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Continuing Professional Development (CPD)

All members of the Institute and Faculty of Actuaries (IFoA) have an obligation under the Actuaries’ Code to maintain their competence: the Continuing Professional Development Scheme (the Scheme) sets out the framework which assists members in complying with this obligation

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.

Read the Actuaries' Code

Who does the Scheme apply to?

The new Scheme applies to all IFoA members, except:

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 read more about Non-Practising Status here. The Absence from Work Policy details how 'Non-Practising Status' is available during periods of absence.

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.

Contact Details

If you have any enquires about CPD, please contact the Membership Team

cpd_feedback@actuaries.org.uk

We aim to respond to all enquiries within two working days.

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E.g., 28/09/2020
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Events calendar

  • Autumn Lecture 2020: Professor Elroy Dimson

    Online webinar
    14 October 2020

    Spaces available

    Many individuals and institutions have a long-term focus, and invest funds for the benefit of future generations. Their strategy should reflect their long horizon. University endowments are one of the oldest classes of institutional investor, and I will present the first study of the management of these endowments over the very long term.

  • GIRO Conference 2020 Webinar Series

    Available to watch globally in November.
    02-13 November 2020
    Spaces available

    This year's GIRO has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the general insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's GI Online Learning Resource area.

  • Life Conference 2020 Webinar Series

    Online
    16 November 2020 - 27 November 2020

    Spaces available

    This year's Life Conference has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the life insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's website.

  • Spaces available

    The webinar will discuss the challenges and opportunities schemes face in evaluating end game options, choosing a target state and understanding the impact this strategic decision could have on member outcomes long after the “end state” is reached. Adolfo, Kevin and Rhian bring over 60 years of experience in the industry and a variety of perspectives as scheme actuary, covenant adviser, trustee, de-risking adviser and insurer.

  • Spaces available

    Cash-flow driven investing is a game-changer for DB pension funds navigating their end-game. Suitable for sponsors who want to reduce risks on their balance sheets. And for trustees, it shifts the focus to providing greater certainty of returns, managing funding level volatility and ensuring they have enough income to pay cash-flow requirements.

  • Spaces available

    The talk will provide an understanding of the priorities and relationships between deficit reduction contributions, in the context of wider scheme funding, and different types of value outflow from the employer based on the working party’s recently published report.