By Bryan Tucker posted September 20 2019
While some background changes will be largely irrelevant to clients what will make a difference is that the adviser you obtain advice from will now be required to follow a strict code of conduct requiring him or her to:
- Treat clients fairly
- Act with integrity
- Give advice that is suitable
- Ensure clients understand the advice
- Protect client information
- Have general competence, knowledge & skill
- Have particular competence & skill about the products they give advice on
- Keep competence, knowledge & skill up to date
While you might have throught that these would be a given, only Authorised Financial Advisers, like those employed by Vesta Cover, have been held to those standards by regulatory bodies in the last 10 years.
So, look forward to a more client centred experience from your adviser in the future.