CPD2023-07-25T15:43:52+10:00

Continuing Professional Development

CPD

Financial Services and Consumer Credit CPD

Australia’s financial services marketplace is constantly evolving. Whether it’s responding to the regulatory environment, new technology or global trends, you need continuing education solutions that flex and move with your business.

You can either:

Make your CPD points count

Our CPD goes beyond just explaining applicable rules and regulations. It:

  • inspires learners to reflect and think critically
  • supports employee capability and engagement
  • promotes ethical decision making
  • fosters agility and resilience in evolving markets

while meeting ASIC’s RG146, RG105 and RG206 continuing education regulatory requirements.

Annual CPD to meet your regulatory requirements

Frequently asked questions

Why do advisers need to complete CPD?2021-12-17T10:26:02+11:00

ASIC requires licensees to have in place policies and procedures to ensure that they and their advisers are undertaking continuing training. The purpose of this training is to maintain and update the knowledge and skills that are appropriate for their activities. It is essential because how markets operate and regulatory requirements can change rapidly.

What should training policies and procedures include?

Best practice tips for licensees include:

(a) nominating a person who is responsible for continuing training

(b) deciding how much training each adviser needs each year

(c) establishing annual training plans for each adviser

(d) keeping records of advisers’ training programs.

Refer to ASIC’s Regulatory Guide 146 for detailed information.

How many hours does ASIC require an adviser to complete each year?2021-12-17T10:24:49+11:00

ASIC has not prescribed a minimum number of hours per year that an adviser should spend on continuing training. This is because the time required will vary according to the adviser’s activities and level of experience. Licensees should nominate an appropriate figure, based on each adviser’s activities and experience. For guidance, you can look up what minimum hours relevant professional bodies have set for their members, while in our experience the industry standard is 20 CPD points/hours per year.

What is a CPD year?2021-12-17T10:25:17+11:00

A CPD year is the 12-month period within which advisers need to satisfy annual CPD requirements. Licensees can select any month to commence their CPD year from; however, many find that administering their CPD programs is easier if their year starts in either January or July. Others align their CPD year with that of an industry or professional body they are a corporate member of.

When does an adviser need to commence their CPD training?2021-10-15T23:31:49+11:00

Once an adviser has completed their initial RG146 training, they have 12 months before they must commence CPD. CPD is then required to be completed each year within the CPD year their licensee has nominated.

What is FEP’s Mortgage and Credit CPD program?2023-07-25T15:21:53+10:00

Our Credit and Mortgage Broking CPD (RG206) is an essential annual update for credit licencees. It covers everything you need to know in one convenient online course.  Each program earning 20 CPD points.

Can I customise a training plan to meet my organisation’s compliance requirements?2022-08-26T17:14:48+10:00

Absolutely. Contact us to customise a training plan for your organisation.

If you have questions about financial services regulation and what training is needed to satisfy requirements, information can be found in

What is FEP’s Financial Services CPD?2023-07-25T15:21:08+10:00

Our Financial Services CPD offers financial participants and organisations a complete online solution to satisfy ASIC’s RG146 general advice ongoing education requirements.

It also suits financial workplaces as a framework to meet the general licence requirement to be adequately trained and competent. (under RG104 and RG146.34-35).

What is FEP’s Responsible Managers CPD program?2022-11-25T10:21:11+11:00

Our CPD program is an essential annual update for responsible managers and governance, risk and compliance leaders.

  • Released annual each year (January – December)
  • Contains five topics in alignment with what the regulators are prioritising
  • Earns 15 CPD hours/points (3 CPD points per topic).
  • Topics are separately assessed so can be studied one at a time, across the year.
  • Assessment is via a multiple-choice quiz for each topic.

 

How do I enrol my team?2024-01-22T12:18:46+11:00

You can enrol your team either:

  • Easily enrol online (you can add multiple participants to your cart)
    or
  • Contact us to arrange a quote.

Need help finding the right course?

Every organisation is different.
Talk to us today about your CPD.

Speak to our expert team

Related Insights

View More

Taking a team approach to training

Training not only enables employees to develop the knowledge and skills they need to perform their jobs to a high standard, it also makes them feel supported and valued...

What others say about us

Industry leaders in CPD

The delivery method, the flexibility and the currency and relevance of content. FEP are and have always been a leader in CPD for the
finance industry – thankyou

Diane Wilkinson, WiZDOM

Parallels real workplace experience.

We have been using FEP for a number of years now. The course materials are highly professional and parallels real workplace experience. Staff greatly value participating in meaningful external training and are the greatest advocates.

Efficient, informative and accessible.

The content is well set out, clear and precise. My organisation does the course every year and we are continuing to learn new and interesting things with each new offering. The content is up to date with the industry and completely relevant to my role. I had all the support and learning resources available to get it done…

Extremely relevant and meaningful.

Our firm exclusively uses the services of Financial Education Professionals for all of our ongoing RG146, compliance and responsible manager training for our team. We find course materials extremely relevant and meaningful and this allows our team to have up to date, practical knowledge.

Peter McGuire, CEO, XM

Regulatory News

View More
  • 25 March 2024

    APRA publishes Member Therese McCarthy Hockey’s remarks to COBA CEO and Director Forum

    The Australian Prudential Regulation Authority (APRA) has published remarks delivered...
  • 21 March 2024
  • 14 March 2024

    APRA and ASIC release a cross-industry information package on the Financial Accountability Regime

    The Australian Prudential Regulation Authority (APRA) and the Australian Securities...
  • 11 March 2024

    Better coordinated financial sector regulation

    The current Federal Government will introduce a financial sector regulatory...
  • 15 February 2024

    APRA publishes Chair John Lonsdale’s Opening Statement to the Senate Economics Legislation Committee

    The Australian Prudential Regulation Authority (APRA) has published Chair John...
  • 5 February 2024

    APRA and ASIC release letter on the Financial Accountability Regime (FAR) ADI commencement and implementation

    The Australian Prudential Regulation Authority (APRA) and Australian Securities and...
  • 2 February 2024

    ASIC accepts court enforceable undertaking from buy now, pay later provider Elepay

    ASIC has accepted a court enforceable undertaking from buy now,...
  • 1 February 2024
  • 31 January 2024
  • 31 January 2024

    APRA outlines 2024 supervision and policy priorities

    The Australian Prudential Regulation Authority (APRA) has published its supervision...
  • 17 November 2023

    ASIC consults on ABA’s proposed changes to the banking code

    ASIC has opened its consultation on the Australian Banking Association’s...
  • 15 November 2023

    ASIC targets misconduct in superannuation sector

    ASIC will look to take strong, targeted enforcement action in...
  • 13 November 2023

    ASIC calls for greater organisational vigilance to combat cyber threats

    ASIC calls on organisations to prioritise their cyber security after...
  • 10 November 2023

    HESTA trustee pays infringement notices for misleading marketing

    ASIC has taken action against H.E.S.T. Australia Limited (HESTA), the...
  • 9 November 2023
  • 27 October 2023

    October Corporate Publications

    Coinciding with AGM season, in recent weeks financial services regulators...
  • 13 October 2023

    Regulatory favourites October 2023

    With spring now in full swing, here is our latest...
  • 13 October 2023

    APRA publishes 2022-23 Annual Report

    The Australian Prudential Regulation Authority (APRA) has published its Annual...
  • 12 October 2023

    APRA publishes Member Suzanne Smith’s speech to ICA Annual Conference

    The Australian Prudential Regulation Authority (APRA) has published a speech...
  • 12 October 2023

    APRA publishes Chair John Lonsdale’s speech to Citi Australia and New Zealand Investment Conference

    The Australian Prudential Regulation Authority (APRA) has published a speech...