You’ve Done Your CPD—But Are You Truly Competent?

You’ve Done Your CPD—But Are You Truly Competent?

Investment advisers must complete 35 hours of CPD annually to stay updated on market changes, taxation, and regulation. This is essential for maintaining a Statement of Professional Standing (SPS)—without which advisers cannot give advice.

However, CPD alone does not prove competence. The FCA Handbook states: “A firm must review on a regular and frequent basis employees’ competence and take appropriate action to ensure they remain competent for their role.” Simply meeting CPD hours does not confirm that an adviser still possesses the required skills and knowledge.

While the FCA allows firms to determine their own competency assessments, such as testing, role plays, or reassessment by examining bodies, many do not test their advisers annually—some never do. Yet, with all advisers holding Level 4 qualifications, regular reassessment should be expected.

At Wizard Learning, we provide everything you need to meet CPD requirements and prove your competence with high-quality, up-to-date training materials.

Monthly CPD – Stay Up to Date
Our accredited CPD system provides access to a monthly CPD programme, offering structured learning on key financial topics, regulatory updates, and industry changes. This ensures advisers maintain and demonstrate their knowledge throughout the year.

Free Trial – Test Your Knowledge
Want to find out what you really know? Our accredited CPD system offers a free 7-day trial, allowing you to test your R01 to R05 knowledge and identify areas for improvement. See where you stand and take control of your learning. Contact us for a trial.

One login, one website, one report—your complete CPD and competency solution.