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Overview

The Base Statement of Advice (SoA) in AdviserLogic is a comprehensive, pre-configured template designed to assist financial advisers in delivering compliant and structured advice to clients. It serves as a foundational document that outlines recommendations in a clear, professional, and legally compliant manner.

The Base SoA is regularly updated to align with legislative changes and incorporates best-practice financial advice principles. It is designed to be customisable, allowing advisers to tailor content to meet client-specific needs while maintaining compliance with regulatory requirements.

Key Features of the Base SoA:

Pre-built structure ensuring regulatory compliance and industry standards.
Regular updates reflecting the latest legislative changes.
Editable format (DOCX and PDF) for easy customisation.
Integration with Digital Advice workflows for seamless SoA generation.
Free for all AdviserLogic users (except those using custom or licensee-provided templates).

The Base SoA is an essential tool for advisers looking to streamline their advice process, reduce administrative burden, and ensure high-quality, compliant financial recommendations.

SoA Template Updates

⚠️Important

To see Legislative updates related to Calculations please refer to the Legislative Changes article

📌 Note

Within Digital Advice, contribution cap values are provided as guidelines only. Entering higher values will not restrict the completion of contribution recommendations.

Age-Based References

Updated wording from "on or after reaching your preservation age" to "on or after reaching age 60" across:

Non-Concessional Contributions
Spouse Contributions
Salary Sacrifice
Contributions to Super

Other Superannuation-Related Updates

Super Splitting	Removed the "Spreading your benefits" reason item. Updated age restrictions for consistency with legislation.
Superannuation Re-Contribution	Added age conditions to tax-related rules.
Roll Your Pension Back to Super	Updated references from Wealth Protection to Personal Insurance.
Transition to Retirement Pension (TTR)	Adjusted My Advice content for consistency. Added age-based logic to justification items.

These updates ensure compliance with new legislation, improve the clarity of advice documents, and enhance the overall efficiency of your SoA and RoA processes.

Base SoA FAQs

How does AdviserLogic improve the Base SoA?

We continuously update our Base SoA template based on user feedback to improve usability and compliance. Our goal is to provide a streamlined, integrated SoA that aligns with enhancements in Digital Advice workflows.

How do I access the Base SoA template?

Navigate to Digital Advice Scenarios Tab → General Settings.
Select Template → AdviserLogic Advice Templates (Folder).
Choose AdviserLogic Base SoA.

📌 Note

This is the default SoA template for all users, except those using a customised or licensee-provided template.

Is there a cost to access the Base SoA?

No – the Base SoA template is free for all users. However, for customisations, please refer to the Custom Templates information.

How do I register for training webinars?

You can register for training webinars here. If you miss a session, recordings will be available in the Morningstar Academy section in AdviserLogic.

Is the Base SoA compliant?

Morningstar has engaged external legal firms for compliance feedback and incorporated user and licensee input. However, the final compliance responsibility lies with you, ensuring the SoA meets best interest duties and regulatory obligations before presenting it to clients.