Financial Standard Comments - Industry giants ramp up adviser ethics training Financial planners from Australia's top financial institutions will receive ethics and moral psychology training, following major scandals in their advice divisions. https://www.financialstandard.com.au/feed/latest?story=51797259 Tue, 28 Jul 2015 13:54:31 +1000 Tue, 28 Jul 2015 13:54:31 +1000 en-AU Copyright 2026 Financial Standard 5 Comment by George Jones (joe blow advisory practices) If I was a Bank planner I'd find this very insulting. You'd have to have rocks in your head to work as a planner for a bank and put up with this. It's not the planners that need ethics training, it's the senior management of the organization that pressure more junior staff to meet sales targets, to sell so much of XYZ product. Why haven't middle and senior management had to undergo ethics training? The ethics of an organization are influenced from the top and work its way down. The sooner bank planners are segregated from the broader planning community the better.

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]]> George Jones (joe blow advisory practices) Tue, 28 Jul 2015 13:54:31 +1000 Comment by Bill Brown (Estate Forethought)

So 500 AMP advisers and others from the 4 banks are lining up to learn about ethics

Is it thus true to say these people have been advising in an ethics-free zone all these years? Sounds like a lot of SOAs may need to be reviewed.

Ethics are a part of most peoples value system - you either have ethics or you don't. And if you don't practice it every day already, a training course is useless.

And I suppose all those bank sales managers who pressure advisers to meet quotas will be attending as well.

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]]> Bill Brown (Estate Forethought) Tue, 28 Jul 2015 14:18:01 +1000