The Malaysian Financial Planning Council (MFPC) today sealed a pact with Quest International University Perak (QIUP) making the latter MFPC’s education provider in Ipoh through the signing of a Memorandum of Agreement (MoA).
The MoA, which was signed at the University’s campus in Ipoh, will see QIUP as an authorized education provider in Perak to provide training for the Registered Financial Planner (RFP) and Shariah RFP.
The RFP and Shariah RFP designation are approved by Bank Negara Malaysia (BNM) and Securities Commission (SC) as the qualification to apply for the Financial Advisers’ Licence and the Capital Markets Services Licence.
QIUP students pursuing the Bachelor of Finance (Hons) and Bachelor of Science (Hons) Actuarial Sciences programmes will be automatically granted the Affiliate RFP designation enjoy expedited pathway to obtain the RFP professional qualifications with six module exemption from the total seven modules. With the six module exemption, students will be awarded the Financial Adviser’s Representative Licence and Capital Markets Services Representative’s Licence upon graduation.
Under this MoA, these graduates may proceed to sit for the final module to obtain full RFP designation at QIUP.
The MoA signatories were Mr. Michael Kok Fook On, President of MFPC and Ms. Chung Kar Yin, Executive Director of MFPC while Professor Dato’ Dr. Raman Narayanasamy, Vice Chancellor and Prof. Dr. Vilasini Pillai, Dean, Faculty of Science and Technology signed on behalf of QIUP.
Mr. Michael Kok said that this move is in line with MFPC’s mission of making the RFP qualification accessible and to promote financial literacy to all Malaysians.
“We are glad to sign this pact today with QIUP as we see the University emphasizes quality education and tying up with them augurs well for MFPC. As an education provider, more Malaysians especially from Perak will obtain the prestigious RFP professional qualifications through QIUP,” added Mr. Michael Kok.
Dato’ Raman said the University is glad to be tied up with MFPC which is part of their strategy to produce industry relevant graduates. “We ensure our curriculum is relevant and current to the industry needs. And today’s partnership with MFPC is a testament to how QIUP is committed to ensure the best qualifications possible.
“I am also made aware that the MFPC exemptions are only offered to top-performing universities and colleges in Malaysia, and the signing today is a testament of QIUP’s quality programme that has undergone rigorous evaluation by MFPC and meets the high standards set by MFPC”, stressed Dato’ Raman.
MFPC is an independent body set up with the noble objective of promoting nationwide development and enhancement of the financial planning profession. MFPC provides an evolving set of Best Practice Standards and Code of Ethics that must be adhered to by RFP and Shariah RFP designees.