Frequently asked questions on exemptions

I am a student of the Institute and Faculty of Actuaries and have attended a university which has an exemption agreement with you. How can I get my exemptions?

To apply for exemptions you will need to complete an application form and send it to the Quality Assurance Team, Institute and Faculty of Actuaries, Napier House, 4 Worcester Street, Oxford OX1 2AW.

Your application should include evidence that you have completed your degree, a copy of the transcript of your marks, and copies of any exemption recommendation letter(s) you have received from your university. The copies must be certified copies signed by your employer, who should be an actuary.

I am a student of the Institute and Faculty and have attended a university which is not on the list. Can I still apply for exemptions?

To apply for exemptions you will need to complete an application form and send it to the Quality Assurance Team, Institute and Faculty of Actuaries, Napier House, 4 Worcester Street, Oxford OX1 2AW.

Your application should include copies of the syllabuses of the modules you studied, copies of the exam papers you sat, and a copy of the transcript of your marks. The transcript must be a certified copy signed by your employer, who should be an actuary. Your qualifications will then be assessed by our exemptions committee to establish to what extent they cover our syllabus and you will be informed in writing whether you have been given any exemptions.

I am not a student of the Institute and Faculty in the UK. Although I studied in the UK, I am a citizen of a country which has an overseas rate for exemptions

To be eligible for exemptions, you must be a student of the Institute and Faculty. For further information, please contact membership@actuaries.org.uk

To be eligible for reduced rates for exemptions and other fees you must be permanently resident and working in one of the countries on the listed in the document in the box at the right of this page. There are no other reduced rates available for exemptions.

I am a student of the Institute and Faculty and have completed an actuarial degree at a university with which you do not have an exemption agreement

You need to compare your previous studies with our syllabus.

In order to apply for exemptions you will need to complete an application form and send it to the Quality Assurance Team, Institute and Faculty of Actuaries, Napier House, 4 Worcester Street, Oxford OX1 2AW.

Your application should include copies of the syllabuses of the modules you studied, copies of the exam papers you sat, and a copy of the transcript of your marks. The transcript must be a certified copy signed by your employer, who should be an actuary. Your qualifications will then be assessed by our exemptions committee to establish to what extent they cover our syllabus. Your application will normally take a maximum of 30 working days to process but you will be informed in writing at the earliest opportunity on the outcome of your application.

I would like to become an actuary and I am currently deciding which university to apply for. Which courses do you recommend?

We are unable to advise you on the course options you need to take. Our best advice is to take the subjects where your abilities are the strongest, as actuarial employers look for a minimum 2.1 in a numerical degree.

If you would like further information on becoming an actuary or employer information, please contact careers@actuaries.org.uk

I am a student of the Institute and Faculty. Do I still have to pay my exemption fee, even if I do not get granted the exemption I applied for?

We will refund exemption fees for exemptions for which you apply but which are not granted to you.

Exemptions contact details:

Quality Assurance Team, Institute and Faculty of Actuaries, Napier House, 4 Worcester Street, Oxford OX1 2AW
Email: exemptions@actuaries.org.uk
Tel: + 44 (0)1865 268503
Fax: +44 (0)1865 268233