Insurance Law

To What Extent Must Financial Advisers Know Their Clients?

Authors: Katherine Hayes, Partner and Greg Stirling, Senior Associate

A recent Supreme Court of Queensland decision in the case of Bankier v HAP2 Pty Ltd [2019] QSC 101 has highlighted the need for financial advisers to enquire into their clients’ personal circumstances and warn of the material risks of implementing their advice, particularly when they are aware of issues that may impact their clients' future earning capacity. 

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