Aged care advice has been moving to a core component of financial advice due to an ageing population. The FASEA standards reinforce the need for advisers to have an effective advice solution to meet imminent and future aged care needs to comply with the Code.
Aged Care Steps’s new White Paper provides practical insights to guide advisers and licensees on the steps to take to be well positioned to meet the FASEA obligations, to protect their business from disruptions and enable advisers to be positioned for growth.
Now is the time to shift to a more productive examination of implementation and what the standards mean for advice behaviour, delivery of client services and operational processes – not only for compliance purposes but also to take advantage of business growth opportunities.
The Aged Care Steps white paper explores issues including who is the ‘duty of care’ owed to when dealing with families and how advisers can meet the competence and efficiency value pillars which are core to the FASEA regulations.
Read the White Paper.
Read an infographic on the key-takes outs of FASEA for aged care.