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Follow the links below to find material targeted to the unit's elements, performance criteria, required skills and knowledge

Elements and Performance Criteria

  1. Create rapport with client
  2. Discuss financial plan with client
  3. Negotiate effectively
  4. Complete and maintain necessary documentation

Performance Evidence

Evidence of the ability to:

create rapport with the client and discuss financial plans

provide financial advice to clients when presenting preliminary, amended or final financial plans that:

complies with industry regulations and codes of practice

assesses the impacts of taxation, social security, economic and other government policy on client investment and financial requirements within the range of products known to the adviser

complete and maintain all necessary documentation.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.


Knowledge Evidence

To complete the unit requirements safely and effectively, the individual must:

review the generic products available in the financial services industry

identify issues and discuss the possible impacts of the following on the client's financial planning needs:

relevant economic, taxation and social security policy

estate planning

explain investment and savings vehicles, financial markets, asset classes and investment characteristics

explain the key features of financial markets, the range of financial products as set out in organisational guidelines, and the investment characteristics

analyse investment risk factors and the relationship to return expectations

describe the key features of:

relevant codes of practice and industry financial plan documentation requirements

requirements related to the disclosure of capacity

discuss the role of the financial planning adviser and the financial planning practice

outline the key requirements of legislation and regulations affecting the financial services industry

describe the internal and external issue resolution processes available to clients in the event of a dispute.