CPD for financial advisers

If you work as a financial adviser, you must carry out continuing professional development.

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You need to undertake 35 hours of continuing professional development (CPD) each year – with at least 21 hours of that being structured – if you:

  • hold a Statement of Professional Standing (SPS)
  • hold a Certificate of Professional Achievement (CPA)
  • have chartered status with us and wish to maintain it.

If you’re a pension transfer specialist, you need to complete an additional 15 hours.

 

 

If you deal with products that have an insurance element, eg income protection, buildings and contents insurance and even investment bonds, you'll also need to complete 15 hours of insurance-related CPD. This can be included as part of the 35 hours CPD you carry out as a financial adviser.

Our CPD offering will help you structure and record your ongoing learning. It also meets the CPD requirements for retail investment advisers set out by the Financial Conduct Authority (FCA).

All participants in our CPD scheme are also required to adhere to our Code of Ethics.

 

 

Online structured CPD

We also offer a programme of online structured CPD, which you can complete at your own pace from anywhere with internet access.

The programme covers six standalone topics:

  1.  Pension transfer advice
  2. Financial protection
  3. Retirement and pensions
  4. Taxation and trusts
  5. Investment and risk
  6. Investments.

Each topic includes:

  •  10–16 hours of structured learning activities including reading, video and audio content
  • reflective exercises and testing so you’ll have evidence that you’ve carried out the learning
  • at least six different activities (pdf).

Access to each topic costs £52 for non-members and £35 for members. Terms and conditions (pdf) apply.

Register for online structured CPD
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CPD activities

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Keeping a record of your CPD

You should always keep a record of all the CPD activities you carry out. We suggest you update this as you complete each activity whilst it’s fresh in your mind.

You may need to share your CPD record with your employer, network, the FCA or with us for audit assessment. The Financial Conduct Authority (FCA) require us to check a minimum of one in ten SPS CPD records every year.

You should also upload supporting documents onto your CPD record as evidence of activities you’ve carried out.

If you are a Member of LIBF (MLIBF) you have the option of logging your CPD hours using our online tool, MyCPD. Download the CPD log user guide (pdf) and log into your MyLIBF account to start using MyCPD.