RFA irked by CPD ‘scaremongering’
Simon Rule, a mortgage broker at Rule Financial, has accused education providers and industry groups of spreading misinformation about CPD requirements for their own financial benefit.
Rule said RFAs are being told by various groups that they need to do CPD, a claim he said is unsupported by legislation, which only refers to authorised financial advisers (AFAs) having this requirement.
“CPD has become a scaremongering thing; people like the PAA, TNP and the training organisations are using it for their own purposes. It’s all about money,” he said.
Rule said RFAs can prove their professional competence and continued up-skilling in a number of ways that don’t require them to attend CPD courses.
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