In part one of a new series examining the FSA's professionalism rules, Perspective Financial Group's Julie Hepworth explains how to meet the FSA's annual CPD requirements - and how to keep a record of what you have done.
All advisers should be aware by now of the annual Continuing Professional Development (CPD) requirement of 35 hours, which was confirmed in last month’s FSA Professionalism Policy Statement 11/01 paper. A total of 21 out of the 35 hours must be what the FSA calls ‘structured’ learning. However, there has not been an equal emphasis on the FSA’s comment, which states: ‘All CPD should be outcome-focused; should aim to meet the learning needs of the adviser; and should be evaluated to ensure needs are met.’ The paper goes on to describe CPD as, ‘critical for delivering ongoing improvem...
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