FIMM FCE case studies
FIMM FCE · Put your knowledge to work in context.
The FIMM FCE (FIMM Financial Counselling Examination) is an examination administered within the framework of the Federation of Investment Managers Malaysia (FIMM), the self-regulatory organisation that regulates the marketing and distribution of Unit Trust Schemes (UTS) and Private Retirement Schemes (PRS). FIMM describes itself as functioning in a dual capacity: as a self-regulatory organisation and as an industry representative advocating the development and growth of the UTS and PRS industry, and it states that it is responsible for enhancing the professional standards of UTS Consultants and PRS Consultants to safeguard investor interests and maintain public confidence. The FIMM FCE case studies are 5 cases and about 2,096 words.
1Cooling-Off or Switch After a Market Fall
Mr Tan, aged 38, invests RM30,000 of cash savings into a domestic equity unit trust fund on Monday 4 March. The management company receives his application and signed acknowledgement of the prospectus and Product Highlights Sheet on the same day.
526 words, about 3 min2EPF Members Investment Scheme Eligibility and Suitability
Ms Lim, aged 30, has RM80,000 in EPF Account 1. She wants to invest RM50,000 through the EPF Members Investment Scheme (EPF MIS) into an approved domestic equity unit trust fund recommended by an agent.
423 words, about 2 min3Retiree Income Need and an Equity Income Fund
Mr Raj, aged 68, is retired with RM500,000 in fixed deposits earning 3.0% p.a. He needs RM2,500 a month to supplement his pension.
403 words, about 2 min4PRS Withdrawal for Medical Treatment and a Housing Loan
Ms Nurul, aged 41, has RM85,000 in a PRS account split between a core fund and a non-core fund. She is diagnosed with a serious disease and needs RM40,000 for treatment.
346 words, about 2 min5Employer PRS Default Fund and an Older Employee's Fund Choice
A 15-employee engineering firm wants to start a PRS for its staff. It will contribute RM1,200 per employee per year, paid monthly, and has selected a PRS provider with a default core fund and several non-core funds.
398 words, about 2 min