How do I access my CPD record?
To access your CPD record, simply sign in to the website using your username (which is your ARN) and your password. Click on the "My account" section at the top right hand side of the page, then scroll down until you see the CPD button. Click here and it will take you through to record your CPD.
How do I record my CPD activities?
The record will ask you to classify each CPD activity recorded as either:
- an “external event”, or
- “other learning activity”.
If the activity is an “external event” you will be asked to further describe the activity by making a selection from the following options:
- IFoA event
- own organisation’s event
- digital or online learning, or
- other external event.
If the activity is “another learning activity” you will be asked to make a selection from the following options:
- digital or online learning
- own organisation’s event
- private study (NB this option will not be available to Category 1 members), or
- other activity.
You will then be asked to confirm a description of the activity and the date on which it was completed.
You should then record the number of hours of technical and/or professional learning completed. If you enter any time in the professional hours field, you will be asked to confirm whether the activity counts towards your Stage 3 Professional Skills Training requirements or whether it was simply other professional learning.
I have recently attended a two-day conference relevant to my area of work. How many CPD entries must I complete for this activity?
You are only required to complete one CPD entry for each single learning activity even where that activity spans a number of days, such as a conference or training course.
It is open to you to list the individual sessions or components of a conference or training course if you would like to record a separate learning outcome for each one.
Can I design my own CPD record form or use one from another professional body?
No, members who are required to record their CPD must do so using the online recording system within the members’ area of the website. This is because we use our online system to monitor records efficiently.
Do I have to record my CPD activities online?
Yes, you should record your CPD activity in your online record. You should also retain evidence of those activities for two years so that you are able to provide evidence to the IFoA if you are selected for monitoring.
Can I add my hours after the CPD year ends?
Category 1 members must have all their CPD activities recorded in their online record by the date they make their initial application or a renewal application for a practising certificate.
The CPD year for all other members runs from 1 July to 30 June. Those members’ CPD records remain open for recording activities for one month following the end of the CPD year, until 31 July. The online system then closes on 31 July and members are not able to add or amend any activities recorded for the previous CPD year.
Members in Category 1 whose CPD records are not compliant as at the end of their CPD year will not be able to renew their practising certificates.
Members in all other categories whose CPD records are not compliant as at the end of their CPD year on 30 June will be offered an extension to 30 September to update their CPD records upon making payment of an administration fee. Members must then send details of the relevant activities to the Membership Team at email@example.com for inclusion within their CPD records. If a member is unable to provide details of qualifying CPD activities they may be referred under the Disciplinary Scheme for failing to comply with the requirements of the CPD Scheme.
In certain circumstances, you may be offered the opportunity to make payment of a charge and have the fact of your default recorded in both the IFoA’s Register of Non-compliers and the Actuarial Directory. This option is only open to members who have not defaulted on the terms of the CPD Scheme in the last ten years.
Can I count Lifelong Learning towards my CPD requirements?
When the learning is relevant to your work or role and addresses a personal development need, this can also be used to meet your CPD requirements.
Lifelong learning can be described as a member’s individual search for ways in which to enhance their personal learning and development. This can be undertaken via a variety of methods to suit different working styles and interests.
If you have any enquires about CPD, please contact the Membership Team
We aim to respond to all enquiries within two working days.
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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.
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.
Presenter: Rahul Verma
Presenter Matt Modisett
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?
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
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 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.
Presenter Jon Spain
Three actuaries – and CEOs – discuss their views on how the business world is changing and what that might mean for actuaries in the future.
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.
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.
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.
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.
Watch the live stream of this year's Autumn Lecture with guest speaker Rt Hon Nicky Morgan MP.