How does PS 146 / RG 146 apply to para-planners?
Para-planners are representatives that perform functions such as collecting information from retail clients about their objectives, financial situation or needs, preparing draft Statements of Advice (SoA) and assisting in the explanation of financial product advice to retail clients. If you work under direct supervision of a person who meets the PS 146 / RG 146 standards, then it is not mandatory for you to be RG 146 qualified. However, para-planners must have the necessary competencies to perform their functions. As such, para-planners routinely complete the following course as it provides the specialist knowledge they require to successfully perform their role.
