CPD: The important role of trust in ethics and financial advice

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Recent research shows trust in financial advisers has risen in Australia…however, 58 percent of prospective clients lack trust in advice. This article, proudly sponsored by GSFM, explores the inextricable links between trust and ethical practice in providing financial advice. The Oxford dictionary defines trust as: “The belief that somebody/something is good, sincere, honest, etc. and

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CPD: Ethics – It’s not all black or white

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The financial adviser Code of Ethics seeks to impose ethical duties that go above the requirements of the law. While those laws may be clear, anything open to subjective interpretation can be prone to ‘grey’ areas – unfortunately, not everything is black and white or clear cut. In this article, proudly sponsored by GSFM, those

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CPD: The unethical client

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The industry media regularly publishes stories in which an absence of ethical behaviour is apparent. However, about those situations where a financial adviser is instructed by a client, but cannot act on that instruction without breaching an ethical standard? This article, proudly sponsored by GSFM, will examine this issue in line with the Code of

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CPD: Ethics and your practice

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The Financial Planners and Advisers Code of Ethics 2019 (Code of Ethics) is a set of standards and core values designed to encourage higher standards of behaviour and professionalism from financial advisers and licensees. This article, proudly sponsored by GSFM, examines that Code and how it serves to support professionalism and ethical practices. The Code of Ethics

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CPD: Ethics and the client’s best interests

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Acting in a client’s best interests is something we all want – and expect – from our service providers. It underpins good service, professionalism and ethical behaviour. The interplay between those factors is explored in this article, part of the Ethics Series proudly sponsored by GSFM. According to ASIC, the best interests duty and related

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CPD: Ethics and the use of listed investments and securities

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The upsurge in listed products continues unabated as the share market bull-run continues. The number of active ETF launches has been especially high, resulting in a commensurate increase in the number of investors – and financial advisers – using listed securities and products in diversified portfolios. This article, proudly sponsored by GSFM, examines some of

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CPD: Ethics and design and distribution obligations

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The Design and Distribution Obligations (DDO) legislation, as detailed in ASIC’s Regulatory Guide 274 Product Design and Distribution Obligations, comes into effect on 5 October 2021. This article, proudly sponsored by GSFM, examines how ethics (and FASEA’s Code of Ethics) intersect with DDO obligations. The Treasury Laws Amendment (Design and Distribution Obligations and Product intervention

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CPD: Ethics – why good people make poor choices

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Ethical values provide a moral compass by which people live their lives and make decisions. This article, sponsored by GSFM, investigates the ways financial advice practices can support ethical behaviour to provide financial advice to clients that is always in their best interests. Since 1994, the Ethics & Compliance Initiative (ECI) has conducted a longitudinal,

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CPD: Ethics and the professional practice

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In financial planning, ethics can be distilled into acting in the client’s best interests at all times, acting with competence, honesty, integrity and fairness. In short, the way any one of us would like ourselves and our family members and friends to be treated by a professional service provider. This article, proudly sponsored by GSFM

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CPD: Ethics and your elderly clients

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The COVID-19 pandemic not only caused older Australians to worry about their health and finances, it reportedly increased the incidence of elder abuse. This includes an increase in reported financial elder abuse, something financial advisers should be aware of. In this ethics article, sponsored by GSFM Pty Ltd, elder abuse and the ethical ramification for

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