CPD – Continuing Professional Development - is extremely important in insurance broking and other professions. Being able to demonstrate your commitment to and completion of CPD is also a key requirement for membership of many professional bodies. CPD is also a key requirement of the Insurance Distribution Directive, which introduced a requirement for all individuals involved in the insurance distribution chain to complete a minimum of 15 hours of CPD each year. This includes a requirement to address eight key themes as part of your CPD, as outlined by the FCA in the SYSC sourcebook.
The IDD has led to a renewed focus on the quality and relevance of CPD being recorded by individuals. The Development Zone provides a range of tools to help every learner track their progress against the IDD requirements and help them provide robust evidence of their professional development.
At the bottom of the CPD Record of every learner, we’ve included a coloured section to give a quick summary of progress towards covering the eight key themes of the IDD. The coloured blocks are based on an analysis of the entries included in the CPD Record, identifying references to IDD themes.
Individual learners can link entries in their CPD Record to the IDD themes at any time, by using the CPD Wizard (magic wand icon) next to the Objectives section when creating or editing an entry.
By default, CPD records are normally displayed in calendar years, so the colours will show progress over a complete calendar year.
Wherever the Development Zone includes information about the IDD themes, they are always listed in the same order and with the same numbering, so you can be sure about what each theme refers to.
The colour of each summary block is determined by the “best” state found for each theme, showing green where at least one completed activity is found that refers to the theme; yellow where at least one activity is planned or in progress that refers to the theme, or red where no references to the theme can be found in any of the activities displayed.
We don’t draw any distinction or enforce any arbitrary requirements for activities to be of a particular length or a specific type (structured or unstructured), or for a set number of activities to be included for each theme. Activities with objectives that refer to multiple IDD themes may be counted more than once.
The status bar is intended to provide an indication of whether all eight of the key themes have been covered across all of the activities recorded. The system does not check or verify the individual activities or provide any guarantee that you have fully met the requirements of the IDD it’s up to you to ensure that your CPD records are completed in full to provide evidence of what you’ve done and how it has influenced your work.
If it’s been a while since you updated your CPD record, or you find it difficult to know what to put or whether you’ve done enough to get credit for your learning, the Development Zone CPD Mentor tool is a great way of identifying a range of common problems with CPD records and resolving them. It even checks whether objectives have been linked to IDD themes. You can access the CPD Mentor tool for your own CPD Record for the current year by clicking the CPD Mentor button at the bottom of the CPD Record on-screen.