FPC002B Ethics and Professionalism in Financial Advice (aligns to FASEA bridging course: Ethics for Professional Advisers)

This subject examines the ethical and professional obligations of financial advisers through the broad lens of ethical and professional theoretical frameworks. The obligations imposed by the values and standards of the FASEA Code of Ethics are explained and examined in detail. Students will develop the ability to recognise and respond appropriately to dilemmas that may arise in the course of providing advice.

This subject has been designed to meet the requirements of the new financial planning standards body – the Financial Adviser Standards and Ethics Authority (FASEA). Kaplan Professional is currently pursuing formal accreditation for this subject, which is expected to be attained prior to the subject’s Study Period 4 2019 initial commencement date (8 July 2019).

For more information, please refer to the subject outline.

  • Learning Outcomes
    • On successful completion of this subject, individuals should be able to:

      1.    Explain the role of ethical frameworks and professional standards within the financial planning profession.
      2.    Assess the impacts of cognitive, judgement and decision biases on financial advisers and their clients.
      3.    Demonstrate an understanding of professional obligations and conduct required by the values and standards of the FASEA Code of Ethics.
      4.    Identify and solve ethical dilemmas encountered as a financial adviser through application of ethical frameworks and professional standards.

  • Subject content
    • Topic Title
      Topic 1 Introduction to ethics, including individual cognitive bias and sources of judgement and decision bias
      Topic 2 The concept of professionalism
      Topic 3 The financial planning profession and the FASEA Code of Ethics
      Topic 4 Values underpinning the FASEA Code of Ethics
      Topic 5 The application of the FASEA Code of Ethics – Ethical behaviour (Standards 1 – 3)
      Topic 6 The application of the FASEA Code of Ethics – Client care (Standards 4 – 6)
      Topic 7 The application of the FASEA Code of Ethics – Quality process (Standards 7 – 9)
      Topic 8 The application of the Code of Ethics – Professional commitment (Standards 10 – 12)
      Topic 9 Contemporary issues in ethics and professionalism

  • Assessment
    • Assessment Type Description Week Topics Weighting
      Analysis Task Research and reflection task Week 4 1-3 20%
      Assignment Assignment (case study/scenario based long and short answer questions) Week 8 1-7 40%
      Examination Multiple-choice questions and case study/scenario based short answer questions Week 12 1-9 40%

  • Pre-requisites
    • There are no pre-requisites for this subject.

  • Equivalent and incompatible subjects
    • Equivalent subject(s): None

      Incompatible subject(s): FPC002 Applied Financial Planning

  • Reading list
    • There are no prescribed texts for this subject.

  • Recognition of Prior Learning (RPL)
    • No rp process available for this subject.

  • Key Dates
    • Principal dates Study Period 4 Study Period 5 Study Period 6
      Enrolments open 29-Apr-19 24-Jun-19 02-Sep-19
      Study period commences 08-Jul-19 02-Sep-19 11-Nov-19
      Census 24-Jul-19 18-Sep-19 27-Nov-19
      Study period ends 27-Sep-19 22-Nov-19 31-Jan-20

      Note: no early access will be available for this course.


  • Fees
    • Enrolment fees Fee
      Subject fee AUD $2,400

      Note: as this subject is delivered as a standalone subject, no FEE-HELP is available.

  • How to enrol
    • Choose your subject

      FPC002B Ethics and Professionalism in Financial Advice as a stand-alone subject is a non-award course.

      When enrolling online, it can be located under the following category:

      • Financial Services – Postgraduate

      Choose the following under ‘Select Course’:

      • Non-award course

      Click here to enrol.

      Need help?

      Talk to a Student Adviser on 1300 135 798.