What is stated in the FSG if a binder is involved in the financial service?

The correct choice highlights that the Financial Services Guide (FSG) includes a statement identifying and explaining the significance of the services provided under a binder. This is crucial because the FSG is designed to inform clients about the financial products and services they will be receiving, ensuring transparency and clarity regarding the nature of those services, particularly when a binder is involved.

Binders typically represent a temporary insurance contract that provides coverage until a formal policy is issued. Including a detailed explanation of the services related to the binder in the FSG helps clients understand what they can expect and what is being covered during that interim period. This is essential for building trust and ensuring clients are aware of their rights and responsibilities regarding the services provided.

In contrast, the other options either do not align with the purpose of the FSG or provide information that would not be appropriate in this context. A statement indicating that the firm has no responsibility would undermine the transparency critical to the FSG. Detailed financial projections do not typically belong in the FSG, as it focuses more on service descriptions and disclosures rather than client-specific financial forecasts. Similarly, while it’s important for clients to know what services are not covered, the FSG centers on what is offered, making option B the most relevant and accurate