Industry backs compulsory CPD schemes

Firms showed a strong belief CPD should be mandatory throughout the sector, up 63% to 83% since 2004, according to Securities & Investment Institute's (SII) latest report, 'Trends in Continuing Professional Development 2008.' SII examined the attitudes and practices associated with CPD among its members, surveying 1,200 individuals and 18 firms. The research found many firms are already being proactive, as the number of compulsory CPD schemes increased from 60% in 2004 to 73% in 2008. Approximately 40% of firms now place the organisational responsibility for their scheme with their co...