The course will help financial advisers meet the requirements of the FASEA reforms with the delivery of a pilot ethics and professionalism bridging course in conjunction with an Australian university.
Executive director of The Ethics Centre Dr Simon Longstaff said the course would support financial advice practices as they integrate the FASEA reforms into their daily 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,” he said.
“Financial advisers should be encouraged to offer a competitive professional service in all areas but one – their ethics.”
Dr Longstaff said he hoped the course would be embraced by the profession for the good of their practices and the clients they serve.
“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,” he said.
The Ethics Centre will reach out to an expert advisory group comprised of peak industry bodies, consumer advocates and academics.
The course will build upon the centre’s current Ethical Professional Program, which it has run since 2016, and will be piloted through a university partner.
Do you think Fasea meets these definition of Corruption and Transparency ?
https://www.transparency.org/what-is-corruption
They have no credibility to make decisions, which impact thousands and will cost millions (which only benefit them)
How is it possible with this much corruption, fasea has not been disbanded?
Proof if any was needed that FASEA is an outrageously conflicted organisation. Longstaff should be investigated for corruption.
Sorry Cookie – I actually read a similar article first thing this morning in Money Management which opened with “The Ethics Centre has announced the launch of the new Financial Adviser Standards and Ethics Authority (FASEA) accredited ethics course for financial advisers.”
https://www.moneymanagement.com.au/news/financial-planning/new-launch-fasea-accredited-ethics-course-financial-advisers
Fasea Ethics Exam Question:
If you sit on a quango Board, can you direct business (via policy) to your own business/industry? NO!
[quote=Adrian Raftery]So how did is this the only Ethics Course that is FASEA accredited yet no announcement by FASEA? I hope a please explain is issued by FASEA and a press release similar to 22 June 2018 rebuking this claim. PS New FASEA website looks magnificent & a great use of resources & priority[/quote]
God help your students if this is your level of reading comprehension. They are DEVELOPING the course – they haven’t said they have a FASEA approved course. The statement is clearly just letting us know they intend to deliver an approved ethics course.
Can’t wait to learn about ethics. I’m sure I can learn a lot from an obviously conflicted body like the Ethics Centre!
How is it that the Board and Management of Fasea have not been terminated for these Conflicts and and Ethical issues?
Its hardly surprising that FASEA have failed to garner support from advisers for the educational reforms when these laughable conflicts of interest continue. The clocks ticking and still advisers have been left hanging whilst waiting for this inept body to complete its overdue work!
The irony is astonishing. An Ethics organisation not appreciating they are in a conflicted situation. The sad thing is, I’m not even surprised anymore. Play on.
What a wonderful example to all industry participants as to what constitutes “Ethics”.
Any comments AFA and FPA, or is silence easier?
Ah, all has now been revealed. The Ethics Centre are represented on the FASEA Board. Noice !!!! In another world that would be known as a CONFLICT, if not INSIDER TRADING !
So how did is this the only Ethics Course that is FASEA accredited yet no announcement by FASEA? I hope a please explain is issued by FASEA and a press release similar to 22 June 2018 rebuking this claim. PS New FASEA website looks magnificent & a great use of resources & priority