The CPD challenge for Retail Investment Advisers
Under the Retail Distribution Review (RDR), all individuals that give investment advice to retail clients must undertake a minimum of 35 hours of Continuing Professional Development (CPD) per annum (of which 21 hours must be structured).
Advisers must evidence this CPD, and show that it is relevant to the individual and their job role, in order to obtain a Statement of Professional Standing (SPS) from an Accredited Body.
Without this SPS, a Retail Investment Adviser will be UNABLE to continue advising clients after 2012.
As firms and individuals become familiar with the new requirements in this area, employers and networks are grappling with the problem of how they will create, deliver and manage a suitable CPD programme to their respective audiences.
Developing a relevant and commercially meaningful CPD programme in-house involves a great deal of time and effort: sourcing appropriate subject matter experts, learning research and design, potential investment in the technology infrastructure needed to deliver the learning and, last but not least, the diversion of valuable resource from other key responsibilities.
How CTP can help . . .
To help firms meet the CPD challenge set by the RDR, CTP have designed a range of flexible CPD offerings that can be tailored to the specific needs of your organisation and people, as part or all of your CPD programme.
We can bring to you a CPD solution that:
- Is all set up for you and ready to use
- Is tailored to the needs of your business
- Allows you to choose from a range of delivery mechanisms, such as E-learning, Podcasts,
Face to Face training and a monthly on line financial sector update tool
- Can either supplement an in-house CPD offering or replace the need for an internal programme altogether
- Provides learning relevant to the individual and the role that they undertake
- Allows the individual to measure their achievement against the learning
- Records each activity and stores the results at individual adviser level
Click on the links below to see an example CPD Plan and 12 month CPD log:
To discuss your CPD requirements in confidence and at no obligation with one of our experts please call us on 020 3170 5779 or email info@ctp.uk.com.
|