Planners marked down on honesty

Planners marked down on honesty

The general public continues to view financial planners unfavourably when it comes to ethics and honesty, according to a new survey conducted by Roy Morgan.


Roy Morgan's Image of Professions 2016 survey asked people to rate 30 professions in regards to ethics and honesty as either 'Very high', 'High', 'Average', 'Low' or 'Very Low'.

It found that only 27 per cent of those surveyed rated financial planners as 'high' or 'very high' for ethics and honesty, up 3 percentage points from a year ago.

In other finance-related occupations, accountants rated at 51 per cent (up 6 percentage points), bank managers at 30 per cent (down 4 percentage points), and stockbrokers at 14 per cent (up 2 percentage points).

Of all 30 professions surveyed, 23 increased in regards to ethics and honesty while four professions decreased and only three professions were unchanged.

Nurses rated the highest for the 22nd year in a row, with 92 per cent rating them 'High' or 'Very high' for ethics and honesty, while car salesmen rated the lowest at only 4 per cent.

The survey was conducted by telephone with 655 Australian men and women aged 14 and over.

Related Articles

 

Planners marked down on honesty
investordaily image
ID logo
promoted stories

Appointments

Tony Sacre

Sydney Stock Exchange CEO heads to Bentleys

Reporter

David Cumming

Aviva Investors poaches Standard Life execs

Reporter

Dan Annan

BetaShares hires institutional business director

Reporter

Analysis

investordaily image

CBA’s tactical retreat from wealth

Tim Stewart

Edmund Goh

Onshore China bonds – why own them?  

Edmund Goh

investordaily image

The SDGs: an ethical compass for investors

Carly Hammond