aims to provide basic financial knowledge that will allow participants to navigate the impacts of the pandemic through prudent personal financial management behaviour.
The series of public workshops in 2021 was supported by Bank Negara Malaysia, Credit Counselling and Debt Management Agency (AKPK), Federation of Investment Managers Malaysia, Inland Revenue Board, Securities Commission Malaysia, Life Insurance Association of Malaysia and Malaysian Takaful Association.