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Maggie and Bert, a married couple, are seeking advice on improving the performance of their superannuation funds. The advisor (Samuel) is an authorized representative of

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Maggie and Bert, a married couple, are seeking advice on improving the performance of their superannuation funds. The advisor (Samuel) is an authorized representative of Fast Growth Financial Services Pty Ltd. Samuel advises Maggie and Bert to roll over their current superannuation benefits (not related to Fast Growth Financial Services) to Fast Growth Superfund (managed by Samuel's employer). Samuel was in a rush, so he didn't attempt to compare Bert's likely returns if he were to stay in his current fund with those of the Fast Growth Superfund. He did not mention that Maggie now will incur increased ongoing fees to Fast Growth Superfund. Samuel also forgets to document his recommendation in the client file. Is Samuel's behaviour professional? In your response, discuss two (2) likely breaches of the Corporations Act and three (3) likely breaches of the Financial Planners and Advisors Code of Ethics 2019 (including references to professional standards). Maggie and Bert, a married couple, are seeking advice on improving the performance of their superannuation funds. The advisor (Samuel) is an authorized representative of Fast Growth Financial Services Pty Ltd. Samuel advises Maggie and Bert to roll over their current superannuation benefits (not related to Fast Growth Financial Services) to Fast Growth Superfund (managed by Samuel's employer). Samuel was in a rush, so he didn't attempt to compare Bert's likely returns if he were to stay in his current fund with those of the Fast Growth Superfund. He did not mention that Maggie now will incur increased ongoing fees to Fast Growth Superfund. Samuel also forgets to document his recommendation in the client file. Is Samuel's behaviour professional? In your response, discuss two (2) likely breaches of the Corporations Act and three (3) likely breaches of the Financial Planners and Advisors Code of Ethics 2019 (including references to professional standards)

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