On 20 March, the Financial Adviser Standards and Ethics Authority Limited (FASEA) released a draft code of ethics for financials advisers. FASEA is seeking consultation on how the draft code will address consumer detriments in the financial advice area, how other standards relate to the fundamental standard that advice (or referral or other service) that a consumer gets from an adviser does not produce inappropriate personal advantage to the adviser, and the practical application of the code in a range of areas.

Consultation closes on 1 June 2018.