In force from 1 October 2018, the Insurance Distribution Directive (IDD) introduces the need for firms to ensure anyone dealing with insurance related products have appropriate knowledge and ability to complete their tasks competently. To help meet this regulatory requirement, “firms” must ensure employees carry out a minimum of 15 hours of CPD every 12 months. The content of the CPD needs to meet certain conditions set out in the FCA handbook SYSC 28 28.2.3
These 15 hours can be included in our 35 hour SPS, CPA or Chartered requirement. 5 hours of IDD related CPD can be included towards CeMAP® Professional status. Firms, not us as an Accredited Body, are responsible for ensuring the IDD CPD is carried out correctly.