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

This subject focuses on the ethical and professional obligations of financial advisers through the broad lens of ethical and professional theoretical frameworks. The professional obligations and conduct imposed by the values and standards of the FASEA Code of Ethics are explained and examined in detail. Students have the opportunity to recognise and respond appropriately to dilemmas encountered as a financial adviser.
Students follow a fictitious case study through much of the assessment, so that they may apply their understandings of the ethical and professional obligations of financial advisers.

On successful completion of this subject you will be issued with a letter of results.

For more information, please refer to the subject outline.

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  • 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

  • CPD
    • Kaplan Professional has assessed this subject. Click here for the following CPD hours applicable from 1 January 2019 on successful completion of this course. For subjects or courses completed prior to this date, please contact Kaplan Professional’s CPD Support team on 1300 527 526 or pdmail@kaplan.edu.au.

  • Duration
    • The duration of this subject is one study period (12 weeks).

  • 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%

  • Prerequisites
    • There are no prerequisites for this subject.

      However, individuals should review the ‘Assumed Knowledge’ tab to understand the prior knowledge Kaplan advises they should hold before enrolling in this subject.

  • Assumed knowledge
    • Not applicable.

  • Course transition subject equivalence
    • Individuals may not be required to complete this subject if they have transitioned from a SIA/Finsia/Kaplan course and have completed the following subjects:

      • there are no equivalences for this subject.
  • Reading list
    • There is no prescribed text for this subject.

      Individuals are provided with key readings and access to Kaplan’s online databases. Individuals are encouraged to research and read widely on the topic.

  • Recognition of Prior Learning (RPL)
    • RPL for FASEA’s Financial Advice Regulatory and Legal Obligations subject may be awarded if your completed prior studies are listed on the FASEA Approved Courses by Higher Education Providers list and are deemed equivalent to this subject. RPL may also be awarded based on prior post graduate studies in accordance with the Kaplan Professional Recognition of Prior Learning Policy.

  • Key Dates
    • Study Period 4-6 2020

      Principal dates Study Period 4 Study Period 5 Study Period 6
      Enrolments open Now Now Now
      Study period commences 06-July-20 31-Aug-20 09-Nov-20
      Census date 22-July-20 16-Sept-20 25-Nov-20
      Study period ends 25-Sept-20 20-Nov-20 29-Jan-21

      Study Period 1-3 2021

      Principal dates Study Period 1 Study Period 2 Study Period 3
      Enrolments open Now Now Now
      Study period commences 04-Jan-21 08-Mar-21 03-May-21
      Census date 20-Jan-21 24-Mar-21 19-May-21
      Study period ends 26-Mar-21 28-May-21 23-Jul-21


  • Fees
    • Enrolment fees Fee
      Subject fee 2020/2021 $2,500

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

      FEE-HELP is available for individuals undertaking this subject as part of a qualification. Click here to find out if you’re eligible.

      Click here for a full list of fees and allowances.

  • How to enrol
    • FASEA Bridging Courses can be located under the following category within the enrolment portal:

      • Financial Services – Postgraduate

      Choose the following under ‘Select Course’:

      • FASEA Bridging Courses

      You will then be required to select your chosen study period. Once you have completed this, select the ‘Ethics and Professionalism in Financial Advice’ subject. 

      Click here to enrol.

      Need help?

      Talk to a Student Adviser on 1300 135 798.