8. Process of Providing Financial Advice Flashcards
1
Q
What is the money and pensions service?
A
Organisation formed by 3 existing government guidance providers
2
Q
What are the 5 key needs that a client will have?
A
PIPSI
- Protection
- Income Protection
- Pensions
- Savings
- Investments
3
Q
Client needs must be:
A
Identified
Discussed
Quantified
Prioritised
4
Q
Written reports must:
A
Give a balanced view
Listing advantages & disadvantages
5
Q
When should firms be assessing the suitability of their investment advice
A
At least annually
