RDR paper: Accredited bodies to check just 10% of advisers' CPD

In today's final policy statement on professional standards, the FSA states it has decided against raising the 10% CPD sample check requirement "at this early stage". It says it recognises the new regime, it which it will accredit certain industry bodies to ensure advisers meet its professional standards, will need "time to evolve" before the limit is raised. However the bodies must check that 100% of advisers who use their services hold an appropriate qualification, including any qualification gap-fill where required. The accredited body will be able to rely on a previous confirma...