Under the policy, a fact find must be completed in all circumstances for which scenarios?

• A. D (i), (ii) and (iii)
• B. A (i) Only
• C. B (ii) Only
• D. C (i) and (ii) Only

Answer: (A)

A fact find is essential because it builds a complete picture of the client’s financial situation, needs, and objectives before any advice or product recommendation is made. The policy pushes for this information gathering in any scenario that could affect suitability or risk, ensuring the adviser can tailor recommendations accurately and demonstrate compliance.

In this question, the requirement is that you complete a fact find in all circumstances for the three sub-scenarios described. The best choice is the one that states a fact find must be completed for all three of these sub-scenarios, not just some of them. This reflects the principle that when multiple potential situations could influence what advice is appropriate, you must have thorough information for each one.

If you were to limit the fact find to only one or two sub-scenarios, you’d risk missing important details in the other scenarios, which could lead to unsuitable advice or gaps in compliance.