Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Quick Question: Pension / Life Investments - New Business Documentation

Options
  • 04-08-2009 4:15pm
    #1
    JuliusFranco
    Closed Accounts Posts: 437 ✭✭


    Hi

    I'm just wondering do Irish pension / life insurance customers need to complete some sort of "needs analysis" form or something - a form that can show that the product being sold is suitable for the client??

    Maybe the broker fills it in with the customer or something?

    Does anyone know what the form is called? If it exists

    Thanks
    J


Comments

  • Options
    #2
    [Deleted User]
    Posts: 281 ✭✭ [Deleted User]


    If the customer needs advice, the advisor and client should complete a 'Fact Find'.

    The customer can waive the need for completing this document by signing it to that effect.

    If the product being purchased is on an 'execution only' (no advice) basis, there is no need for a 'fact find'.


  • Options
    #3
    broker2008
    Registered Users Posts: 750 ✭✭✭broker2008


    In general, the contents of a factfind will be an analysis of ones needs. A "Reasons Why" letter would be issued which will outline the reasons why a particular product has been recommended.


Advertisement