Code: 4.3.3 · Adults
Financial Advice
Descriptors
Knowledge
What you can do at this level
- Kresiliencedaily-lifelarge-majority
Aware that financial advice can be sought when making financial choices and knows when financial advice may be useful
- Klarge-majority
Aware of the difference between independent and non-independent source of investment advice (as defined under EU law)
- Kdigitallarge-majority
Aware that various sources are available to access financial advice
- Kdigitaldaily-life
Aware of the existence of digital advising tools, including robo and hybrid advice tools that combine human and robo advice
- Kdigital
Aware that advice is not always independent
- Ksustainabledaily-life
Aware of financial advisors' obligation to ask clients about their sustainability preferences before giving advice
Skill
What you can do at this level
- Sdigitaldaily-life
Where necessary, makes use of tools designed to provide advice when making financial decisions
Attitude
What you can do at this level
- Adigitaldaily-lifelarge-majority
Confident in one’s own ability to recognise trustworthy sources of advice
- Learning outcome types
- K — What you need to know: theoretical understanding and factual information.
- S — What you can do: practical and technical abilities.
- A — How you approach things: values, dispositions and behaviours.