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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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Events calendar

  • Finance in the Public Interest Series

    16 March 2021 - 23 March 2021

    Spaces available

    There is widening debate that many of our social, financial and regulatory institutions need to be rethought so that we can create more sustainable futures, particularly in light of the Covid-19 pandemic, the policy/macro-economic response to the pandemic and how it affects consumers, as well as the impending climate crisis. This multi-day series of three keynote webinars, individually presented by leading economist John Kay, Sir Paul Collier, Professor of Economics and Public Policy at the Blavatnik School of Government, Ashok Gupta, Chair at Mercer Ltd, and Nico Aspinall, Chief Investment Officer at B&CE, will open up discussion on these essential topics. The series will culminate in a panel session with Chief Economist of the Bank of England, Andy Haldane.

  • The price is righter

    16 March 2021

    Spaces available

    This webinar provides an overview of the state of the UK protection market, and how different insurers are using different levels of sophistication to price (such as using customer demand models). It considers how insurers have implemented these sophisticated pricing techniques, and the practical challenges they have faced.

  • Spaces available

    This discussion will revolve around the latest industry developments including and introduction to Part VII transfers and Schemes of Arrangement (process, parties involved and recent events), insights and lessons from recent with-profits transactions and restructurings (including Equitable Life and Pru-Rothesay), how firms can apply these learnings to future arrangements, and the outlook for future with-profits transactions and restructurings (including the impacts of Covid-19 and Brexit)

     

  • Spaces available

    What is stewardship and how has the landscape changed under the 2020 UK Stewardship Code? How does effective stewardship create long term value for beneficiaries and what roles do asset owners and asset managers play in active stewardship. This webinar will offer answers to these questions in a practical approach to stewardship reporting.

  • Spaces available

    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.