Who Needs RG146 / PS146 Training?
CASE STUDY: Bank and Credit Union Staff
Do you?
- Want to be able to provide advice rather than simply operate from a script?
- Take enquiries from clients in relation to financial products other than credit facilities?
- Do you operate within the confines of a script when communicating with clients?
- Want to provide clients with advice about mortgages, insurance or superannuation?
- Do you provide recommendations or opinions on deposit or other related financial products?
If so, then ASIC policy requires...
Under the Financial Services Reform Act 2001, all individuals who provide incidental personal or general financial product advice to retail customers must meet the minimum training standards as outlined in ASIC Policy Statement 146.
In any event, your peers are:
Many Banks and Credit Unions are providing RG146 / PS146 training for their customer facing staff so that they can provide personal financial product advice. While general bank and credit union staff are, in large part, protected from RG146 / PS146 compliance, this is only as long as they remain under supervision of a compliant manager and do not deviate from the provision of only factual information. For many organisations, prudent risk management and simple commercial reality dictates that Bank and Credit Union staff needs to be RG146 / PS146 compliant.
Next step?
The benefits?
These courses provide the first step towards increasing the value of your business by:
- Obtaining the requisite RG146 / PS146 knowledge and skills;
- Investigating the significant revenue opportunity; and
- Learning from experienced financial planners and other students working in the industry
Upon successful completion of this combined course, you will be able to provide personal advice on property ownership structure, listed property trusts, managed investments, managed investment schemes, income protection, life insurance, business overheads and trauma insurance.