Professional development
What you need to know

Over the last two editions of Chartered Banker we have reviewed the basic structure of the Institute’s Continuing Professional Development (CPD) scheme, evidence requirements, monitoring and CPD resources. In the final part of this series, we take a look at some frequently asked questions.

What do I get for completing CPD?

You will receive a certificate which is renewed every three years. By accepting the certificate, you are agreeing to the terms and conditions of the Institute CPD scheme. Failure to provide evidence of your CPD if requested will mean that your certificate is no longer valid.

Your name will also appear on one or more of our online CPD registers. We maintain registers of members entitled to use the Chartered Banker and Professional Mortgage Adviser (PMA) designations, plus a third register for members participating in the CPD scheme but not eligible for a specific designation. These registers are updated on a quarterly basis.

I have retired; do I have to complete CPD?

If you are retired but still wish to use the Chartered Banker or PMA designation, then you are still expected to complete the full requirements of the scheme. Please note that if you retire, you are not automatically removed from the CPD scheme and could still be selected for monitoring, unless you have advised the Institute otherwise.

I am on a maternity/career break or absent through long-term illness; what do I need to do?

Members who are on maternity/paternity leave or on a career break, of up to a maximum of one year, are exempt from registering their CPD with us during their period of absence. You can, of course, choose to continue with CPD if you wish.

If entitled, you may continue to use the designation of Chartered Banker or PMA, providing your CPD was up-to-date prior to starting your maternity/paternity leave or career break. On return to work, you must satisfy the appropriate requirements on a pro rata basis for the number of months worked during the CPD year in which you return. In ensuing years, the normal 35 hours of CPD activity will apply.

The CPD requirements of members who have been absent due to illness for more than three months will be treated sympathetically and considered on a case-by-case basis.

What if I have no interest in completing CPD?

Please advise the Institute accordingly and we will remove you from the scheme. Please note, however, that you will no longer be able to use any CPD-related designations such as Chartered Banker or PMA but can, of course, continue to use your FCIBS/MCIBS/ACIBS designation as appropriate.

If I leave the scheme, can I reinstate my CPD-related designation at a later date if I want to?

Yes, but you will be expected to provide evidence of your CPD activity for the previous year or you will be automatically included in the following year’s monitoring process.

CPD Certificate Renewals

Please note that we are bringing certificate renewals in line with the CPD monitoring process. This means that although current CPD certificates are due for renewal at the end of this year, the new certificates will not be issued until the start of April, once the monitoring process is completed. In the interim period, if you require confirmation of your CPD status (Chartered Banker or PMA) then please remember that we do have the online CPD registers available on our website.

Further information regarding the scheme can be found via the CPD menu on our website at www.charteredbanker.com or if you have any queries, please email cpd@charteredbanker.com

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