The Ethics Centre has announced it is developing new Financial Adviser Standards and Ethics Authority (FASEA) accredited ethics course for financial advisers.
Both the pilot ethics and professionalism bridging course would be delivered in conjunction with an Australian university in late 2019, the organisation said, and they would aim to support advice practices in integrating the FASEA reforms into their operations.
All expressions of interest from higher-education providers to facilitate the course after the pilot is complete would be welcomed, the Ethics Centre said.
The Ethics centre’s executive director, Simon Longstaff, stressed that the aim for the pilot course was to set the benchmark for ethics education for the financial advice community.
“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.”
The story has been updated and amended to reflect the clarification from The Ethics Centre that their courses are under development and yet approved.