The Personal Finance Society has launched an online ethics toolkit to help its members identify and understand relevant ethical issues connected to financial planners and firms.
The toolkit consists of an introductory module for individuals and a leadership module for managers, focusing on ethical issues identified within the framework of the FSA regulations and the PFS’s own code of ethics.
The modules form a part of of the PFS’s programme of continued professional development and aims to boost members’ background knowledge of ethics and illustrate what the ethical issues associated with financial planning look like in practice.
PFS chief executive Fay Goddard says: “Ethical behaviour among all financial sectors is a rising issue for the public. The FSA’s recent reforms of financial advice have gone some way in addressing this for the advisory sector, making financial planners arguably ahead of the game. But it is still important for financial planners and financial planning firms to embed these practices, demonstrating good culture and conduct going forward and our ethics toolkit is designed to provide some practical guidance.”