A new CPD Scheme was launched on 1 September 2020, which was tailor made for IFoA members. The new Scheme is a hybrid approach setting out an hours based requirement but with a focus on the outcomes of activities.
- Download the Scheme
- Read the Frequently Asked Questions
- Read more about the review and the consultation on the CPD Scheme
Who does the Scheme apply to?
The new Scheme applies to all IFoA members, except:
- Students, who instead have requirements under PPD
- those working in organisations that adopt the QAS CPD Scheme and
- those with 'Non-Practising Status'.
What are the requirements?
Members are required to carry out 15 hours of CPD Activities, including two hours of Professional Skills Training. Read more about the definitions in the Scheme here.
Members must keep a record of these activities in the format of their choosing, to assist their reflective practice discussions. Read more about how you can record your activities here.
Every year members should arrange and conduct a reflective practice discussion with an Appropriate Person, who is someone that understands your role, the nature of your work, and the outcomes of your CPD activities.
Some members will also be selected for an additional reflective practice discussion with a member of the IFoA Executive. Read more about reflective practice discussions here.
When renewing membership in September, members will be asked to confirm their compliance with their CPD requirements from the previous CPD year.
Practising Certificate Holders
Members who are granted a Practising Certificate have an additional CPD requirment, as set out in the Practising Certificates Scheme.
The Frequently Asked Questions provides more information.
Exemption and Non-Practising Status
You can apply for Non-Practising status by completing this short online form.
Having trouble with video content on the VLE?
Please read our VLE guidance if you are having issues with playing videos.
If you have any enquires about CPD, please contact the Membership Team
We aim to respond to all enquiries within two working days.
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Climate-Related Risk - This free to view webinar on Climate-Related Risk is the first in a series focusing on some of the ‘Hotspots’ identified in the JFAR Risk Perspective bringing the Risk Perspective to life with practical illustrations and insights from subject experts from the IFoA and other Regulators
Recent decades have seen institutions, such as employers and financial services, give people more choice and flexibility, but these freedoms have come with more responsibilities. Individuals are now responsible for managing more of their own financial risks, from ensuring they put enough money into their pension to securing affordable protection to be financially resilient.
Join us for this brand new IFoA webinar weries comprising of a fortnight of webinars, panel sessions and a hackathon, that showcase the range of ways in which the actuarial profession has added value, in the public interest, to the understanding and management of the current and future pandemics through insight and learning.
This event is also repeated on Tuesday 27 April, 09.00-10.30. Please click here to register your place if Tuesday is your preferred choice.
Actuaries have a lot to offer biodiversity management over the next decade as the world develops more depth to its response to this global challenge. This sessional offers an opportunity to learn about this emergent risk, to contribute to our thinking as a profession and help us develop the next steps forward.
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Mis-estimation risk is a key element of demographic risk, and past work has focused on mis-estimation risk on a run-off basis. However, this does not meet the requirements of regulatory regimes like Solvency II, which demands that capital requirements are set through the prism of a finite horizon like one year. This paper presents a value-at-risk approach to mis-estimation risk suitable for Solvency II work
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This talk will explore the potential benefits that wearable tech can bring to health & protection insurers and their customers. The traditional approach of integrating wearables into insurance has largely focused on measuring steps and using rewards-based incentive programs to encourage more activity.
Join us for this talk with Professor Sir Adrian Smith as part of the 'Dr Patrick Poon Presidential Speaker Series'. Professor Smith joined The Alan Turing Institute as Institute Director and Chief Executive in September 2018. In November 2020, he became President of the Royal Society, in addition to his leadership of the Turing. He is also a member of the government's AI Council, which helps boost AI growth in the UK and promote its adoption and ethical use in businesses and organisations across the country. He received a knighthood in the 2011 New Year Honours list.
We continue to live in a world of global uncertainty. Survival depends on our ability to simultaneously navigate through the diverse root-causes, ranging from: the consequences of Climate Change; on-going financial consequences of the COVID pandemic; or self-imposed changes in regulatory requirements and accounting standards.
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.