Adviser quits CII after CPD row

The IFA, a managing director of a North West-based firm, received a letter from the trade body in June asking him to submit CPD records for the last 12 months or face punitive action. An IFA for twenty years, the adviser was told if he fails to comply he would be stripped of his membership, named and shamed in the organisation's journal and reported to the FSA. He has always insisted his CPD is fully up to date and is inspected by an external compliance team, the FSA and an in-house inspector. The MD has since decided to quit the CII rather than comply with its demands and has laun...