CISI Continuing Professional Development (CPD)



Continuing Professional Development (CPD) is of key importance to all practitioners in the financial services industry.  It can be defined as "the systematic maintenance, improvement and broadening of knowledge, experience and skills, and the development of personal qualities helpful in the execution of professional duties throughout a career". The need to remain compliant and be informed of all new industry developments is paramount.

At the CISI, we are committed to providing all members with the tools needed to comply with the regulator's rules. CPD is a very important part of raising standards of professionalism.  Annex 3 of Membership Regulations offers a definition of continuing learning.

Assisting members to maintain their ongoing competence is one of the three core principles of the CISI. To assist members in achieving their CPD targets, we offer a large number of free benefits.


CISI CPD Scheme

The CISI encourages its members to log CPD, but CPD is mandatory for members who are, or are looking to become, Chartered Wealth Managers, Individually Chartered, or members that are affected by the Retail Distribution Review (RDR). The CISI stipulates a minimum of 35 hours of recorded CPD per annum on the CISI CPD Scheme or that of a CISI Accredited Firm.

Currently, all members following the CISI CPD scheme must record at least one hour in each of the four learning categories: active, reflective, self-directed and development of others.

However, from January 2014 the CISI CPD scheme is being redeveloped to match the scheme followed by those under the Retail Distribution Review (RDR). From January, of the 35 hours logged, 21 hours must be Structured CPD with 14 hours either Structured or Unstructured.  The CISI recommends members check with their firm as some firms specify more Structured hours. 

The CISI CPD scheme is free to members and meets the requirements of the UK regulator. The CISI CPD scheme can be accessed here.

Random audits of completed CPD logs are carried out to ensure that all CPD recorded is relevant to the industry.