Do You Comply With FASEA Standard 5 and 6?
Tuesday 16 August, 12:00 p.m. - 12:45 p.m. (AEST)
Presenter: Annika Bradley and Rick Di Cristoforo
Join Annika Bradley and Rick Di Cristoforo as they discuss Morningstar’s research and its interaction with these two critical Standards – including the way in which ratings & resources can be used to support compliant advice. They will also simply explain the various terms and methodologies so that advisers are equipped to ‘Know the Product’.
FASEA Standard 5 requires that financial product recommendations are made in the clients' best interest and that they are appropriate to the clients' individual circumstances, with the adviser having a reasonable basis in the recognition of the benefits, costs and risks of those recommendations. FASEA Standard 6 requires that advice takes into account the broad effect of the recommendations recognising the broader long-term interests and circumstances of your client, including specifically recognising whether client preferences such as ESG are provided for.