Are you eligible to receive an exemption?

Category 1 members

Partial exemption

Members in Category 1 who are absent from work for more than three consecutive months may apply for a partial exemption from the requirements of the CPD Scheme.

Members in Category 1 who are granted a partial exemption must complete 2.5 hours of CPD activities for each whole month worked over the course of two consecutive CPD years which include the period of absence, subject to a minimum of 10 hours over the course of the two consecutive CPD years.

The required amount of CPD must be completed by the end of the two year period and must satisfy the following conditions:

  • at least two thirds of the total activities must relate to technical skills, half of which must be gained at external events; and
  • at least four hours must be Stage 3 PST.

The balance of the required CPD hours, if any, may be gained through such other activities as each member deems appropriate, taking into account the nature of their work or role and their personal development needs.

Category 1 members are not permitted to count time engaged in private study towards their required CPD hours.

Category 1 members must record a learning outcome for each CPD activity listed in their on-line CPD record.

Category 2 and 4 members

Full exemption

Members in Categories 2 and 4 may be entitled to an exemption from the full requirements of the CPD Scheme if the Institute and Faculty of Actuaries (IFoA), in its sole discretion, is satisfied that the public interest is not served by requiring that member to complete a programme of CPD.

Although each case will be considered on its merits, exemptions may be granted where the member can show that:

  1. their actuarial training and experience, in the widest interpretation, and their membership of the IFoA, makes no contribution to their paid work, or
  2. they have not been in paid work related to their actuarial training and experience over the course of the CPD year for a total of more than 20 hours, or
  3. there are exceptional circumstances such as serious ill health, which prevent the member from complying with the requirements of this Scheme.

Partial exemption

Members in Categories 2 and 4 who are absent from work for more than three consecutive months may apply for a partial exemption from the requirements of the CPD Scheme in respect of the relevant CPD years.

Where the period of leave spans more than one CPD year, the partial exemption will apply to each CPD year in which the member is absent from work for at least one month.

Members in Category 2 who apply for and are granted a partial exemption must complete:

  • the relevant stage of Professional Skills Training;
  • one additional hour of learning gained at an external event; and
  • one additional hour of CPD for each whole calendar month worked in the CPD year.

Members in Category 4 who apply for and are granted a partial exemption must complete:

  • two hours of learning which contributes to the member’s understanding of ethical behaviours in relation to their role;
  • one additional hour of learning gained at an external event; and
  • one additional hour of CPD for each whole calendar month worked in the CPD year.

The balance of the required CPD hours, if any, may be gained through such other activities as each member deems appropriate, taking into account the nature of their work or role and their personal development needs.

Category 5 and 6 members

Members in Categories 5 and 6 who are absent from work for more than six consecutive months in any one CPD year may apply for an exemption from the requirements of the CPD Scheme in respect of that CPD year.

Applying for an exemption

To apply for an exemption, members must complete an application form for CPD Exemption and send to the Membership team at cpd_feedback@actuaries.org.uk

You can still apply for an exemption for the 2018/2019 CPD year until 31 July 2019. Please complete the application form and return to cpd_feedback@actuaries.org.uk

Appeals

Where an application for exemption is declined, you will have the right to appeal the decision to the Membership Committee of the IFoA, with the opportunity to provide further information which was not considered at the time of the original determination.

You must tell us of your intention to appeal the decision within 28 days of the decision being communicated to you.

Expiry of exemption 

Please note that any exemption granted will expire at the end of each CPD year. You must make a new application for each new CPD year.

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.

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Events calendar

  • Implications of 2019 IFRS 17 Exposure Draft

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    24 July 2019

    Fully booked.

    The International Accounting Standards Board (IASB) recently published an Exposure Draft (ED) of limited changes to its insurance contracts standard IFRS 17, effective date 2022.

  • Insurance Investment Roundtable with the IFoA & PRA - 25 July 2019

    EY Offices 1 More London Place London, SE1 2AF
    25 July 2019

    Spaces available

    The IFoA hosts regular roundtable meetings with the PRA on best practice in insurance investment and the application of the Prudent Person Principle, which governs insurance investment under Solvency II.

  • SIAS Event: Climate Zero to Climate Hero

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    3 September 2019 - 4 September 2019

    Spaces available

    An introductory session to help you get ahead with climate change.

    • Science, terminology and initiatives: handy facts to keep in your back pocket 
    • Getting your point across: how to influence people and avoid common traps and pitfalls
    • Taking action: what are actuaries expected to do...and what are we actually doing?
  • KSS event – The Regulatory Perspective

    Deloitte Saltire Court 20 Castle Terrace Edinburgh EH1 2EG
    5 September 2019

    Spaces available

    This KSS talk, presented by the FCA Head of Department in Scotland, will focus on the following 3 main areas:

    • FCA business plan priorities
    • The future of regulation
    • FCA Engagement in Scotland
  • Sessional Research Event - Risk Margin Working Party

    Staple Inn Hall, High Holborn London, WC1V 7QJ
    9 September 2019

    Spaces available

    For life insurers in the UK, the risk margin is one of the most controversial aspects of the Solvency II regime. Following its implementation, the risk margin came under considerable criticism for being too large and too sensitive to interest rate movements. These criticisms are particularly valid for annuity business – such business is of great significance to the national system for retirement provision. This criticism has led to political interest, and the risk margin was a major element of the Treasury Committee inquiry into Solvency II.

  • GIRO Conference 2019

    EICC, The Exchange, 150 Morrison St, Edinburgh EH3 8EE
    24-26 September 2019
    Spaces available

    GIRO is attended annually by over 800 delegates and speakers who are keen to discuss key topics such as Pricing, Reserving, Modelling and the future of the insurance industry. GIRO 2018 was a huge success and we have opened bookings early for what we hope will be another brilliant conference at the EICC in Edinburgh this year. 

     

  • The Future of the Actuarial Profession

    Staple Inn Hall, High Holborn London WC1V 7QJ
    3 October 2019

    Spaces available

    Three actuaries – and CEOs – discuss their views on how the business world is changing and what that might mean for actuaries in the future.

  • Spaces available

    Have you ever thought about working in wider fields? Would you like to play a role in the fight against climate change to make the planet better? 

    It can be difficult to do this - but seeing an example you can follow can make it more realistic. In this ‘green’ case study a template is outlined to show how actuaries can apply their skills more broadly - and in doing so, to make a difference.

  • Sessional Meeting - Autonomous Vehicles and impacts on the wider insurance industry

    Staple Inn, High Holborn, London WC1V 7QJ         
    28 October 2019

    Spaces available

    The Institute and Faculty of Actuaries is running a sessional meeting on autonomous vehicles on 28th October.  The session will showcase the work of the IFoA “Autonomous Vehicles” working party alongside a number of expert external presenters. 

  • Life Conference 2019

    The Convention Centre Dublin, Spencer Dock, North Wall Quay, Dublin 1
    20-22 November 2019
    Spaces available

    The Life Conference is the premier event for professionals interested in life insurance.  Offering a wide range of workshops and plenary sessions it’s the perfect opportunity to discover what’s hot and current in life insurance ensuring you get up to date on the latest thinking and innovation whilst meeting and exchanging ideas with a broad range of professionals.

  • Autumn Lecture 2019, London - Rt Hon Nicky Morgan MP

    Lincoln's Inn The Treasury Office, London WC2A 3TL
    2 December 2019

    Fully booked.

    The IFoA is pleased to announce that this year’s Autumn Lecture will feature the Rt Hon Nicky Morgan MP as its guest speaker.  Nicky has previously served as Financial Secretary to the Treasury and Minister for Women. She now chairs the Treasury Select Committee whose remit is to examine the expenditure, administration and policy of HM Treasury, along with all of its agencies and associated bodies.

  • Autumn Lecture 2019: Live Streaming

    Webinar 
    2 December 2019

    Spaces available

    Watch the live stream of this year's Autumn Lecture with guest speaker Rt Hon Nicky Morgan MP.