CPD Top Up or Gap Fill

Retail advisers who already hold or are in the process of obtaining a QCF level 4 qualification, or higher, can achieve full RDR compliancy by filling any gaps related to the new RDR knowledge requirements through structured CPD top up.

CPD top up applies to the following transitional qualifications:

• CISI Investment Advice Certificate 
• Certificate in PCIAM
• CFA Program (Levels I, II or III)
• London Stock Exchange
• CISI Masters in Wealth Management Diploma

Advisers must ensure they keep a record of their analysis along with their exam certificates and structured CPD evidence. The FSA expect that professional bodies and firms will want to see these records.

The details of the syllabus gaps are below.  7city has developed an online training portal which delivers modules designed to address the gaps and to help delegates become RDR compliant.  For more information, click here.

Gap details

• Private Client Investment Advice and Management Certificate
  

  Having successfully completed this exam means you have covered 94% of the RDR requirements.

  Minimum Structured Learning CPD needed for top-up or gap fill to meet RDR requirements:
  Core Financial Services, Regulation & Ethics – 1 hour
  Core Investment Principles & Risk – 3 hours
  Core Personal Taxation – 1 hour

  Gaps to be filled depending on specific delegate roles:
  Securities – none
  Derivatives – 12 hours
  Financial Protection – 1 hour
  Pensions & Retirement Planning – 6 hours

  7city provides a gapfill solution for those who've successfully completed the PCIAM. Click here for more information.

• Investment Advice Certificate 
  
  Having successfully completed this certificate means that you have covered 87% of the RDR requirements.

  Minimum Structured Learning CPD needed for top-up:
  Core Financial Services, Regulation & Ethics – 8 hours
  Core Investment Principles & Risk – 6 hours
  Core Personal Taxation – 1 hour

  Gaps to be filled depending on specific delegate roles:
  Securities – 6 hours
  Derivatives – 12 hours
  Financial Protection, Pensions & Retirement Planning – 18 hours

  7city provides an IAC gap fill solution – click here for more information

• Investment Management Certificate (Level 3) and CFA Level I 
  

  Having successfully completed both these exams you are largely, but not wholly compliant with the RDR requirements. 

  There are gaps to fill in:

  Regulation and ethics

  Personal taxation

  Securities and derivatives

  For more information, visit the CFA UK website

  7city provides an IMC CPD gap fill solution - click here for more information.

• London Stock Exchange
  

  The RDR identifies the following areas requiring gap fill:

  • Regulation and ethics
  • Personal taxation
  • Investment principles and risk
  • Securities and derivatives
  • Financial protection, pensions and retirement planning

  7city provides an LSE gap fill solution – click here for more information

• Masters in Wealth Management
  

  The RDR identifies the following gaps to be filled:

  • Regulation and ethics
  • Personal taxation
  • Investment principles and risk
  • Securities and derivatives
  • Financial protection, pensions and retirement planning

  7city provides an MWM gap fill solution – click here for more information