Codes of Professional Conduct

Our Codes of Professional Conduct provide a broad set of principles for the conduct of a member’s professional activity

STEP Code of Professional Conduct

All STEP members are expected to abide by the STEP Code of Professional Conduct, which highlights the principal professional standards that a STEP member agrees to uphold.

STEP prides itself on the high standards and competence of its members. In order to maintain clients’ trust and respect we ensure that our members behave professionally and ethically, comply with all relevant regulations and legislation, and keep their skills and competencies up to date.

Guidance on certain aspects of STEP's Code of Professional Conduct, including professional indemnity insurance and insolvency, can be found below.

Professional Conduct in Relation to Taxation

All members who advise on UK tax must also adhere to guidance on Professional Conduct in Relation to Taxation (PCRT). This guidance has been developed and published by all UK accounting and tax professional bodies. 

The latest revision to PCRT launched on 1 November 2016 and becomes effective from 1 March 2017. PCRT now includes five fundamental principles of tax planning which all STEP members who advise on UK tax must comply with.

STEP Code for Will Preparation in England & Wales

Members practising in England and Wales are also expected to abide by the STEP Code for Will Preparation. Will writing is not a regulated activity in England and Wales, so in 2014 STEP introduced a Will Writing Code – a set of ethical principles that demonstrate openly the standard of transparency, service and competency clients can expect from a STEP member when preparing their will.

STEP members can use Will Writing Code logo, subject to the STEP will writing code logoRules for Use to demonstrate to their clients their adherence to the Code.