Interplay of Ethics & Sustainability for Greater Growth

Interplay of Ethics & Sustainability for Greater Growth

KUALA LUMPUR, Nov 19 (Bernama) — FPAM organized the Annual Signature Financial Planning Symposium 2021 in collaboration with Malaysian Financial Planning Council (MFPC) and Malaysian Financial Planners and Advisers Association (MFPAA) with the theme of Interplay of Ethics & Sustainability for Greater Growth. The event attracted 370 participants streaming online.

Paul Low, FPAM President led the opening address and emphasized building trust, integrity and ethics to achieve the highest standards of financial planning landscape, thus the collaboration amongst associations signifies industry development consistent with long-term growth.

The second opening address was by Vincent Kwo Shih Kang, MFPC President who spoke on best practices to maintain an ethical conduct and decision-making to enhance the confidence of clients and relational trust.

The Guest of Honor, Datuk Zainal Izlan Zainal Abidin, Deputy Chief Executive, Securities Commission Malaysia delivered his keynote by the recent launching of Capital Market Masterplan 3. The financial planning and advisory industry have seen an increase of 57% growth and further added that a study on the possible consolidation of licensing regime for both financial planners and advisers to be jointly pursued by SC and Bank Negara Malaysia to promote holistic advisory and reducing regulatory costs for intermediaries. He acknowledged that SC is supportive of the recently published code of ethics and best practices specifically for FPs which covers the six codes ranging from integrity, fairness and competency.

The topics covered comprise the expansion of License Financial Planner, various keys on building a sustainable practice, risk management, the how’s on setting a sustainable practice firm as well as free advice, and lastly on ethics and business suitability.