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 3 members

Category 3 members who are absent from work for more than six consecutive months in any one CPD year may apply for a partial exemption from the requirements of this Scheme.

Category 3 members who are granted a partial exemption will have no PST requirement in respect of that CPD year They will, however, be required to complete such other CPD as required by their primary regulator.

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

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.