More than half the Chartered Insurance Institute’s disciplinary action in 2012 were due to failings in members’ continual professional development.
The CII’s Professional Standards Board annual report has revealed there were 525 disciplinary and eligibility cases taken up against its members last year, of which 274 were against CPD defaulters. The annual report says the majority of CPD defaulters took action to get their CPD up to date before the disciplinary process was completed.
Of the remaining 253 non-CPD disciplinary cases, 148 were related to membership applications including criminal convictions and insolvency issues.
Professional Standards Board chairman David Mcintosh QC says a robust approach to self-regulation is an important part of building and maintaining professionalism in the industry.
He says: “As someone who has seen the pros and cons of how other professions are regulated – at least in a statutory sense – I believe it is important the profession gives active support to robust self-regulation.
“This model, if it functions well, can provide a more flexible and voluntary route to raising standards in the public interest.”