Infocus Life – The Queensland team keeping ahead of the curve

Some of our Infocus Advisory Queensland team members took the opportunity for a quick pic together yesterday when they attended the first of our new FASEA training workshops. These workshops are part of our national initiative to ensure our advice team is ahead of the curve on the new legislative requirements for our industry. Infocus will host more than 300 advisers at these workshops across Australia over the coming three weeks.

Although you may not yet be familiar with the word FASEA, it is something we currently live and breathe at Infocus.   FASEA, or the Financial Adviser Standards and Ethics Authority, introduced a new Code of Ethics effective from January 1 this year.  A fundamental intention of the FASEA Code is to continue to improve our engagement with clients to further enhance the advice experience, and to ensure the understanding and financial capability of our clients. This is something we have always strived to achieve with our clients but the new code now requires us to improve how we demonstrate and document how we go about doing this.  Consequently, this has created greater emphasis on the annual review process which, under the new code, is now compulsory for clients to undertake with us.  We highly value the annual review process as an important opportunity to check in and ensure you are tracking towards your goals.  It also enables us to understand any changes to your circumstances that might require an adjustment to your strategy. We’ll provide you with more information in your annual review invitation so please make sure you take a look through it when you receive your reminder email or letter.

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