Ethics Centre develops FASEA accredited ethics course for financial advisers


The Ethics Centre has announced it is developing new Financial Adviser Standards and Ethics Authority (FASEA) accredited ethics course for financial advisers.
Both the pilot ethics and professionalism bridging course would be delivered in conjunction with an Australian university in late 2019, the organisation said, and they would aim to support advice practices in integrating the FASEA reforms into their operations.
All expressions of interest from higher-education providers to facilitate the course after the pilot is complete would be welcomed, the Ethics Centre said.
The Ethics centre’s executive director, Simon Longstaff, stressed that the aim for the pilot course was to set the benchmark for ethics education for the financial advice community.
“Financial advisers should be encouraged to offer a competitive professional service in all areas but one – their ethics,” he said.
“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.”
The story has been updated and amended to reflect the clarification from The Ethics Centre that their courses are under development and yet approved.
Recommended for you
Money Management examines the share price of financial advice licensees over one year to 31 March, with M&A actions in the final quarter having a positive effect for two licensees.
A $3.5 million settlement for victims of Melissa Caddick has been approved by the Federal Court following an initial agreement last December.
The Reserve Bank of Australia has delivered its first rate decision since the introduction of a new board structure last month.
Digital advice provider Otivo has launched an interactive tool, powered by artificial intelligence and Otivo’s own advice engine, to help answer client questions.