During the signing ceremony that took place at Allianz Life Insurance Malaysia office this morning, MFPC’s President Vincent Kwo Shih Kang added that he is grateful that the “partnership with Allianz Life and MU Advisory has enabled the Council to offer a wider variety of real case studies based on the scenarios in the Malaysian market place.” As consumer needs have boosted in the last few years, it seems like a positive move for an agent to undertake a professional certification like PEPAP. He also congratulated Allianz life insurance agents who have stepped forward to complete this professional certificate programme and for their enthusiasm and commitment to professionalise their practice; and at the same time putting themselves in the upper hand position to serve their clients better.
In a speech by the Allianz Life Chief Executive Officer Joseph Gross he highlighted that “high-performance culture is one of the five core values of our organisation, and in driving that home with our agency talent, we put a lot of emphasis in curating our training and development programmes to ensure that these programmes are industry-focused, adds value to our agents, and increases professionalism in their work.” This means that the agreement came just at the perfect time and moment where it could contribute to the aforementioned values.
Upon the completion of PEPAP; the enrolled agents will be awarded the professional designation; Associate RFP designation to them as they have been equipped with modules on Estate Management after a 42-hour contact programme and will be well versed in the planning of wills, trust and the management of Islamic estate. In addition to that, they will also be exempted from the professional Registered Financial Planner (RFP) M5 Estate Planning examination.
Being an independent body, MFPC has worked towards developing the financial planning profession through its professional education programmes and introducing several initiatives and projects to raise the financial literacy of Malaysians from all walks of life. Subsequently, in line with the developments in the Malaysian Financial landscape, the RFP/ Shariah RFP designation was approved by Bank Negara Malaysia as a professional qualification for the application of the Financial Adviser License and Financial Adviser Representative License, and by the Securities Commissions Malaysia for the application of the Capital Market Services License.
Source: Malaysian Financial Planning Council (MFPC)
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