FPA adopts revised code of ethics
Financial Planning Association (FPA) members have adopted a revised code of ethics that includes a ‘client first’ principle, along with seven other principles that have received the backing of the Minister for Superannuation and Corporate Law, Nick Sherry, and the Australian Securities and Investments Commission (ASIC).
The revised code is enshrined in Regulation 1/2008, which became effective last month and is enforceable from July 2009.
“The revised code of ethics represents a real commitment to the community because clients can now benchmark the FPA as the best way to ensure you get good advice,” said board member and chair of the FPA’s Board Professionalism Committee, Matthew Rowe CFP.
“The code demonstrates to members, clients and key stakeholders that our members stand apart from other financial planners who have not made appropriate commitments to professionalism,” said FPA chief executive Jo-Anne Bloch.
AUTHOR
Mike Taylor
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