You Have Done Your CPD; But Are You Truly Competent?

You’ve Done Your CPD — But Are You Truly Competent?

Investment advisers must complete 35 hours of CPD annually to stay updated on market changes, taxation and regulation. This is essential for maintaining a Statement of Professional Standing (SPS), without which advisers cannot give advice.

However, CPD alone does not prove competence. The FCA Handbook states: “A firm must review on a regular and frequent basis employees’ competence and take appropriate action to ensure they remain competent for their role.” Simply logging CPD hours does not confirm that an adviser has the required skills and knowledge.

While the FCA allows firms to decide how to assess competence — such as testing, role plays, or reassessment by examining bodies — many firms do not test their advisers annually. Yet with all advisers holding Level 4 qualifications, regular reassessment should be expected.

At Wizard Learning, we provide everything you need to meet CPD requirements and demonstrate competence with high-quality, up-to-date training materials.

Monthly CPD – Stay Up to Date

Our accredited CPD system offers a structured monthly programme covering financial topics, regulatory updates and industry changes. This ensures advisers maintain and demonstrate their knowledge consistently throughout the year.

Free Trial – Test Your Knowledge

Want to know what you really know? Our accredited CPD system offers a free 7-day trial to test your R01 to R05 knowledge and highlight areas for improvement. Contact us to start your trial and take control of your learning.

One login, one website, one report — your complete CPD and competency solution.