a) Discuss the potential financial risks to a loan guarantor.

b) What is 'scaled advice' and what are the advantages and risks for a client?

c) Does a disclaimer in an SOA assist the client in any way? If so, how? In what way might a disclaimer be used to assist the financial planner?

d) Claire has been able to accumulate $10,000 in savings from her end-of-month salary and is seeking to invest this amount plus the regular monthly salary savings of $400 into a suitable investment. Given her risk profile, the People's Preference Credit Union has been selected as the best financial intermediary to place her funds. The credit union has offered her a high-interest savings account with an interest rate of 8% compounded monthly for the next 4 years for the investment of Claire's accumulated and ongoing savings. What effective interest rate will Claire be earning on her funds?