White paper: Code of Ethics and aged care advice
Aged care advice has been moving to a core component of financial advice due to an ageing population. The Financial Planners and Advisers Code of Ethics 2019 reinforces 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’ updated White Paper provides practical insights to guide advisers and licensees through the steps needed to be well positioned to protect their businesses from disruptions and be positioned for growth.
Now is the time for productive implementation to understand what the standards mean for advice behaviour, delivery of client services and operational processes – not only from a compliance point of view but also for how to take advantage of business growth opportunities.
The Aged Care Steps’ white paper explores issues including who 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 Code.