Tenet is introducing an ‘end-to-end’ CPD and Statement of Professional Standing (SPS) solution.

It has been developed to provide advisers with a fully-integrated process for continued professional development (CPD) and compliance of new professional standards.

To coincide with a changeover from CPD points to CPD hours, the initiative goes live on 1 July 2012.

Tenet is also incorporating annual testing and integrated CPD recording, with all content being centrally loaded and linked to the issuing of a Statement of Professional Standing in partnership with the Institute of Financial Services (IFS).

“This latest support enhancement forms part of Tenet’s wider commitment to professional development – and is based on adviser feedback and needs analysis, rather than regulatory compliance alone,” said Tenet’s group distribution and development director, Keith Richards.

“Our end-to-end solution removes the burden and added cost of obtaining CPD and SPS from different sources,” he continued, “allowing advisers to more effectively map out their development and business needs and therefore meet new RDR standards more efficiently.

“The complete service will be available at no additional cost to appointed representatives and offered at a subsidised rate to directly authorised advisers.”

Anne Kiem, chief executive at the Institute of Financial Services, said: “We are pleased to be providing Tenet advisers with Statements of Professional Standing as part of the end-to-end solution they are launching. We will be offering Tenet their own online portal and management information which will enable them and their advisers to track progress through each SPS application.

“The facility will be available to all FSA-registered advisers in the Tenet network, regardless of what approved Level 4 qualification they hold.