TAILIEUCHUNG - CODE OF ETHICS AND PROFESSIONAL RESPONSIBILITY

Procrastination is potentially relevant to all five FSA capability categories and to whether many of the facilities proposed in the National Strategy are widely accessed. There is limited evidence that awareness of the procrastination problem is an effective antidote at the individual level. Many behavioural economists take the view that the best response is not informing consumers of the problem or trying to change them but institutional design and regulation that recognises the psychology. An example is externally set deadlines for pension choice with sensible default options built in. People are concerned not only with what they have but how it. | Certified Financial Planner_ BOARD of Standards inc. CODE OF ETHICS AND PROFESSIONAL RESPONSIBILITY CFR Certified Financial Planner CFP6 The certification marks above are owned by Certified Financial Planner Board of Standards Inc. and are awarded to individuals who successfully complete CFP Board s initial and ongoing certification requirements. 2 T E R M I N O L O G Y Terminology in this Booklet Client denotes a person persons or entity who engages a practitioner and for whom professional services are rendered. For purposes of this definition a practitioner is engaged when an individual based upon the relevant facts and circumstances reasonably relies upon information or service provided by that practitioner. Where the services of the practitioner are provided to an entity corporation trust partnership estate etc. the client is the entity acting through its legally authorized representative. CFP Board designee denotes current certificants candidates for certification and individuals that have any entitlement direct or indirect to the CFP certification marks. Commission denotes the compensation received by an agent or broker when the same is calculated as a percentage on the amount of his or her sales or purchase transactions. Compensation is any economic benefit a CFP Board designee or related party receives from performing his or her professional activities. Conflict s of interest exists when a CFP Board designee s financial business property and or personal interests relationships or circumstances reasonably may impair his her ability to offer objective advice recommendations or services. Fee-only denotes a method of compensation in which compensation is received solely from a client with neither the personal financial planning practitioner nor any related party receiving compensation which is contingent upon the purchase or sale of any financial product. A related party for this purpose shall mean an individual or entity from whom any direct or indirect

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