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Definitions

This glossary provides definitions of terminology used in the CPD Scheme

CPD glossary

Term Definition
Administration fee A payment of £50 to the Institute and Faculty of Actuaries (IFoA).
Charge A payment of £750 to the IFoA.
CPD Learning which is relevant to the nature of the member’s work or role and which addresses a personal development need.
Evidence

Written evidence of participation in the CPD activity recorded which includes but is not limited to:

  • a signed register of attendance
  • a certificate vouching for the completion of  a course or activity
  • hard copies of lectures or presentations delivered by the member
  • articles or papers written for publication and
  • written confirmation from a provider of an on-line resource.
External events

Any training or development activity which exposes a member to an exchange of viewpoints and includes individuals from outside the member’s own organisation. External events may include, but are not limited to:

  • relevant activities held within the member’s organisation which are hosted by, or which feature or include, a person from outside that organisation and
  • digital or on-line seminars or other web-based learning activities.
Learning outcome A description of the knowledge and/or skills which the member gained as a result of taking part in the CPD activity.
Online CPD record Members’ personal CPD records accessible via the members’ section of the IFoA website.
Outcomes Focused CPD Pilot The IFoA's pilot of an outcomes focused CPD Scheme with particpating organisations, or parts of organisations, holding a current accreditation under the IFoA's Quality Assurance Scheme
Practising certificate A practising certificate issued by the IFoA.
Professional Skills Training The training regime operated by the IFoA which focuses on the wider, non-technical skills which are required by all members, regardless of their role.
Relevant date

Either, the date:

  • of the member’s application for a practising certificate or
  • selected by the member in accordance with the provisions of the Practising Certificate Scheme.
Retired

Members who:

  • are not in paid work which relies upon their actuarial training and experience, in the widest interpretation, or on their membership of the IFoA
  • do not expect to return to such work and
  • have been registered by the IFoA as retired.
Technical skills Skills which are technical in nature and specific to a member’s area or role.

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.

Filter or search events

Start date
E.g., 11/08/2020
End date
E.g., 11/08/2020

Events calendar

  • Spaces available

    A Trusted Profession

    This free 1 hour CPD webinar is designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020 and is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive.

  • Spaces available

    Part of the Protection, Health and Care Conference 2020 webinar series

    Modelling the structure and trends of cancer morbidity risk is important for pricing and reserving in related health insurance fields such as critical illness insurance and care provision. We model the dynamics of cancer incidence over time in different regions in England, using 1981-2016 ONS data. The modelling allows estimation of cancer rates at various age, year, gender and region levels, following a Bayesian setting to account for statistical uncertainty. Our analysis indicates significant regional variation in cancer incidence rates. 

  • Spaces available

    Part of the Protection, Health and Care Conference 2020 webinar series

    In this talk we will outline the steps Aviva took in pulling together our first large-scale disclosures on the exposure of our business to climate change published in March 2019; in line with the recommendations of the Taskforce on Climate-related Financial Disclosures. After touching on why insurers have such an important role in climate change, we'll cover a brief “how-to” guide for those who have not yet embarked on thinking about these topics before giving a case study of how the learnings from a TCFD disclosure exercise can be applied to investment portfolios.

  • Spaces available

    Part of the Protection, Health and Care Conference 2020 webinar series

    The insurance industry currently underwrites customers with diabetes based on a range of factors, medical expertise and various medical studies. The work undertaken by the Diabetes Working Party would help the industry to approach this using current research findings to update and enhance how potential risk from diabetes is considered. This includes the need to understand the underwriting implications as treatments improve, and potentially to develop new products that are tailored to those with diabetes. This webinar will present our latest findings in the management of this important chronic condition which will include research in collaboration with the ARC. 

  • Fully booked.

    This event is now fully booked. To join the wait list, please register here.

    Get ready for the new CPD Scheme launching on 1 September. Join us for a discussion on what the new Scheme will look like in practice. There will be an opportunity to field questions to the IFoA Executive on how the Scheme’s requirements will affect you.

  • Asia Conference Webinar Series

    Webinars
    1 September 2020 - 24 September 2020

    Spaces available

    There will be a prestigious line-up of international speakers discussing the insurance and financial industry’s innovation and change in Asia.  The conference will take place throughout September via an online platform. The webinars consist of plenary speaking sessions and a series of workshop sessions including Life, GI, Data Science, Sustainability, Risk Management and Investment.

    This will be the perfect opportunity for you to discover,ask questions and be at the forefront of current and developing actuarial/financial topics and trends in Asia.

     

  • Spaces available

    In this webinar we will provide an insight into enterprise-wide risk management in banking, showing similarities to the world of insurance as well as identifying differences. Just as insurance companies have to submit an ORSA, so bank’s have to submit their own equivalent, the Internal Capital Adequacy Assessment Process or ICAAP.

  • Spaces available

    This free 90 minute webinar is designed to support the IFoA CPD Co-ordinators, and others, involved in supporting our members to achieve their CPD requirements. 

    The programme will include an overview of the new CPD Scheme; specifically sharing with you key messages to support you implement and embrace the new CPD Scheme for our members within your organisation and regional community; how to arrange a reflective practice discussion; and an interactive reflective practice discussion learning exercise.  In addition, delegates will gain information about accessing, and making the most of the IFoA event Toolkits which you can make use of to run your own in-house events and events for regional communities.