Doing time: is 35 hours' annual CPD enough?

DOING TIME

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Is a total 35 hours' worth of continuing professional development (CPD) each year a suitable requirement given the ever-changing financial sector? Charlotte Richards reports...

"I, and some of the people I know in this industry, will have completed 35 hours' CPD by the end of March," one IFA said. "To say 35 hours is the requirement for the whole year is frankly ridiculous." Do you agree? It will not have escaped yoru attention that the requirements for annual CPD are changing. From 1 January, under the incoming Retail Distribution Review (RDR) professionalism rules, all advisers must carry out 35 hours of activity a year, with 21 of those structured. Structured CPD is any activity which uses materials or activities designed to achieve a specific learning...

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