Planners ignore aged care advice at their own risk

Advisers who fail to consider a client’s aged care needs may risk falling foul of the FASEA standards, an industry consultant has said.

In a statement released on Monday, Aged Care Steps director Assyat David said with three of the 12 standards in the FASEA code of ethics dealing directly with consideration of a client’s long-term interests, advisers were now obligated to consider how all stages of a client’s retirement would be funded.

Read the article in the IFA.