Why financial advisers should do CPD

Professional Advisers Association(PAA) professional development manager Jenny Campbell says that QFEs, such as banks and insurance companies, “are spending millions of dollars training their advisers."

"They're taking CPD very seriously. If we have all of us largely free-range advisers not doing training, who do you think the regulators are going to look at?

“The regulators have given us a really long piece of rope” and have been encouraging the industry to establish its own training framework.

“Otherwise, we're an endangered species as independent advisers and we will end up as part of a QFE or an alligned adviser,” Campbell says.