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FCA joins PFS CPD programme

Regulator is keen for sessions to be interactive and for advisers to ask questions.

The FCA will deliver continuing professional development sessions as part of the Personal Finance Society’s regional conference programme next year.

The sessions will be used to give advisers guidance on what the regulator sees as best practice across the market. The PFS will make the content available to other organisations, including networks and support services firms.

Speaking to Money Marketing last week, PFS president Keith Richards said the move was an encouraging departure from how the FSA acted in the past.

Richards said: “The FCA has agreed to be part of our CPD programme, which means they will have their own slot and will be providing more proactive guidance, support and examples of good practice which will help firms to understand a bit more confidently what is expected of them.

“That is a change that would not have happened in the past. Whilst the FSA always agreed to be present at conferences or events, it was usually pretty well scripted and reasonably cautious.

“We are now seeing a regulator prepared to engage in a far more proactive way, and they were very insistent that their sessions offer an opportunity for interaction and for advisers to ask questions.”

Separately, the PFS continues to secure backing for its Consumer Confidence campaign, which aims to present a more united adviser profession to the public and build consumer awareness and trust in financial advice.

Last week it announced that New Model Business Academy and Panacea Adviser, as well as  a number of national and regional advice firms, have joined the campaign.

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