Demonstrating ‘best interest duties’ in line with FASEA standards using Lonsec iRate®
The Financial Adviser Standards and Ethics Authority (FASEA) Code of Ethics 2019 is a requirement for all financial advisers.
Lonsec provides an online dedicated training session for financial advisers and their para-planners showing how you can & must be able demonstrate best interest duties of a client in your advice process using iRate®, and its abundant tools.
Training Key takeaways:
• Demonstrating how to compare investments, fees and extra criteria at a product level if making a recommendation to change an investment within a client’s current portfolios
• Demonstrating how to compare a client’s current portfolio against a recommendation you are suggesting for them
• Perform a comparison on multiple Superannuation Investment options prior to making recommendations
• Understand how the underlying asset allocation comparison tool in iRate ® looks beyond the superannuation investment option label and provides transparency on the assets
The content, presentations and discussion topics covered are intended for licensed financial advisers and institutional clients only and are not intended for use by retail clients. No representation, warranty or undertaking is given or made in relation to the accuracy or completeness of the information presented.
Except for any liability which cannot be excluded, Lonsec, its directors, officers, employees and agents disclaim all liability for any error or inaccuracy in, misstatement or omission from, these presentations or any loss or damage suffered by the attendee or any other person as a consequence of relying upon the information presented.