The best interest obligations:
A) require the financial planner to demonstrate compliance and can include providing supporting documentation as to how the recommended financial products were suitable for the client.
B) include an expectation that the client is given 'perfect advice' in accordance with RG 175.
C) include an expectation that the client is given 'reasonable advice' in accordance with RG 175.
D) both a and c
Correct Answer:
Verified
Q12: The legislation that specifically sets out how
Q13: Examples of assumptions that are often required
Q14: When implementing agreed-upon recommendations in the SOA,
Q15: Prior to engaging the services of a
Q16: The financial planner has a part to
Q18: A sunset clause in a SOA represents:
A)
Q19: Financial advisers are legally required to disclose
Q20: A limited advice plan:
A) considers all aspects
Q21: How can the financial planner/licensee and/or product
Q22: Given that there is no set rules
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