Ethics Workshop: AI Ethics in Financial Advice: Risks, Responsibilities & Opportunities

Increasingly, it is also becoming part of the client engagement process, helping advisers amplify their value by having more time to focus on the human connection. But the speed of its advancement comes with risks that financial advisers need to be aware of and know how to manage. This workshop will address the potential ethical problems that AI presents and explore how advisers can optimise AI while minimising the ethical risks.

On completion of this workshop participants will:

• Understand the main ethical risks AI presents for financial advisers
• Understand the potential impacts of these ethical risks
• Develop knowledge of mitigation strategies that can reduce the risks of AI technologies
• Know how to apply best practice approaches when integrating AI into financial advice

Key topics:

• Professional Responsibility
• Bias & fairness
• Transparency & explainability
• Accountability & liability
• Data privacy & client trust
• Regulatory obligations and compliance
• Risk management approaches
• Best practice principles for advisers
• Practical tools: AI governance checklist

Applied practice development:

Participants are invited to discuss and peer-review relevant ethical client dilemmas on AI, accountability, transparency and disclosure.

Post workshop assessment:

10 multiple choice questions

Speaker Bio

Jane Arnott MNMZ, Director at The Ethics Conversation

Jane is the director of the Ethics Conversation. She delivers practical sector specific business and professional ethics workshops and presentations for professional bodies, public and private sector entities. Jane has facilitated Ethics workshops for Financial Advice NZ for 5 years now and continually evolves these to address changes in business practices. Jane became a recipient of a Queens Birthday Honour in June 2021 reflecting her work as an advocate for Pasifika communities and as executive director of a nationwide conservation not-for-profit. She was appointed an adjunct research fellow, Brian Picot Chair in Ethical Leadership, School of Management, Victoria University of Wellington effective December 2021. Her ethics workshops support speak up processes, effective Codes and the embedding of an ethical culture along with ethical leadership. Prior to the Ethics Conversation she was the first offshore Associate and Country Representative for the UK based Institute of Business Ethics (IBE), a position she held for over ten years.

CPD: 1.5 Hours

Member: $115 (incl. GST) | Non-member: $147 (incl. GST)

Zoom Webinar Link / ID will be emailed to registrants