Statutory roles: Practising certificates

Life Actuaries | Lloyd's Actuaries | Scheme Actuaries

Practising Certificates are required by those actuaries who wish to act as a 'designated actuary' as set out in the Rules and Bye-laws of the Faculty and of the Institute. 

Cost

The current cost of a practising certificate is £830.

If your application is received after the 14 day deadline, a 25% late penalty fee will be added to the cost.

Scheme Actuaries: If your application is received after the expiry date of your current certificate you will be required to resign any appointments held until such a time that a certificate can be granted.

The normal turnaround time for a renewal certificate is 2 – 4 weeks. However, it can take longer during holiday periods.

Life Actuaries

New applications

• Certificate for Life Actuaries - Criteria [pdf]
• Application for a certificate to act as a Life Actuary (including with-profits) [pdf] | [Word]
• Application for a certificate to act as a Life Actuary (not including with-profits) [pdf] | [Word]
• Notes on completion of the form [pdf]

Renewals

• Application for the renewal of a certificate to act as a Life Actuary (including with profits)
  [pdf] | [Word]
• Application for the renewal of a certificate to act as a Life Actuary (not including with-profits)
  [pdf] [Word]
• Notes on completion of the form [pdf]

Actuaries providing opinions for Lloyd's syndicates

New applications

• Criteria for the position of Syndicate Actuary to a general insurance business [pdf]
• Application for a certificate to provide UK actuarial opinions for Lloyd's syndicates
  [pdf] | [Word]
• Notes on the completion of the form [pdf]

Renewals

• Application for the renewal of a certificate to provide UK actuarial opinions for Lloyd's syndicates
  [pdf] | [Word]
• Notes on the completion of the form [pdf]

Scheme Actuaries

• GN48: Compliance review: Pensions
  Notice to all holders of Scheme Actuary Certificates, 24 January 2006

New applications

• Criteria for the position of Scheme Actuary [pdf]
• Application for a certificate to act as a Scheme Actuary to Pension Schemes [pdf] [Word]
• Notes on the completion of the form [pdf]

Renewals

• Application for the renewal of a certificate to act as a Scheme Actuary to Pension Schemes
  [pdf] | [Word]
• Notes on the completion of the form [pdf]