Non-CPD training 'still worthwhile'
The changes to the Code of Professional Conduct for AFAs, coming into force soon, include clearer guidelines around training hosted by product providers and what constituted “structured” learning.
“If the training is clearly about a specific product offered by a provider, then it is more likely to be classed as a sales training session and therefore would probably not be considered structured learning,” Angi Mann said.
“However, if the training is about the generic application of a product that the provider, along with other providers, offers then it is more likely to be structured learning.”
But Mann said some product providers offered excellent training, and even if their product training sessions don’t count as structured hours they are still clearly appropriate for advisers to attend. “It's about maintaining your competence and knowledge in order to provide appropriate recommendations.”
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