Financial Planning and PS146 - the Key to Success
December 1st, 2008 by 
Administrator
Ps146 policy statement 146 provides you with the compliance to provide general or personal advice to a client for a particular financial product. If you provide general information on a superannuation product without doing anything, you are giving a general advice.
If however you provide advice based on the individual’s financial status and financial goals, you are giving personal advice. Some companies have gone to RTOs Registered Training Organisations to get them to do just the general advice courses. This then allows their telesales people to provide general knowledge of the product itself to the client while on the phone. For more detailed information, please come into the office. Then there is a further qualified financial planner to take your case and advise you further.
I’ve never gone through a financial planner before but I’m sure if I do, I’ll be asking them for their ps146 compliance certification just to be double sure. You never know whether they are trying to pull a fast one on you or not. So at least you can be assured that if anything happens, you can go back to ASIC Australian securities and investments commission to discuss this matter further. But rest assured, go to big companies and you will not have any issues.
Posted in Teaching + Training | 