ASIC supports FPA short statement of advice project

ASIC has supported the Financial Planning Association (FPA)’s efforts in releasing a
10-page example of a statement of advice (pdf), written in plain English and
tested with consumers.

ASIC published a short example statement of advice in August 2005 (refer to Regulatory Guide 90 Example Statement of Advice (SOA) for a limited financial advice scenario for a new client (RG 90).

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