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Learning Change Programme News

News and updates on the IFoA Learning Change Programme

The Learning Change Programme

The IFoA Learning Change Programme has been commissioned to modernise, deepen and broaden our actuarial qualifications and lifelong learning offering, empowering members to succeed in emerging professional domains, keep pace with rapid changes in established areas of actuarial employment, and be equipped with the skills and mindset to adapt and lead within a wider and rapidly changing global professional environment.

Find out more about the Learning Change Programme.

Latest News

You can find news and updates on the four key areas of the change programme by clicking on the relevant link below :

Pre-Associate Curriculum

Pre-Associate Curriculum survey results update

27 July 2021

We would like to say thank you to everyone who participated in the recent Pre-Associate Curriculum Survey, which has now closed. We received 1867 responses in total. There was representation from across the world; with 31% of respondents from India, 27% from the UK, 20% from China, Hong Kong, Malaysia, and Singapore, and the remaining 22% from countries including; Australia, South Africa, Africa, America.

Looking at the respondents, 60% were Students, 23% IFoA Fellows, 7% Employer of Actuaries, 6% IFoA Associates, 2% worked in Actuarial Education (University Partner, etc.) and the remaining 2% were related to the IFoA as “Other”. 56% of respondents identified as male, 41% as female, and 4% as "Other". 

We thank you again for taking the time to be part of this significant project to reflect on the pre-Associate Curriculum and look forward to reviewing and considering all your feedback.

Our research partner, Membership Matters are now completing a series of one-to-one interviews and workshops to discuss themes emerging from the survey in more detail. Once complete, the IFoA will consider the recommendations and submit them for review and discussion to the newly formed Advisory Panel.

Advisory Panel confirmed

27 July 2021

We are pleased to announce we have now confirmed the Associate Qualification Advisory Panel. Thank you to everyone who showed interest in sitting on this Panel. There are eight members of the panel and their primary objective is to review and reflect on the recommendations arising from the survey, consultations, and workshops.

IFoA launch pre-Associate Curriculum Review survey

07 June 2021

We have launched a major research project to identify the future needs of the pre-Associate curriculum.

Building on the work begun with Curriculum 19, we are asking our key stakeholders to feedback on a broad range of topics on our current pre-Associate curriculum and areas of potential change in the future.    

Your feedback will help us understand what’s important to those working across the actuarial landscape, so we can modernise, deepen and broaden actuarial learning and skills, enabling the profession to adapt in a rapidly changing global environment, keep pace in both established sectors and emerging domains of actuarial employment.

Members can take part in the short online survey using the link in our 14 June 2021 IFoA Update, on our website and social media.

Pre-Associate curriculum research and Advisory Panel launch

13 May 2021

We will be undertaking consultative research over the coming weeks, building on the work of Curriculum 19, to identify future needs of the pre-Associate curriculum.

The purpose of this research is to:

  • Reflect on feedback and learning from Curriculum 19 and ensure the curriculum reflects the needs of the global actuarial profession.
  • Identify a broad contemporary knowledge base and skills, so IFoA members can pursue career opportunities in a wider range of emerging actuarial opportunities and roles.
  • Identify and evidence the competencies and capabilities of actuaries through the development of the competency framework.
  • Embed a process of continuous improvement to ensure the qualifications remain relevant.

We have engaged Membership Matters, a specialist membership consultancy to manage this research. Membership Matters have worked with clients including, RIBA, Quality Assurance Agency for Higher Education and The National Trust to deliver strategic support in all areas of membership.

We are engaging with a wide range of stakeholders, ranging from individual members and employers in established and new employment areas, to recruiters, and accredited university partners.

This will begin with an online survey, followed by a series of workshops and interviews. We look forward to receiving feedback on a broad range of topics on our current pre-Associate curriculum and areas of potential change in the future.     

We are currently recruiting an Associate Qualification Advisory Panel, to reflect on the research findings and provide recommendations on the pre-Associate curriculum and shape of the competency framework.

If you are interested in joining this panel, you can see more information on our Volunteer vacancies web page.

We expect the research, review, and recommendations to be completed over the summer. We will provide further updates here as they emerge.

Pre-Fellowship Subjects

Banking Pre-Fellowship Pathway Update

14 September 2021

As part of our commitment to helping you rise to the challenges of our new world, we are working with the Actuarial Society of South Africa (ASSA) and our banking Community to support a new IFoA Fellowship pathway in Banking.

From 2022, if you successfully complete the new ASSA online Banking modules, you will be exempt from our equivalent level examinations.

To support you on your qualification journey, ASSA is working to make full tuition materials and information on how to register for the May 2022 examinations available from early November. You can find the ASSA syllabi on our Banking Lifelong Learning web page.

Banking specialism update 

01 July 2021

Discussions with ASSA are progressing well, and they are planning to have core reading and sample examinations papers ready for the Banking specialism by the end of October 2021, ready for the first set of exams in May 2022. A further update will be provided at the end of July.

Syllabus for SA and SP Banking specialism equivalent published

29 April 2021

In the January/February 2021 edition of The Actuary, we announced the development of a Banking specialism working with the Actuarial Society of South Africa (ASSA). Co-operation continues at pace, supported by the IFoA Banking Member Interest Group (MIG). Both the IFoA and ASSA have now reached an agreement with our respective Boards and Committees on the syllabus for the equivalent of an SP and an SA Banking specialism. We anticipate being able to offer the equivalent of SP and SA specialisms, delivered by ASSA, in 2022. Work continues on the development of the Banking learning materials, which we will provide a further update on at the end of May 2021.

You can view the SP and SA Banking syllabus on our Banking Lifelong Learning web page.

Assessment

Updates coming soon

Lifelong Learning 

IFRS 17 course announced

22 September 2021

To better support you as we move closer to the implementation of IFRS 17, we have negotiated a 10% discount for BPP’s IFRS 17 half-day training course. The course is designed for anyone who wants to understand the scope and basic principles of IFRS 17, focussing particularly on the General Measurement Model and including practical illustrations of the workings of the standard.

You can access information about the course, how to register and activate your discount by logging in to the My Account area of the IFoA website, then visiting the course web page.

Climate Risk and Sustainability course announcement

01 July 2021

As announced by our new President Louise Pryor at her presidential address, a Climate Risk and Sustainability course is scheduled to launch in early 2022. We are currently running a pilot programme for the first 5 modules, supported by a group of volunteers. The pilot programme began on 07 June and is scheduled to finish in mid-July.  Feedback from those attending the pilot programme, will be used to shape the content and structure and inform the development of the final modules. 

 

If you have questions, suggestions, or require additional information, please contact LCP@actuaries.org.uk. We will use these questions to create a regularly updated set of Frequently Asked Questions where all members can benefit from your thoughts, suggestions, and questions.  They will be shared on our Programme FAQ page.

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Events calendar

  • Spaces available

    Over recent months there has been a sharp rise in M&A activity involving British businesses, with interest from overseas, domestic buyers and Private Equity investors.  

  • Spaces available

    Frank Redington is recognised as one of the most influential actuaries of all time. In this talk, Craig will review some of Redington's most important ideas. He will identify the consistent actuarial principles that form a common thread across the contributions Redington made to a broad range of actuarial fields, and will highlight the ongoing relevance of Redington's thinking to 21st century actuarial practice.

  • Spaces available

    The IFoA Mental Health working party look back over their week of blogs and podcasts considering all aspects of the relationship between mental health and life insurance. The expert panel spans adviser, underwriter and actuarial experience and they  explore triggers for purchasing insurance relating to mental health, the various routes to insurance and how these may be more suited to different people depending on their conditions and preferences, the products and processes involved in purchasing these as well as what claims and support are available to policyholders and how to access them.

  • Spaces available

    Part of the 'Finance in the Public Interest 2022' webinar series. If it was ever okay to consider your business in isolation from its surroundings, today it most definitely is not. Thinking about business within its surrounding system is now a necessity. The question we seek to discuss is: How should we prescribe the boundaries in which we consider problems to enable us to create better products and more resilient companies and systems?

  • Spaces available

    What will happen to DC pension savers who see life annuities as poor VFM but still want an income for life?  Pooled annuity funds could offer them a decent lifetime income while reducing significantly the complex choices and risk inherent in income drawdown.  They could be the next generation of CDC pension schemes, slotting into the existing DC framework as a post-retirement option.