Published: 13/10/2025 By Hannah Duncan
From 1 October 2025, a revised Insolvency Code of Ethics has come into effect, bringing the profession in line with updated international standards and modern expectations of behaviour. The changes, agreed by the ICAEW, ICAS and IPA, are designed to strengthen trust, accountability and professionalism across the sector.Key updates include a stronger focus on conduct and culture, with clear expectations that insolvency practitioners act with respect, fairness and integrity in all aspects of their professional life not just in formal engagements. There’s also greater emphasis on acting in the public interest, using an inquiring mind, and recognising the growing role of technology and data, with added duties to safeguard information and assess the reliability of tech outputs.
While the core ethical principles remain unchanged, the revised Code raises the bar for how insolvency professionals demonstrate integrity and judgement in today’s environment.
Our insolvency team welcomes the update as a positive step towards maintaining high ethical standards and reinforcing public confidence in the profession.