What is a Financial Services Guide (FSG) primarily designed for?

The primary purpose of a Financial Services Guide (FSG) is to enable clients to make informed decisions regarding financial products. An FSG is a document provided by financial service providers that outlines essential information about the services offered, the products available, and the provider's responsibilities. By doing so, it helps clients understand the nature of the services, the benefits and risks involved, and the necessary details they need to assess financial products effectively.

This guide serves as a critical resource for consumers, presenting information clearly so that they can evaluate their options and choose services that align with their financial needs and goals. While aspects like fees and costs could be included in an FSG, the broader aim of the document is to empower consumers with the knowledge required to make well-informed financial decisions.