The client’s financial needs are generally based on their own personal situation and preferences.

It explains and records the advice and the reasons for the advice as well as to how the advice will be used and applied.

Without a proper financial needs analysis a financial adviser cannot determine the client’s financial needs nor make appropriate financial recommendations.

The information provided by the client will be analysed and a product that is considered to be suitable for the client will be recommended.

It will also serve as ... in the case of disputes and allow a client the opportunity to make an informed decision.

The client has more cover than required.

The ... and ... is a very important document and may never be partially completed or left blank.

The representative does not have to keep a Financial needs analysis and Record of advice that was given to client.

When completing Section 4: Recommended Products, you must only complete the financial product that you recommend?

FNA is legislated in the .... General Code of Conduct

You must complete the client’s details in the blocks labeled Adviser Surname and Adviser First Name

The Needs Analysis and Record of Advice are designed to help you the representative to provide advice and allow a client the opportunity to make an informed decision.

The client has lower cover or savings than required.