MEDIA RELEASE The Ethics Centre is developing a higher-education ethics course for financial advisers to help them meet the requirements of the Financial Adviser Standards and Ethics Authority (FASEA) reforms.
The Ethics Centre will deliver the pilot ethics and professionalism bridging course for financial advisers in conjunction with an Australian university in late 2019.
Dr Simon Longstaff AO, Executive Director of The Ethics Centre, said the course will support financial advice practices as they integrate the FASEA reforms into their operations.
“Our aim is for this pilot course to set the benchmark for ethics education for the financial advice community as it continues to develop into a profession.
“Financial advisers should be encouraged to offer a competitive professional service in all areas but one – their ethics.
“The ideal is for this emerging profession to have a common ethical foundation, enriched by a common understanding informed by a common set of educational experiences. Our hope is that this new course will be widely embraced across the profession – for the good of society and the clients it serves.”
In developing the bridging course, The Ethics Centre will access the expert guidance of an advisory group comprised of peak industry bodies, consumer advocates and leading academics.
It will also build on the Centre’s existing experience in education for financial advisers, having run the Ethical Professional Program for the financial services sector since 2016. The Ethics Centre was named Training Education Provider of the Year in the 2017 Optus MyBusiness Awards for its Ethical Professional Program.
The course will initially be piloted through the university partner, and The Ethics Centre welcomes expressions of interest from other higher-education providers to facilitate the curriculum after the pilot is complete.