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Exam body warns reading alone is not CPD
Advisers can no longer claim reading Financial Adviser is evidence they are committed to continuous professional development, the ifs School of Finance warns.
In an with FTAdviser, Anne Kiem, chief executive of the ifs School of Finance, revealed how her examination body will keep tabs on how advisers are making sure their knowledge of the industry remains up-to-date.
Ms Kiem, whose organisation was granted accredited body status by the FSA this week, said 10 per cent of advisers who sign up to the organisation's code of ethics will have their CPD logbook checked by the ifs School of Finance.
She said it would not be good enough for advisers to state they were doing CPD simply by reading trade titles such as Financial Adviser.
Advisers would have to demonstrate to the ifs School of Finance how they took knowledge gathered by reading the likes of FTAdviser and Financial Adviser and put this to the test.
She said the ifs School of Finance would be willing to accept continuous professional development undertaken at rival organisations such as the Chartered Insurance Institute and Institute of Financial Planning.
To read the full interview click .
