PUTRAJAYA: PERMODALAN Nasional Bhd (PNB) and its subsidiary, Amanah Saham Nasional Berhad (ASNB), are committed in educating society, especially the younger generation, on the importance of investment and financial planning through its 360 Days Mega Investment Seminar.
This year, more than 900 seminars have been organised as of Sept 30 with more than 77,400 participants from all walks of life. This is an increase of 31 percent from the total participants last year.
Overall, over 5,500 seminars have been organised since 2008, which has benefited almost 546,000 people.
To further improve participation, PNB will introduce e-seminar programmes.
PNB chairman Tan Sri Abdul Wahid Omar said the implementation of the e-seminar is in line with current technological advances.
“PNB will continuously raise awareness on the importance of investment and financial planning.
“Apart from intensifying the existing seminars, we will implement e-seminar, which is expected to be launched next year.
“This new approach is to provide an opportunity for those interested in learning financial management but unable to attend the physical seminar.
“Through e-seminar, PNB expects to see an increase of participation of up to three times,” he said in his speech during the 360 Days Mega Investment Seminar in Putrajaya International Convention Centre here on Saturday.
The seminar complements the PNB Intergrated Investment Education programme, which comprised the Saham Amanah week, PNB Investment Quiz and PNB Smart Investment Club.
The programme was initiated in 2003, but the first seminar that was organised on a daily basis began in 2008.
The seminar was held more than 360 times a year, regardless of public holidays, major festivals and even weekends.
The programme also received the Social Empowerment Award from Enterprise Asia at the Asia Responsible Entrepreneurship Awards 2013.
“This inaugural 360 Days Investment Mega Seminar is aimed at expanding the target of PNB and ASNB in delivering investment and financial management knowledge to a bigger community group,”said Abdul Wahid.
“To ensure the quality and effectiveness of the seminar, the speakers invited are Certified Financial Planners and Registered Financial Planners of PNB and ASNB.
“These speakers will share their extensive knowledge in investment and financial planning through the modules jointly developed by Securities Industry Development Corporation of the Securities Commission Malaysia.
“Our target consists of studentsfrom secondary school, public and private higher education institutions; teacher education institutions, community leaders and local residents. Others include uniformed bodies, civil servants, private sector employees, non-governmental organisations and ASNB unit holders.”
More than 1,000 participants comprising ASNB investors and higher education institution students took part in the seminar, which highlighted the significance of financial management and freedom.
Participants had the opportunity to attend three seminars focusing on basic financial planning, risk protection planning through insurance and takaful, and estate planning.
Speakers included industry practitioners with vast experience in their respective fields.
Malaysian Financial Planning Counsel secretary Anuar Shuib, who presented the fundamental of financial planning module, explained that financial planning consist of five steps — namely setting a financial goal, determining the net value of the money, preparing a cash flow statement, forming an investment programme and implementing the programme.
“Among the reasons why financial planning is crucial is to collect funds during emergencies, to prepare for marriage, to buy properties, and to prepare for education, retirement and holidays,” he said.
Zainal Abidin Wazid, who has 20 years of experience in insurance and takaful, presented the risk protection planning module.
Zainal said there were several guidelines in choosing insurance and takaful.
“A person must assess his personal and family’s needs before buying any insurance, and should get only the necessary policy. One should check the premiums, compare protection plans, seek advice from insurance and takaful brokers and financial advisers, as well as do business with registered insurance and takaful agents only,” he said.
Syarie lawyer Rafie Omar latershared his experience when handling inheritence issues.
Rafie said one should learn estate planning because it prevents arguments between the inheritors, to avoid the inheritor from dealing with heavy debts left by the deceased, ensure the deceased’s assets can be used by the right inheritor and to curb the complexity of the process to claim inheritance.
The seminar concluded with the #cabaranlaburASNB contest prize presentation ceremony.