Advisers will need to complete a minimum of 35 hours of relevant CPD each year, according to the FSA's latest Retail Distribution Review paper.
It is likely standards will become stricter as the regulator highlights "this should not just be an accumulation of certificates of attendance". The regulator has confirmed full-time advisers will need to maintain this annual level of development, with at least 21 hours of this being structured learning. It notes many advisers are already carrying out CPD well in excess of 35 hours, but one in five will have to increase the amount of time they spend on structured CPD. It explains: "There will be increased emphasis on providing evidence that the adviser has gained new and relevant...
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