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Research Proposal on Ethics in Financial Planning

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Added on  2020-04-29

Research Proposal on Ethics in Financial Planning

   Added on 2020-04-29

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RUNNING HEAD: Research ProposalResearch ProposalEthics in Financial Planning
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Research Proposal 1Table of ContentsResearch title:.............................................................................................................................2Introduction................................................................................................................................2Aims of the research...................................................................................................................3Research problem.......................................................................................................................4Research questions.....................................................................................................................5Literature review........................................................................................................................6Research methodology...............................................................................................................7Justification of the methods selected........................................................................................12Targeted participants................................................................................................................13Ethical issues............................................................................................................................14Sample of questionnaire...........................................................................................................15Conclusion................................................................................................................................17References................................................................................................................................18
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Research Proposal 2Research title: Ethics in Financial PlanningIntroductionThis research program has been executed on the topic “Ethics in Financial Planning” which has discussed the concept of ethics and its importance in financial planning. The term ethics can be explained as the moral principles adopted by an individual which guides the individualwhile conducting an activity. Ethics plays a vital role for every professional as professional works by complying with the ethics or values. Financial planning is an important element which helps an individual in identifying the ways useful for the attainment of the goals by effectively managing the financial resources available (Chun, et. al., 2013). While performingthe operations, a professional need to follow the ethical standards set. There are various ethical principles which a professional can follow for complying with the ethical standards. These ethical principles include integrity, objectivity, competence, fairness, confidentiality, professionalism and diligence. A professional may face an ethical dilemma while performing the operations and it is vital to follow ethical standards for overcoming the dilemma (Smith, 2010). This research proposal will focus on developing the knowledge of the concept of ethics and role or importance of ethics in financial planning. Different research methods will be discussed in this research which will be used for collecting relevant and quality data for the research program.
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Research Proposal 3Aims of the researchThis research program has been executed with an intention to develop knowledge of the concept of ethics and its importance in the life of a professional. A Professional faces different situations and for overcoming these situations, there is a need to adopt ethical principles. These ethical principles will be discussed in this research program with a motive to explain their importance in the life of a professional. This research program will develop the knowledge of the impact of non-compliance with the ethical standards set. This research will develop knowledge of the role of ethics in the financial planning system of this changing business environment.
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Research Proposal 4Research problemWith the change in the business environment, there has been a change in the manner activitiesof the professionals are being carried out. Ethical dilemmas are being faced by the professionals engaged in the financial planning system which needs to be dealt in an effectivemanner. These ethical dilemmas faced are affecting the quality of the services offered by the professionals in the financial planning system. This problem needs to be dealt in an effective manner. Ethics or ethical principles need to be adopted by the professionals for the purpose ofmaintaining the quality of the services offered to the service users.
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Research Proposal 5Research questionsEthics in Financial Planning is an important aspect which affects the quality of the services offered in the financial planning system. Research questions have been framed with a motive to form a base on the basis of which information related to the research will be gathered. Research questions formulated for this research program are listed below:1.What is the role or importance of ethics in financial planning?2.Which factors act as ethical issues affecting the attitude or behavior of the professional?3.Which ethical considerations can a professional adopt for dealing with the ethical dilemmas?
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