SEC signs on to campaign
The Securities and Exchange Commission (SEC) has joined 13 organisations from the public and private sectors to implement a project to raise public awareness of personal financial planning.
The SEC signed a memorandum of understanding (MOU) to introduce the ‘‘Financial Literacy: Road to Thailand’s Prosperity’’ project, which aims to raise public awareness of personal finance, retirement savings, accessibility to suitable financial products and services, and investor rights and protection.
The 13 organisations are the Office of Insurance Commission, Social Security Office, Government Pension Fund, Stock Exchange of Thailand, Federation of Thai Capital Market Organizations, Thai Bond Market Association, National Credit Bureau, Association of Thai Securities Companies, Association of Investment Management Companies, Thai Investors Association, Thai Listed Companies Association, Thai Financial Planners Association and Securities Analysts Association.
SEC secretary-general Vorapol Socatiyanurak said the SEC and its allies aim to supervise and develop financial products and services under their jurisdictions to improve people’s quality of life through savings discipline, financial and investment education, financial planning and fundamental knowledge of risk management.
The MoU aims to promote the exchange of information and action plans on knowledge management, experiences and outcomes of financial and investment education as well as risk management.
The cooperation will also address communications with target groups, integrated cooperation, redundancy reduction and effective information management.
This will ultimately improve the target groups’ knowledge as well as financial habits.
‘‘The cooperation and resources from various organisations are definitely a key success factor to achieve a higher level of financial literacy among the public,’’ said Mr Vorapol.
‘‘We trust that the collective action of 14 leading public and private organisations to promote financial literacy will ensure good fortune for Thailand’s prosperity in the long run.’’