Financial advisers to get ethics training
The Institute of Financial Advisers (IFA) has signed a memorandum of understanding today with the Institute of Business Ethics to provide business ethics training to its members.
Incoming IFA president Michael Dowling said the organisation was taking a proactive stance on delivering business ethics training.
"We know that advisers' clients rely on our members to demonstrate the highest ethical business behaviour when advising on particular financial products," Dowling said.
"We also recognise that when offering the best professional advice there are sometimes difficult judgments to be made."
The IFA's role was to facilitate professional development and it believed the workshops were the right way to reinforce a commitment to ethical business decisions, he said.
The Institute of Business Ethics is an international body which has nearly 30 years' experience working with organisations and professional bodies, helping to strengthen their ethics culture and that of their members.
The courses will begin in August.