Continuing Professional Development
This consultation process has now been completed
The Continuing Professional Development for relevant providers guidance outlines the proposed learning requirements required to be completed each year.
The proposed approach to CPD aims to ensure that all providers participate in development programs and activities that ensure they maintain and extend their professional capabilities, knowledge and skills including keeping up to date with all regulatory, technical and other developments relevant to professional practice.
The Standards Authority proposes that advisers be responsible for maintaining a continuous accurate record of their CPD activities, which must be provided to the licensee in order to maintain compliance with the CPD year requirement.
In line with the Standards Authority’s commitment to raise the education and training standards of the industry, advisers will need to complete a minimum of 50 hours CPD per year, the majority of which must be approved.
Advisers will have a reasonable degree of flexibility within these requirements, as up to 20 hours can be allocated to subjects of the provider‘s or licensee’s choosing, and other formal educational qualifications required as part of the standards framework, such as bridging courses, can also be counted towards CPD hours.
The guidance also proposes licensees take an active role in setting and managing the direction of their providers’ CPD activities, as they will be required to publish a CPD policy and assess CPD activities based on guidance provided by the Standards Authority.
The Standards Authority welcomes feedback on any aspect of the Continuing Professional Development guidance, submissions for this proposed guidance will close 5pm 31 August 2018.
Consultation Interests of FASEA
The Standards Authority is interested in your specific feedback on:
Section 3: Responsibility for Continuous Professional Development
Proposal: FASEA proposes that the relevant provider develop and maintain a PDP on a continuing basis, completes at least 50 hours of CPD activity in each CPD Year, maintain a continuous up-to-date and accurate record of their CPD activities, and provide their records to the Licensee in order for them to meet their CPD requirements. See section 3 for more details.
S3.1. Do you agree with the proposed requirement for 50 hours of CPD per year, 70% of which should be approved by the licensee? If not, why not?
S3.2. Do you agree with the proposed Licensee approved CPD approach and the proposal for a published CPD policy? If not, why not?
S3.3 Do you agree with the proposal to develop and maintain a Professional Development Plan? If not, why not?
Section 4: CPD Requirements
Proposal: FASEA proposes that an Hour system for calculating CPD and that formal education will contribute to the CPD requirement. FASEA also provides a framework for different categories of learning and the rules for accrual of hours for each category. FASEA will provide guidelines for Licensee’s to provide a self-assessment approval of different types of non-formal CPD. FASEA requires CPD record keeping by the relevant provider and the Licensee and will provide a CPD Activity template for guidance. Further details in Section 4.
- S4.1 Do you agree with the proposal for an hours based system of CPD calculation? If not, why not?
S4.2 Do you agree with the types of CPD activities proposed? If not, why not?
S4.3 Do you agree with the proposed evidence and record keeping requirements? If not, why not?
S4.4 Do you agree with formal education as a contribution to the CPD requirement? If not, why not?
S4.5 Do you agree with the CPD framework which provides examples of the different categories of learning activity and the rules for hours accrual in each category? If not, why not?
S4.6 Do you agree with the proposal that FASEA will not accredit CPD activities or providers, but will provide a guide with principles, to optimise consistency in the Licensee self-assessment approach? If not, why not?
Section 5: Proposed Templates as guidance only
Proposal: FASEA proposes that it will make available CPD Activity and Professional Development Plan templates as a guide only.
S5.1 Do you agree that templates are useful and should be used as a guide only?
S5.2 Are there any other resources or templates that would be useful?
MAKE YOUR SUBMISSION
Your feedback on this consultation paper will assist FASEA to finalise the development of a Standard for Continuing Professional Development.
Submissions must be provided in writing. To ensure your submission is valid, please email it to our dedicated consultations email address (email@example.com).
Due date for submission: 5pm 31 August 2018