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New CPD Scheme finalised

The new CPD Scheme for members of the IFoA has been published following a successful consultation. Over 220 of you joined in the consultation providing your thoughts and concerns, but ultimately showing your overwhelming support for the proposals.

On the basis of your consultation responses, the new CPD scheme asks that you continue to record learning activities, albeit in whatever form you prefer, and provides clarity around having Reflective Practice Discussions with appropriate individuals.

The Scheme is a more modern approach to CPD, incorporating aspects of outcomes focused CPD and has been tailored to IFoA member’s needs.

The new CPD Scheme:

  • sets out a single hours based requirement for all Members
  • allows a broad range of activities to be counted towards that requirement, and
  • introduces the concept of Reflective Practice Discussions

Reflective Practice Discussions

Reflective Practice Discussions are an opportunity for Members to consider their learning needs and objectives, the outcomes of their CPD activities and whether those activities have addressed those needs.

Under the new Scheme Members should have such a discussion every year with an individual, and some members will be selected for a discussion with a representative of the IFoA.

Neil Buckley, Chair of the Regulation Board says “This is an important moment for the profession as we embark on a new and different approach to professional development and lifelong learning. Through the pilot of an outcomes focused scheme in some of the organisations accredited under our Quality Assurance Scheme, we saw how a focus on the learning and development needs of each individual professional improves the quality of CPD. This new Scheme allows all Members to benefit from such a process.”

“I want to thank everyone who took the time to participate in the consultation. We considered carefully all your feedback, and made some changes to the Scheme in light of those comments.”

“I look forward to engaging further with Members in the next stages of implementation, and in particular as we explore the detail of the reflective practice discussions.”

Practising Certificates

Alongside the new CPD Scheme, a new version of the Practising Certificates Scheme will also be published. Changes have been made to relocate the additional CPD requirement for PC holders, as detailed in the consultation package. Changes have also been made to reflect the exemptions available from this additional requirement and demonstrate that PC Holders subject to the QAS CPD Scheme are exempt from the additional requirement.

For further information on the QAS CPD Scheme, an optional outcomes focused scheme for QAS organisations, please see the QAS pages.

Start date

The new Scheme takes effect from 1 September 2020. More information willl be provided to Members in the coming weeks. In the meantime any questions regarding your new requirements under the CPD Scheme should be sent to the Membership Team.