This assignment delves into the ethical and professional considerations within financial advice, specifically focusing on Kaplan's FPC002B course. It explores the impact of ethical frameworks, such as virtue ethics, and biases, like partisanship, on financial advisors' decision-making processes. The assignment presents a case study involving a financial advisor assisting a client with superannuation withdrawals, prompting an analysis of potential breaches of legislation and ethical misconduct. Students are required to address the ethical implications of the advisor's actions, considering the FASEA Code of Ethics, and the role of cognitive biases such as confirmation bias and loss aversion, and how these biases can affect both the advisor and the client. Furthermore, the assignment emphasizes the importance of research and proper referencing, aligning with the criteria-based marking guide to ensure a comprehensive understanding of ethical practices in the financial planning profession.
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