View more on these topics

CISI and Australian finance body introduce new ethics test

Australian financial services professional body FINSIA will be introducing a new ethics test for bankers and securities market professionals, it has announced.

It has partnered with the Chartered Institute for Securities and Investment to develop the test, which comes in the wake of a Royal Commission that has shed light on poor practice across advice, investment and banking in the country.

The new programme, called Integrity Matters, will focus on real-life ethical dillmmas in the workplace and how to respond based on applying ethical judgments.

Death of protection commissions, new titles and no fee flexibility: What Australia’s Royal Commission has ruled for advisers

It will include an Integrity in the Workplace workshop, and form part of a suite of CISI products.

CISI chief executive Simon Culhane says: “The CISI is delighted to work with this leading professional body in Australian financial services which already has a strong focus of professionalism, a core part of which is ethics and integrity.

“We share FINSIA’s view that ethics education, based on these real-life dilemmas, can play a part in helping individuals and organisations recognise and respond more effectively to the challenges which can arise in balancing stakeholder interests. Such programs contribute strongly to organisations’ culture change programmes, as they have done in the UK.”

Culhane says passing the test will be a requirement to become personally accredited.

He also said members should consider retaking it at least five years to retain “ethical currency”.


How advisers invest: ‘We can’t know everything in every asset class and area’

EQ Investors head of investment Sophie Kennedy explains how impact investing has become the USP for the company’s offering to external advisers Do you outsource investment management, keep it in-house or combine both approaches?We offer financial planning and investment management, so we are all in-house. We have managed money for internal clients but one of […]

Standard Life chief executive Keith Skeoch

Standard Life Aberdeen ends joint chief exec structure as Skeoch takes sole leadership role

Standard Life Aberdeen has dispensed with the co-chief exeutive structure it has employed since merger, handing a solo leadership role to Keith Skeoch. The former Standard Life chief executive had been jointly running the merged entity with former Aberdeen Asset Management boss Martin Gilbert, who will now become vice chairman of the group. Gilbert will […]


Kathryn Knowles: The importance of stories in protection

At the beginning of last year, I took a very scary step. I publicly spoke about my mental health issues and other conditions to highlight how difficult it is to get insurance when you are “quirky”. I worried I would be judged and that people would think less of me for having such issues. Colleagues […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm