Adviser cost of SPS and CPD to hit £595

The cost relates to loss of earnings and leisure time for CPD and to the amount it could cost advisers to obtain an SPS from an accredited body. Under proposals set out in yesterday's RDR consultation paper, CP10/14, all advisers will incur the cost of mandatory SPS accreditation, which the FSA expects will range from £60 to £175 per adviser. Current members of a professional body would likely pay less, the FSA says, though it adds the actual price of verifying professional standards will depend on the level of competition which develops as various bodies apply for accreditation power...