Question

What do ASIC look at in relation to training for staff members?

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Answer 1

ASIC looks at the following points in relation to training for staff members:

Training of Financial product advisers-

A financial advisor is a professional who can assist you with your finances in a number of ways. This expert can help with investing, financial planning, retirement planning and more.

Meeting the general obligations-

This guide describes what we look for when we assess compliance with most of the general obligations.

Organizational competence-

The term that has been used in the world of performance management for many years. It is routinely used by human resource professionals and by organizational change consultants to refer to the universe of employee skills that the company must have in order to achieve their plans.

Professional standards-

To raise the education, training and ethical standards of financial advisers providing personal advice to retail clients on more complex financial products.