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 mind set to adapt and lead within a wider and rapidly changing global professional environment.
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-Fellowship subjects
- Modern and digital methods of assessment
- Lifelong learning
IFoA launch pre-Associate Curriculum Review survey
07 June 2021
We have launched a major research project to identify 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 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.
Syllabus for SA and SP Banking specialism 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 agreement with our respective Boards and Committees on the syllabus for an SP and an SA Banking specialism. We anticipate being able to offer the SP and SA Fellowship examinations 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.
Updates coming soon
Updates coming soon
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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Welcome to the programme for our 2nd Virtual Pensions Conference. This year's conference features 11 webinars offering members and non-members the opportunity to get up to date content from leading experts in the pension industry. There will also be opportunity to ask questions and contribute to the discussion.
Mathematical Futures: The Actuary in a World Transformed – Sir Adrian Smith will outline how advances in data science, machine learning and artificial intelligence in the world of big data will transform the nature of many industries, including financial services. The broader environment within which mathematics is applied will change rapidly, often led by innovative yet disruptive forces outside. These changes will undoubtedly have an impact on the work of actuaries - and the profession will need to adapt quickly to thrive.
This session will explore how the new index has revealed previously uncaptured mortality inequalities by using predictive variables at a high degree of granularity. Globally renowned leader in actuarial science Professor Andrew Cairns and his co-investigator Torsten Kleinow will demonstrate the uses of new LIFE index such as the causes of high or low mortality and regional differences in mortality.
Given our commitment to the safety of our members and employees, and as the easing of restrictions in respect of COVID-19 cannot be guaranteed at this point in time, we have decided to hold our AGM virtually again this year.
The Business of the AGM
Join newly inaugurated IFoA President Dr. Louise Pryor as she explores what we need to do to keep abreast of the changing world – and how we can seize the resulting opportunities – in her Presidential Address, ‘A Learning Society’
Dr Patrick Sun Cheong Poon, lead sponsor of the IFoA’s 2021 Thought Leadership Programme, will be discussing his motivation for supporting the new events programme with Immediate Past President Tan Suee Chieh. The IFoA’s Thought Leadership Programme seeks to reposition the IFoA at the centre of key societ
The world is changing. The fourth industrial revolution, globalisation and the COVID-19 pandemic are up-ending traditional social and business norms around the world; changes that were once predictable and steady are now faster and more profound.
This is a free webinar on the consultation on changes to the Practising Certificates (PC) Scheme.
The proposals come from a recent review of the PC Scheme which was the first substantive look at the IFoA’s approach to the requirements and process for PCs since 2010. It responds directly to feedback received on how the current scheme works especially that received from members and PC Holders.
Actuaries in all practice areas have had an “alert” to consider climate risk. A plethora of scenarios and tools are being developed both internally and as part of industry-wide initiatives but is there yet a sense of good practice?
We have entered the global age which is invalidating most of the assumptions upon which our success up till now has depended. For example, in the global planetary society there can be no externalities. Although there is increasing clamour for new ways of thinking, sadly, our attempts to invent such new ways remain trapped in the same historical set of assumptions. The result is that we are faced with three tragedies.
The paper “Asset liability modelling in the quantum era” shall be presented by its authors, Tim Berry and James Sharpe, and chaired by Andrew Smith, Assistant Professor in the School of Mathematics and Statistics at University College Dublin.
The elements of climate change that influence and impact on health & care, both in terms of the direct and indirect impact on mortality and morbidity, and the sustainability of healthcare globally are many.
Today’s breakneck pace of technological change has an immense impact on leaders—and as a result, on their organizations’ capacity to transform. All too often, executives remain stuck in outdated mindsets and modes of operating, even when they recognize the need to reinvent themselves. Leadership expert Herminia Ibarra upends traditional, introspective advice and says act first—in order to change your way of thinking. Following her presentation, Herminia Ibarra will be joined by Louise Pryor, incoming IFoA President and Hash Piperdy, Managing Director at Epitome Global, for a panel discussion around the themes of the session. The panel will be chaired by Tan Suee Chieh.
The IFoA’s Actuarial Review Team will publish its second thematic review in June 2021. The review is looking at the involvement of actuaries in the pricing of UK home and motor insurance, during a period of significant developments in the sector from both regulation and innovation.
As part of the Behavioural Science Series, David Rooke will explore the leadership capacities and capabilities that may enable actuaries to successfully navigate the challenges of our times. He will discuss how actuaries can apply these principles to ensure the profession succeeds, flourishes, and plays a positive societal role in our global community.
Following his presentation, David Rooke will be joined by Stephen Mann, CEO at the Institute and Faculty of Actuaries and Anusha Thavarajah, Allianz’s Regional Chief Executive Officer, Life and Health for Asia Pacific for a panel discussion around the themes of the session The panel will be chaired by Tan Suee Chieh.
We have made it through 2020 but the COVID-19 crisis continues to have a significant impact on individuals, societies, businesses and the wider economy across the globe. Navigating the world post COVID-19 in an uncertain and highly unstable time brings along many uncertainties, challenges and exciting opportunities. Hence the theme of this year’s IFoA Asia Conference Webinar Series is “Risk. Adapt. Thrive.”
Internal audit is often the Cinderella of the audit world. It’s a regulatory requirement for insurance companies to have an internal audit function, so why not make it as useful as possible? This session will look at how to link an internal audit plan to the risk register, and how that helps audit committees and boards to spot problems and fix them.