Adviser may quit "mafia-like" CII over CPD probe

The managing director of a North-West based IFA, who has asked to remain anonymous, received a letter from the CII dated 10 June asking him to submit CPD records for the last 12 months or face punitive consequences. It states he has been selected at random and asks for records to be handed over within four weeks, adding it sent an original request in May. The adviser has been told if he fails to comply he will be stripped of his membership, named and shamed in the organisation's journal and reported to the FSA. The adviser, an IFA for 20 years, says the CII is acting outside its r...