Ensuring competent financial advice
- Increasing competence of financial consultants
- Introducing financial advisory services
Description
Ensuring competent financial advice involves establishing and enforcing standards for financial advisors, including rigorous training, certification, and ongoing professional development. This strategy aims to protect clients from misinformation, conflicts of interest, and unethical practices by promoting transparency, accountability, and regular performance assessments. By implementing clear regulatory frameworks and accessible complaint mechanisms, it remedies issues of mismanagement and fraud, fostering trust and informed decision-making in financial services.
Broader
Facilitates
Facilitated by
Value
SDG
Metadata
Database
Global strategies
Type
(D) Detailed strategies
Subject
Content quality
Yet to rate
Language
English
1A4N
V6610
DOCID
13266100
D7NID
215007
Editing link
Official link
Last update
Dec 3, 2024