It is fair to say that in the regulated advice sector, we are spoilt for choice. And it can be tempting, when you have got CPD hours to fill and an email arrives in your inbox, to register for a webinar on the basis that it looks fairly interesting, and why not.

However, will the content really provide you with what you need for your clients and career goals?

Will it help you get on top of regulatory requirements such as SMCR? Will you really learn something new? And is it even going to cover a subject you want to learn more about?

Equally important, is to ask yourself whether a webinar you are invited to, or any other CPD activity, will be recognised as the CPD you require. For example, pension transfer specialists should ask themselves whether an activity is ‘structured’. Does it come from an ‘independent’ source?

Again, this is where your plan can help. Going back to it, you should have a clear record of the number of structured hours you have covered, as well as which activities were from an independent source. 

CPD is more than a statutory requirement; it can lead to great things.

But most importantly, the extra knowledge and professional expertise it gives you will stand you, your business and your clients in good stead for many years to come.

John Somerville is head of financial services, professional education, at The London Institute of Banking & Finance