Financial Planning
Ethics Centre to launch FASEA approved course

The Ethics Centre is developing an ethics course for financial advisers to help them meet the requirements of the Financial Adviser Standards and Ethics Authority (FASEA) reforms.

The bridging course is expected to be piloted in conjunction with an Australian university later this year.

The Ethics Centre executive director Simon Longstaff explained the course will support financial advisers in integrating 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," 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."

In its development of the bridging course The Ethics Centre will consult peak industry bodies, consumer advocates and leading academics.

The Centre has run the Ethical Professional Program for the financial services sector since 2016.

It says that it is currently welcoming expressions of interest from other higher-education providers to facilitate the curriculum after the pilot, with the current university partner, is complete.

The Centre declined to reveal which university it is partnering with as it is in the final stages of the collaboration agreement. It said that it will announce those details once the agreement is finalised.

The Ethics Centre is a not-for-profit organisation which offers a range of ethics programs aimed at the business community.

Read more: The Ethics CentreFASEAEthics AuthorityFinancial Adviser StandardsEthical Professional Program forSimon Longstaff
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