Advisers call on FSA to give greater weight to CPD

Katrina Lloyd
clock

The FSA should give more emphasis to ongoing skill development and CPD when it assesses if firms are meeting Training & Competence requirements, advisers urge.

Research commissioned by the regulator also found firms would welcome greater detail on how the T&C regime could be met but would not want a return to the previous prescriptive approach. They call on the FSA to give greater weight to the application of skills and Continuing Professional Development (CPD) rather than just focusing on qualifications. However, the regulator defended its approach saying the perception it does not pay enough attention to 'soft skills' within the TC requirements is incorrect. "Our competence regime focuses on skills, knowledge and expertise. However, we ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Women in leadership: Being authentic is a strength

Women in leadership: Being authentic is a strength

‘Leadership in financial services is a team sport’

Jenna Brown
clock 16 April 2024 • 7 min read
Advisers seeing clients 'stretch finances' to afford private school

Advisers seeing clients 'stretch finances' to afford private school

Parents ‘stretching finances’ to finance private education

Sahar Nazir
clock 16 April 2024 • 1 min read
FCA's Howard: Firms' culture must change to attract female talent

FCA's Howard: Firms' culture must change to attract female talent

‘We need a different and better mix of advisers and advice’

Jenna Brown
clock 16 April 2024 • 4 min read