Informed Consent: Risks & Retribution Web Series

Implementation, embedding, and the danger of not knowing

12, 18 & 25 March 2020

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Common past practice unlikely to meet new informed consent requirements
Applying informed consent in practice
The 4-step framework to demonstrate informed consent

Informed consent is a foundation of FASEA’s ethical requirements that extends much further than most advisers expect. As a key test area for ASIC if they review your client engagement and advice, it’s essential that you have the processes, procedures and education inside your practice in place to manage this high risk area.

Common past practices are unlikely to meet the new ‘informed consent’ requirements.

This 3 part webinar series will help ensure that you understand the new requirements for achieving informed consent and know how to implement informed consent protocols across your practice.

The series provides practical ways to demonstrate that your clients have provided “free, prior and informed consent” for the fees you charge and the income you earn using a 4-step framework that enables you to demonstrate that your clients understand the benefits of your advice, the risks, and the costs. 

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12, 18 & 25 March 2020

12:00pm - 1:00pm AEDT in ACT, NSW, TAS & VIC
11:30am SA | 11:00am QLD | 10:30am NT | 9:00am WA

What we cover

Using a case study approach, this web series assists you to meet the Code of Ethics requirements to provide "free, prior and informed consent". In each webinar, we demonstrate why past practices may not now meet the informed consent requirements and importantly, how simple changes can often ensure that you are compliant.

Webinar 1: Know your client

12 March 2020

  • What ‘informed consent’ is, and what it is not
  • The 4-step framework for achieving informed consent
  • How to demonstrate that you know your client to obtain their informed consent on the benefits of the advice you provide, and
  • how to document informed consent

Webinar 2: Risk profiling

18 March 2020

Risk profiling and your clients understanding of the risks of the advice you provide. 

  • Risk profiling including tips and traps to obtain informed consent
  • how to demonstrate and document your clients understanding of risk
  • how to demonstrate that your clients fully understand the risks of the advice you are providing in order to provide informed consent

Webinar 3: Fees & insurance commission

25 March 2020

Obtaining informed consent for the fees you charge and the income you receive. 

  • How to obtain informed consent to demonstrate your fees are fair and reasonable and represent value for money
  • How to obtain informed consent to demonstrate the amount of insurance commission you may receive is fair and reasonable and represents value for money, and
  • What additional strategies you can use to demonstrate that the fees you charge and insurance commissions you may receive are fair and reasonable and represent value for money.

Conrad Gilbert

Professionalism & Ethics Adviser, Knowledge Shop 

CFP, Dip FP, B Comm, Grad Dip RS, MBA

Conrad has spent his career working in and exploring financial advice and now brings the practical and technical together in his role with Knowledge Shop. Conrad works with accountants and advisers to navigate the practical impact of the new financial services regime on them, their practice and their clients.

A sessional academic at Griffith University, Conrad held senior executive roles with national financial planning networks and was a former financial advice specialist with BT and Cooper Reeves.

Conrad holds an MBA from the University of Qld, a Bachelor of Commerce from Griffith University and a Diploma of Financial Planning (DipFP) with Deakin University.

Conrad Gilbert
Conrad Gilbert
Professionalism & Ethics Adviser, Knowledge Shop

12, 18 & 25 March 2020

12:00pm - 1:00pm AEDT in ACT, NSW, TAS & VIC
11:30am SA | 11:00am QLD | 10:30am NT | 9:00am WA

Members

Series registration

  • $398 Individual access
  • $680 Office access*
Register Member

Non-members

Series registration

  • $460 Individual access
  • $780 Office access*
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Terms & conditionsAll registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are provided for cancellations received 1 day prior to the webinar. No credits are available less than 2 hours prior to the event under any circumstances.

FPA accreditation pending. Certificates will be issued to registrants on completion.

*The office rate applies per office location (maximum 10 participants per office location). The PD points for all attendees will be recognised - multiple links at same location if required. We will contact you for the names of your team once you have registered as an office.

Requirements

You will need a computer with audio!!

  • Audio Your computer needs speakers or a headset to hear the audio (do a quick check these work). If you are having problems, you can dial in on the phone number provided on the reminders and confirmation but please note your carrier will charge you at long distance rates.
  • Software Join the webinar 15 minutes prior to check that your computer systems allow you to download the GoToMeeting software. Or check your connection days before the webinar by going here
  • Webinar URL To join the webinar, you need to click this link. It was sent to you when you registered and will also be on the reminders - check your spam if you have not received and please contact us ASAP if you have lost.
  • Changing computers If you need to change computers during the webinar, make sure you log off the webinar on the first computer before logging onto the second computer.
  • PC requirements PC users (Windows® 8, 7, Vista, XP or 2003 Server) ; Mac users (Mac OS® X 10.6 or newer); Mobile users (iPhone®, iPad®, Android™ phone or Android tablet).