Registered Financial Planner

1. What is financial planning?
It is a process or methodology of assisting clients in determining their financial goals, objectives and priorities and the resources to meet them in an optimal and practical manner.

2. What is Registered Financial Planners (RFP) programme?
The Registered Financial Planner (RFP) programme is created by Malaysians for Malaysians and sanctioned by Bank Negara Malaysia.

3. Who are the initial promoters of RFP programme?
The initial promoters of the RFP programme are Life Insurance Association of Malaysia (LIAM), Malaysian Insurance Institute (MII) and National Association of Malaysian Life Insurance and Financial Advisors (NAMLIFA) through the National Body called Malaysian Financial Planning Council (MFPC) for Malaysian financial planning professionals and organisations.

4. What entry requirements or qualifications do I need to have before I can study for the RFP programme?
You need to have a SPM or MCE or GCE (O) Level with passes in at least six (6) subjects, including English and Mathematics;

or

You will also be required to be a contracted agent or involved in the financial services industry with a diploma or a degree qualification;

or

You will also be required to be a contracted agent or involved in the financial services industry without a diploma or a degree qualification but must have at least one (1) year’s experience in life insurance selling or in financial services industry.

5. What working experience do I need to possess before I am considered, qualified to sit and take the RFP programme?
From Question 4, you need to have at least a SPM, MCE or a GCE (O) Level with passes in at least six (6) subjects, including English and Mathematics.
At least one year’s working experience is required in life insurance selling or in the financial services industry.

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Finally got a relevant reason for me to take my degree. For those who don't know, registered financial planner is not INSURANCE agent and it's a professional job equivalent to an Accountant or Tax Planner. In Singapore, a Registered Financial Planner (RFP) charges S$200 an hour for consultation and currently, i heard, it's still free in Malaysia.

After i got a RFP license, and with a reserve fund of RM200,000 in Bank Negara Malaysia (or don't know what department) i can open a company providing financial service. Oh yeah~~~