BTFG strengthen ethics through program



BT Financial Group (BTFG) is putting its advisers and leaders through The Ethics Centre’s Ethical Professional Program to formalise ethical awareness, education, and training of its people.
BTFG general manager for advice, Mark Spiers, said the industry needed to get ethics and behaviour right to shape and lift the culture across the advice industry.
“This is a strong step towards formalising where the industry is going ahead of the new professional standards due in 2019,” Spiers said.
“Not only will the program support our advisers, but importantly it will help to lift consumer trust in the value of advice and their confidence in financial advice as a noble profession.”
Commenting, The Ethics Centre executive general manager, Ed St John, said: “Ethics are our most effective watchdog. The more we talk, think, dissect and practice, the more we see the rewards across business, behaviours and decision making”.
The first 500 BTFG advisers and leaders would complete the course by 30 June 2017.
Recommended for you
Results are out for the latest sitting of the ASIC financial advice exam, with the pass rate falling for the second consecutive sitting.
Adviser losses for the end of June have come in 143 per cent higher than the same period last year, and bring the total June loss to over 350.
ASIC’s enforcement action is having an active start to the new financial year, banning a former Queensland financial adviser for 10 years in relation to fees for no service conduct.
ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay.