Search results: 204
Understanding guaranteed income in income insurance plans entails recognising that these plans offer a reliable source of income, typically through regular payments over a specified period of life. This income is often unaffected by market fluctuations, providing financial stability and peace of mind.
Learning Outcome:
By the end of the course, participants will be able to:
- Classify the different kinds of insurance and understand what kind of insurance an individual needs
- Recognise the difference between insurance savings plans and unit trust investment plans
- Explain what Income Insurance Plans are.
- Define the difference between Investment Return and Guaranteed Income.
- Understanding the loan function on the financial calculator
- Explain how loan amortisation works
- Recognise how returns on property investments are calculated
- Discuss what affects property valuation
It is important to review budget changes yearly. While tax is an imposition by the government, there are always possibilities to arrange your tax affairs in such a way as to attract the least amount of tax. This one-day program will highlight the recent budget amendments and also provide a platform to discuss tax planning ideas that will contribute immensely to wealth maximization. Taxation pervades the four pillars of financial planning – wealth accumulation, protection, preservation, and distribution. Every financial service professional should be adept at taxation, both the law and the planning opportunities.
The workshop aims to empower participants with fundamental knowledge and skills related to (the recent major changes in Malaysian taxation), enabling them to make informed financial decisions and enhance their overall financial well-being.
In April 2022, Bank Negara Malaysia (BNM) announced the five successful applicants for the digital bank licenses. BNM has specifically used the terms “unserved” and “underserved” to describe the digital bank’s market segment. Are these newly licensed digital banks a threat to existing traditional banks?
According to a Boston Consulting Group June 2021 report, there are 249 digital banking players globally, but of those, only 13 have been successful in generating a positive bottom line. And out of the 13 successful players, ten are based in the Asia Pacific region. As such, while many digital banks globally have gained market share with the growing liberalization by regulators, not many are profitable.
While the buzz is ongoing for the 5 successful digital bank applicants in Malaysia, traditional banks continue their digital path to remain competitive and relevant. This course will touch on the “unserved” and “underserved” segments as described by BNM; the strategic path to success that can be adopted and the challenges faced by these 5 new players.
In the past, most of the financial planners needed one skill to be “successful”, which is the ability to sell, and get clients and will be solely compensated by commissions, if the planner unable to keep finding new prospective clients to sell to soonest or later the income will quickly go to zero. However, as the need by the consumer has shifted, the key abilities are technical competency to give the right advice, and empathy skills to form and deepen the client relationship and the sales and business development will then comes later.
The tactics for building generational wealth within Asian Heritage involve a combination of disciplined saving, strategic investing, entrepreneurship and a strong emphasis on family values and support.