Unit Information
Unit code: BAO7005
Credit points: 12
This unit will explore the ethical and professional capacities required of financial planning advisers. The FASEA Code of Ethics and the origins of ethics are investigated along with reflective practice exercises aimed at betterment of the client-adviser relationship and related compliance. Professional skills including leadership, and interpersonal skills are given attention via podcast interviews with practitioners, structured discussion and metacognitive interaction.
This unit is designed to meet the requirements of a Financial Adviser Standards and Ethics Authority [FASEA] education pathway for new entrants, career changers and existing financial advisers in the financial planning profession. VU will allow students to enrol in unit as a standalone unit provided their enrolment meets what is stated in VU’s Admissions Policy, Admissions Procedure and English Language Admission Requirements Procedure.
The unit contains a mandatory pass component. Successful completion of this unit has the added advantage of satisfying the relevant FASEA education requirements of a bridging unit within an approved degree and may count towards the annual CPD requirement to a maximum of 30 CPD hours per year.
On successful completion of this unit, students will be able to:
- Critically review the function, value and reasons for a code of ethics, including the FASEA Codes of Ethics in the professional financial advice context;
- Articulate complex ethical arguments that demonstrate best interest duty and due diligence to dilemmas and opportunities occurring in financial planning practitioner-client relationships; and
- Contextualise the values underpinning the FASEA Code and prescribe persuasive solutions to emerging ethical problems using a stakeholder orientation.
Item | Assessment | Graded | LO Alignment | Grad Caps Alignment |
Assignment | Reasons for Abiding by Codes of Ethics and Professional Standards (500 words) | 10% | 1 | 3 |
Literature Review | Application of Ethical Framework to Solve Financial Advice Dilemmas (2000 words) | 40% | 2 | 1, 3 |
Case Study | Upholding the Standards of the Profession (2500 words) | 50% | 3 | 1, 3 |
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