IFS warns of regulator proliferation

Speaking to the Group in the Houses of Parliament, Chris Ray, Director of Communications at IFS, noted that the Retail Distribution Review contains a requiremenrt for a programme of Continuing Professional Development (CPD), the current level is for 35 hours a year, with a percentage of it structured to be both verifiable and measurable. He said: "The area that causes us concern is the the Accredited Bodies through which advisers will be required to verify their CPD and that the adviser is acting in accordance with a code of ethics. The majority of these bodies are the existing professio...