CPD reform is biggest RDR change, says CISI

Martin said it was important advisory firms did not focus too much on ensuring their advisers meet the new QCF Level 4 qualifications requirements. She said the "biggest and most strategic changes" were in CPD and ethics. From 1 January 2013, advisers will be required to complete 35 hours of CPD each year, of which 21 hours must be 'structured' learning such as attending seminars, lectures, conferences, workshops or courses. Client-facing individuals will all also be required to obtain a statement of professional standing (SPS) - effectively a practicing certificate - from an accre...