CPD in the Financial Services & Insurance Industry

All about CPD requirements in the Financial Services & Insurance Industry

Continuing Professional Development (CPD) is an essential aspect of professional growth and competence in the financial services and insurance industry. CPD refers to the ongoing process of learning, developing skills, and updating knowledge to ensure professionals remain up-to-date with industry trends, regulations, and best practices.

CPD accreditation in the Financial Services & Insurance Industry has thus become a significant marker of excellence. Different countries have their own regulatory bodies overseeing the financial services and insurance industry. For example, in the United States, the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) regulate financial services, while insurance is regulated at the state level by various insurance departments.

CPD requirements cover a wide range of topics relevant to the industry. These may include technical knowledge, regulatory updates, ethics, compliance, risk management, customer protection, financial planning, investment products, insurance products, and emerging trends.


By adhering to CPD requirements,


in the financial services and insurance industry can enhance their knowledge, skills, and competence, ultimately providing better service to their clients and staying abreast of industry developments.

The CPD Requirements

From The Professional Bodies, Associations, and Institutes for Practitioners in the Financial Services & Insurance Industry


All members, excluding certificated members have to complete the annual CPD scheme of 35 hours to retain their professional designation. Certificated members must complete 15 hours of CPD per annum. CBI's scheme runs from 1 January to 31 December and there are annual targets for each membership category.


LIBF members who are Chartered, hold a Statement of Professional Standing (SPS) or hold a Certificate of Professional Achievement (CPA) will need to undertake 35 hours of CPD per year, with at least 21 hours being structured. Members that are a CeMAP Professional, will need to undertake 15 hours of mortgage related CPD per year.

The Personal Finance Society (PFS)

The PFS supports the Chartered Insurance Institute (CII) CPD requirements of 35 hours compulsory CPD per annum. The society provides a range of CPD support and events, as well as an online learning service. In The Personal Finance Society All CPA/Personal Financial Specialists (PFS) are required to complete 20 hours of CPD annually within the credential body of knowledge.


CPD helps ensure that CII qualified members have the knowledge and skills necessary to succeed in the competitive insurance industry. The scheme caters for all qualified members, irrespective of their specialism, discipline or geographical location. CII members need to complete a minimum of 35 hours of compulsory CPD in a 12-month period.

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The Institute of CPD

As a pan-industry organisation, The Institute of CPD is open to professionals across all fields, and a home to those dedicated to demonstrating professional excellence. Depending on their membership level, a member of the Institute will commit to 10 or 30 hours of CPD per year.

Some of Our CPD Accredited Financial

Services & Insurance Industry Training



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