CPD (Continuing Professional Development)

To meet the Central Bank’s Minimum Competency Code (MCC), an overall total of 15 CPD hours must be completed by all accredited individuals (e.g.QFAs, RPAs, CUAs, APAs and CPD Members) each year (unless additional catch-up hours are required or a pro-rata adjustment has been made).

CPD requirements

Those holding more than one designation are required to complete only one ‘set’ of 15 hours. Under the MCC, at least one of your 15 CPD hours must be related to Ethics and at least one of the remaining 14 hours must be relevant to each category of retail financial product in which you are accredited. The good news is that in some cases, individual CPD activities can satisfy the one-hour requirement across more than one category (e.g. some LIA CPD seminars, LIA exams, online MyCPD [www.mycpd.ie] modules etc.)

All LIA members, regardless of designation or accreditation, are entitled to attend all CPD Seminars. Indeed, from an educational perspective, we would encourage members to attend Seminars dealing with topics with which they are unfamiliar.

However, from a CPD standpoint, members need to ensure that events they attend (or MyCPD modules they complete) are directly relevant to their designation and/or to categories in which they are accredited, particularly when logging their hours online or completing their Annual Return.

So, while individuals are free to undertake CPD relevant to categories of product for which they are not accredited, they obviously do so for the purposes of advancing their knowledge in other areas of the industry – such hours should not be included on their CPD Annual Return.

Check the CPD guidelines document relevant to your status (see right) for full details.

Note that the Accreditation number for the  CPD Annual Update is available from August each year.


Click here to view details of CPD resources provided by LIA.

 

QFA Designation

QFA Designation

QFA members retain their designation by complying with ongoing CPD requirements (15 hours annually). The QFA designation meets the Minimum Competency Code (MCC), specified by the Central Bank, for advising on and selling five categories of retail financial products: Life Assurance, Pensions, Savings and Investment, Housing Loans, Home Reversion Agreements and Associated Insurances, Consumer Credit and Associated Insurances. QFAs who also hold the APA (Personal General Insurance) also meet the Minimum Competency Code to advise on / sell personal general insurance products.

Qualify as a QFA | Benefits of Qualified Membership


CUA Designation

CUA Designation

CUA members retain their designation by complying with ongoing CPD requirements (15 hours annually). The CUA designation has been approved by the Central Bank as meeting the Minimum Competency requirements for Credit Unions acting as insurance intermediaries.

Qualify as a CUA | Benefits of Qualified Membership


APA Designation

APA Designation

APA (Accredited Product Adviser) designation holders retain their designation by complying with ongoing CPD requirements (15 hours annually). Holders of an APA designation meet the Minimum Competency Code (MCC), specified by the Central Bank, for a specific product area. For example holders of APA (Life Assurance) meet the requirements of the Minimum Competency Code to advise on / sell Life Assurance products. Individuals who successfully complete relevant modules can apply for APA designations and become CPD Members of LIA.

Qualify as an APA | Benefits of CPD Membership


CPD Members

CPD Members

LIA CPD Membership is available to grandfathered individuals to help them obtain and manage CPD hours and thereby meet their obligations under the Central Bank's Minimum Competency Code (MCC). All accredited individuals and specified accredited individuals, whether accredited through ‘grandfathering’ (confirmed by their employer based on experience requirements) or through obtaining a recognised qualification, are required to complete a number of hours CPD per year (15 hours annually).

Apply for CPD Membership | Benefits of CPD Membership


CPD Annual Update

CPD Annual Update

The 2016 CPD Annual Update Document is now available. Once read the annual update will provide up to 4 CPD hours for 2016 for QFA, RPA, APA, CUA, CUC, CUG and CPD Members of LIA. This annual update details relevant changes in taxation and other regulatory measures. It has been developed as part of the Continuing Professional Development (CPD) Programme for accredited members under the Central Bank’s Minimum Competency Code.

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