fbpx

Why CPD is important and how financial advisers can keep on top of it

Continuing Professional Development (CPD) is a requirement for every financial adviser.

Why? you ask…

According to the Financial Conduct Authority (FCA):

“Advisers will need to complete a minimum of 35 hours of continuing professional development (CPD) each year for retail investment activities, of which 21 hours should be structured. If you carry out other retail activities, such as mortgage advice or managing funds, you will need to carry out CPD for that activity as well.”

In another statement the FCA has suggested that advisers wishing to sell protection must now also complete 15 hours of focused continuing professional training or development (CPD) every year. The 15 focused hours are included in the 35 hours of CPD the FCA already requires financial advisers to undertake every year. 

Continuing professional development is important because it ensures you continue to be competent in your profession. As a financial planner/adviser it is important to keep your knowledge and skills current so that you can deliver the high quality of service that safeguards the public and meets the expectations of customers and the requirements of your profession.

Every financial adviser should be completing their CPD on an annual basis. Areas you should consider:

  • Changes to products
  • Skills and expertise
  • Changes to legislation
  • Technical knowledge
  • Addressing any learning gaps

CPD lets you focus on the specific skills and knowledge that you want to learn. It ensures this learning is carried out in a structured and relevant way, meaning you can continue to improve your skills and proficiency as your career progresses.

The FCA recommends at least 21 hours of the minimum yearly CPD quota must be ‘structured’ learning. This may include seminars, lectures, conferences, workshops or courses, and completing appropriate e-learning.

RM Advance supports your professional development no matter where you are on your journey. All our courses are CPD accredited and can be accessed 24-7 on any device. Click here to learn more about our services.

Learn without limits

Redmill Advance

Stay Connected! Follow us on social media for the latest news, study tips and exclusive offers.

  

Connect with Redmill

Stay up to date with the latest industry news. Connect with us on the below channels for insights, new jobs, helpful tips and more.

Latest News

CII 2025 exam dates

CII 2025 exam dates

The CII 2025 exam dates are now available. So, where to start… Step 1: Book your exam with the CII Exam Exam Date 1 Exam Date 2 AF1 Personal Tax and Trust Planning 18th February 2025 11th September...

The key differences between AF4 and PCIAM

The key differences between AF4 and PCIAM

There are three key differences between the AF4 and PCIAM: structure, syllabus, and technique. Structure AF4 is comprised of three unseen case studies, and short answer questions about them which...

ACPD Experience Events

ACPD Experience Events

AdvanceCPD Experience Events – Test drive the latest way to deliver and report on all of your CPD needs  We know that seeing is believing and that you wouldn’t buy the latest market-leading vehicle...