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ARTICLE · 20 APRIL 2022

Providing personal financial advice to retail clients? A summary of current standards and training requirements

Sophie Grace Pty Ltd
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Financial advisers must have achieved relevant qualifications and training standards to provide advice to retail clients.

AustraliaFinance and Banking
Hannah Murray
Hannah Murray
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Following a number of changes over the past few years, it is understandable that many advisers are confused as to the current status of their training and qualification requirements.  We summarise where things currently stand.

Financial advisers providing personal advice to retail clients in relation to 'relevant financial products' are required to:

Note: 'relevant financial products' are financial products other than basic banking products, general insurance products, and consumer credit insurance:  see section 910A of the  Corporations Act 2001.

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