Your Opportunity to Develop CE for the New Professional Responsibility Requirement
Effective January 1, 2015, FPSC has added a new category Professional Responsibility, to the Continuing Education (CE) requirements for CFP® professionals and FPSC Level 1® Certificants in Financial Planning.
CFP professionals and FPSC Level 1 certificants will be required to complete a minimum of one hour of CE in the newly created category of Professional Responsibility, which relates to the FPSC® Code of Ethics, FPSC® Rules of Conduct and FPSC® Financial Planning Practice Standards. This minimum one hour requirement is included in the overall annual CE requirement of 25 credits for CFP professionals and 12 credits for FPSC Level 1 certificants.
Some of the benefits of developing the Professional Responsibility that you may want to take into consideration include:
An opportunity to be part of our program which markets directly to CFP professional and FPSC Level 1 certificant communities. There are more than 19,000 individuals certified with FPSC who will be required to take a course in the area of ethics, yet currently a limited number of qualifying CE activities are available.
- You can set your organization apart as an educator that understands and effectively teaches ethics in financial planning.
- An opportunity to create innovative new educational content to engage with this dedicated audience – in 2015 and beyond.
Professional Responsibility CE Offering Requirements
Qualifying CE activities must:
Please note the following characteristics of offerings that would not meet the ethics requirement:
- Focus on the application of FPSC’s Standards of Professional Responsibility in practice, versus a review and explanation of the Standards of Professional Responsibility in and of themselves which may commonly be delivered by such means as discussion, debate, storytelling, case studies and role-plays with the purpose of guiding FPSC certificants in the face of what may be difficult ethical decisions or challenges of practice.
- Incorporate key adult learning principles that engage learners in interactive activities, such as role-plays, case studies, debate or expert panel discussions on ethical issues based on the learners’ own personal experiences.
- CE activities should address how the learning can be generalized to future client interactions.
FAQ: Professional Responsibility CE Requirements
- Where there is a focus on information transfer vs. application of knowledge. Students may be reading or listening but not involved in higher-order thinking (analysis, synthesis, evaluation) and where they are not applying knowledge to real-world examples of ethical dilemmas CFP professionals face.
- Where there is a lack of opportunity for learners to engage with the content in order to demonstrate their appreciation of the FPSC Code of Ethics, FPSC Rules of Conduct and Practice Standards in a way that they could apply in their day-to-day financial practice (practical activities are not utilized).