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Exemptions from CPD

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

  • 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.