Students, who are not Student Actuarial Analysts, of the Institute and Faculty of Actuaries (IFoA) are Category 5 members

Student members have obligations under the CPD Scheme 2017/2018 and are classed as Category 5 members for CPD purposes.

Your obligations under the Scheme are limited to the Professional Skills Training (PST) component.  If you are unsure about your PST obligations, you will find full details in the Scheme.

It is important that you read the CPD Scheme 2017/18 in full to familiarise yourself with the requirements and your responsibilities under it.

If you have any questions please contact cpd_feedback@actuaries.org.uk

Category 5 - Definition

All Students, who are not Student Actuarial Analysts, of the IFoA on 1 July 2017 and who have not been classified as retired by the IFoA are Category 5 members for the purposes of this Scheme.
    
CPD year

The Category 5 CPD year runs from 1 July 2017 to 30 June 2018.

Category 5 members’ obligations under the Scheme shall have effect from 1 July following admission to the IFoA.

Requirements

There is no technical skills requirement for Category 5 members.

Category 5 members are required to undertake the following PST stages at the time specified below:

  • Stage 1 –  On-line Professional Awareness Test (read CPD Scheme 2017/2018 Schedule 1 or visit Stage 1 Online Professional Awareness Test)
    To be completed by all Category 5 members who joined the IFoA on or after 1 March 2012, before being eligible to sit the IFoA’s Business Awareness Exam (CT9). Category 5 members who joined the IFoA before 1 March 2012 are not required to complete Stage 1 of the PST.

On completion of Stage 1, members will progress to Stage 2.

  • Stage 2 – Professional Skills Course (read CPD Scheme 2017/2018 Schedule 2 or visit Stage 2 Professional Skills Course
    To be completed by Category 5 members who were admitted to the IFoA on or after 1 July 2006 who have not completed a Professionalism Course under the previous regime:
    -  between the fourth and sixth anniversaries of their admission to the IFoA; or
    -  prior to transferring to Associate status,
    whichever comes first.

Members will progress to Stage 3 of the PST in the following CPD year.

Recording CPD

Category 5 members must record their Stage 3 PST activities and any learning outcomes corresponding to private study activities on their on-line CPD record by 31 July 2018.

Category 5 members who fail to record their CPD by the deadline will be granted an extension to 30 September 2018, upon making payment of an administration fee.

Evidence of CPD

Category 5 members must retain evidence of their Stage 3 CPD activities for a period of two years from the date of the activity and must produce that evidence to the IFoA upon request. 

 

Related documents

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.