Most regulated industries now require professional staff to have a professional development plan (PDP) that sets out the training they will undertake to maintain and improve their knowledge and standards.
With Dacreed you can set up professional development plans, have them reviewed by managers, and agreed plans documented.
Training records are then kept within the CPD (Continuous Professional Development) function to log and review against the individual's plan.
In financial services, all financial advisers and nominated representatives are required to have a professional development plan that sets out areas for growth and the training they intend to undertake in the next 12 months to maintain their expertise, address any gaps in their knowledge, and show how this will improve outcomes for their clients.
Dacreed allows you to create your professional development plans with your manager through reviews. Individuals are assigned a PDP review form to complete and submit. This is then reviewed by their manager or the training lead, with an agreed professional development plan being recorded. This provides a clear structure of what training is required through the year. You can create your own form or use one of the Dacreed templates.
Dacreed through its partners also provides you with access to a range of training programmes. View Training Content →
Your PDP should include a mix of training that ensures you are up to date on:
Under the Code of Professional Conduct for Financial Advice Services, particularly Code Standard 9, the requirement is principles-based, not a set number of hours. Advisers must do sufficient training to maintain competence, knowledge, and skill for the nature of the advice they give. FAPs are accountable for ensuring this takes place and can be evidenced.
See how Dacreed makes PDP creation, review, and CPD tracking effortless for your organisation.