Eastspring Investments Bhd chief sales and marketing officer Yap Siok Hoon says Malaysian parents are more confident than those in other Asian countries when it comes to money parenting, the process of educating children about money matters. According to Eastspring’s report entitled “#Money Parenting: Do it right together”, Malaysian parents have a score of 0.67 in the Money Parenting Confidence Index, which was developed by the asset management firm to gauge the confidence level of parents in educating their children on money. However, the task is getting increasingly challenging given how fast the global economic environment and financial industry are changing. Money can be invested offline through unit trust agents or financial planners, or online through platforms like Fundsupermart.com, various robo-advisory and alternative financing platforms. She says the government can make money matters and financial planning part of the school syllabus.

Source: The Edge Markets February 16, 2021 02:03 UTC