Financial Planners are required to keep records of all advice made to clients for a period of up to 7 years.
Malaysians’ financial literacy has improved significantly from 36% to 59.6%. However they still need buckle up to address financial behaviour and numeracy.
As of 2020, there are around RM 105 billion of frozen assets in Malaysia. 90% of this frozen estates are belong to Bumiputera.
Limited number of Financial Planner in the market may hamper national growth.
Takaful with hibah integration concept will be more competitive in nature as compared to conventional insurance which obviously is without this application.