Financial advisers and other regulated individuals who need to complete continuing professional development (CPD) hours will be able to defer their 2020/2021 CPD hours in “exceptional circumstances”.
Retail investment advisers need to complete a minimum 35 hours of CPD per year but this may be able to be deferred in 2020/21, the regulator has said. Workers can still complete CPD while on furlough or working from home and the watchdog said firms are expected to continue to demonstrate that individuals "remain competent to carry out their work". However, it added that individuals can count as "exceptional" and potentially defer their hours to 2021/2022 in the following circumstances: When individuals during the current pandemic: are needed to carry out extra duties to manag...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
