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Featured Profile
Hugh Killen
MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
For Hugh Killen, several life lessons came from spending time on pastoral properties stretching across northern New South Wales and South-West Queensland.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
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.
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.