In an attempt to enhance financial literacy among Bruneians through better understanding on the importance of financial planning, Yang Berhormat Pehin Orang Kaya Laila Setia Dato Seri Setia Awang Haji Abdul Rahman bin Haji Ibrahim, the Minister at the Prime Minister's Office (PMO) and the Second Minister of Finance, launched the Financial Planning Association of Brunei Darussalam (FPAB).

The launching ceremony was held yesterday at the Ministry of Finance.

The pro tern President of FPAB is Dayang Hajah Siti Suhaila binti Dato Paduka Haji Kani and the pro tem Vice-President is Ang Kian Guan. Other pro tern committee members include Dayang Hajah Raeidyah binti Haji Bujang as Secretary and Dayang Ida Nazrena binti Haji Bujang as Treasurer.

Besides raising awareness on the importance of financial planning, the FPAB will represent financial planners in Brunei Darussalam by providing a common platform for those involved in the field of financial planning to conduct useful dialogues and to establish financial planning as a recognised profession.

Currently, there are around 230 professionals in the country with financial planning certification including those from banks, insurance agencies, capital market services and social security organisations.

Ang Kian Guan in an interview highlighted, "The establishment of the Financial Planning Association of Brunei Darussalam is very important because the public needs to understand the significance of financial planning. We need to educate the public that saving and planning for the future are important."

The association can also help disseminate initiatives of Autoriti Monetari Brunei Darussalam (AMBD) to the public.

To further promote the role of the association, a number of roadshows will be organised to recruit members and organise courses to help future financial planners.

Those interested to be a member of the association can send enquiries through e-mail at askfpab @ gmail.com

One of the highlights of the event was the `Financial Planning Showcase', which aimed to raise awareness on financial planning and the services that are provided by financial institutions in Brunei Darussalam. Each financial institution was given a financial planning theme - Income Protection, Credit Health, Savings for a House, Education Planning and Retirement Planning. Takaful Brunei Keluarga (TBK), the Credit Bureau, Bank Islam Brunei Darussalam (BIBD), Baiduri Bank Berhad and the Employees Trust Fund (TAP) participated in the showcase.

Source:
@BRUDIRECT.COM

by BruDirect.com

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