IFAonline's sister title Professional Adviser has linked with the Institute of Financial Planning (IFP) to allow advisers reading the publication to accrue CPD points.
In a nutshell, the more, related, articles you read in Professional Adviser magazine (see below how to subscribe for free), the more points you can collect.
CPD - continuing professional development - is the means by which advisers maintain, improve and broaden their knowledge and skills.
The FSA says advisers with current Level 4 qualifications can use CPD to meet any new minimum standards set as a result of the Retail Distribution Review (RDR).
Here's how it works:
Professional Adviser is accredited by the IFP for unstructured CPD which is likely to be found in its educational and technical knowledge sections. The amount of credits claimed will depend on how long an individual takes to read any appropriate articles.
Under the IFP's CPD scheme, all members are required to undertake a range of CPD activities to demonstrate they meet professional standards. CPD activities may cover the following areas:
- Professional Standards and Compliance including Ethics
- Technical Knowledge
- Personal Development
- Practice Management
Reading professional journals such as Professional Adviser will acquire one point per hour of reading. Members should satisfy themselves the content is appropriate for their own development when allocating CPD points to their CPD record.
A number of articles in Professional Adviser magazine will be tailored to help improve advisers' technical knowledge.
The content will be reviewed quarterly by the IFP but members can also make their own assessment of the areas covered.
Professional Adviser is a weekly magazine, out Thursdays, aimed at UK financial advisers. Subscription is free. To get your copy and start accruing CPD points, email [email protected]IFAonline
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