In this essay I will argue that the new British Psychological Society (BPS) Code of Ethics and Conduct (March, 2006) is overly narrow in scope and fails to address some of the most important aspects of work as a psychologist. By failing to consider at a fundamental level our aims as a profession and our means for achieving these aims, I contend that we are in danger of becoming unethical practitioners. In particular, I will explore how psychology’s focus on intrapsychic approaches and inattention to the processes of power in society and the political implications of our work, as mirrored in the therapeutic relationship, can result in us further disempowering our clients. (‘Power is always an ethical issue’ Kitchener, 2000, p.37.) To be truly ethical I maintain that we need to commit to a rigorous questioning and deconstruction of our practices and a realisation that ethics will always be more than ‘conforming to professionally chosen and mediated values and norms of practice.’ (Pattison, 2003, p.49.)