CPD for volunteering

Attendance at working parties, committees and focus groups etc

 If the contribution you make in an IFoA meeting such as attendance at a focus group, working party and/or at committee meeting is relevant to your role and helps develop and broaden your skills, then your attendance can be claimed as part of your CPD record.  This will be verifiable by the attendance record from the meeting.  However, as defined in the CPD Scheme, members must also keep their own records which they should produce if asked as part of the random sampling we do of all members.  Members should also check, at the time, that the attendance record is being kept. Members can claim CPD for services to the profession up to a maximum of 8 hours CPD per year (Category 2), and up to 15 hours CPD per year (Category 1).

Private Study (Category 2 only)

In undertaking any reading or study connected to a volunteer task, you may be able to record verifiable private study under the profession's CPD Scheme.  Please note, it will be up to each individual member to assess the amount of time they have spent, to maintain their own CPD records, and to record the learning outcome achieved from the private study.

Online surveys, such as the “400 Club”:

If you are required to undertake any reading or study connected to an online survey, you will be able to record verifiable private study under the CPD Scheme so long as this is relevant to your area of work.  However, it will be up to each individual member to assess the amount of time they spend on each survey, to maintain their own CPD records, and to record the learning outcome achieved from the private study.  In short:

• By taking part in an online survey for the Institute and Faculty of Actuaries it is anticipated that members may sometimes be required to carry out some private study, prior to completing these surveys online; 
• CPD will be available where the topic of the survey is one which might contribute to the members’ understanding of a key issue within the profession; and 
• It is up to each member to keep accurate evidence and records, assessing both how much time to record for each relevant survey and the learning outcome achieved in each case.  This information will be requested if you are audited.

Please remember: all your CPD hours must be verifiable and must be relevant to your area of work.

CPD is about learning, developing and reflecting on that learning. The learning can be a mixture of skills which are technically and professionally relevant to your particular role. If you believe your volunteering activity meets the above criteria you can record your CPD.

For more information, please consult the profession's CPD Scheme.