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Non-Practising Status

Those holding Non-Practising Status are exempt from the CPD Scheme requirements. You must contact the IFoA to hold the status.

Any member can apply for Non-Practising status if they are not currently involved in technical actuarial work.

This might include members who have retired completely or it might include those members who are working but not involved in technical actuarial work, such as those acting as Non-Executive Directors or Trustees. Whether work is paid or not is not relevant to your eligibility.

Applications can only be made where a member has, or intends to have, that status for 5 weeks or more (other than in relation to absence for parental or medical reasons where there is no such limitation). This will reflect in their entry in the Actuarial Directory.

For those that are absent for parental or medical reasons please consult the Absence from Work Policy .

How do I apply for Non-Practising status?

An online application form is available here. Once the application has been approved by the Membership Team you will receive an email to confirm your updated status.

What happens if I hold Non-Practising status for less than a full CPD year?

The requirement for the rest of the year will be on a pro rata basis according to the number of weeks that your status is no longer in place (rounded down to the nearest week). The hours requirement will be rounded to the nearest minute.  The Membership Team will be able to confirm this.

Parental Leave, Adoption Leave or Sick Leave

Members who are on parental leave or are absent from work for health reasons, will be deemed to have Non-Practising status for the period that they are away from work. The Actuarial Directory will not reflect any change in status if the reasons for absence relates to parental or medical leave. Please consult the Absence from Work Policy .

You do not need to apply for the status, but you should notify the Membership Team by email so that they can mark this in your record and confirm your pro-rata requirement.

What happens if I change status during the year?

Please notify the Membership Team. Your CPD requirement for the year would be pro-rated from the time of the change of status. If you are unclear about what that means in practice then the Membership Team can help.

Does Non-Practising status affect my IFoA membership in any other way, such as my subscription rate or the professional standards that apply to me?

No, the status does not have any bearing on your membership, other than to exempt you from the CPD Scheme. Your category of membership, subscription and access to member benefits all remain the same, as do your professional requirements such as compliance with standards and the Actuaries’ Code.

You are not obliged to apply for Non-Practising status even where you are eligible for it. For those members not carrying out any technical actuarial work, you can, of course, elect not to apply for Non-Practising Status and to remain in scope of the Scheme, if that suits your particular circumstances better. In those circumstances, Members will not be noted as Non-Practising in the Actuarial Directory. You should contact the Membership Team if you have any questions about your Membership category or the subscription rates that would apply to you.

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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E.g., 27/09/2020
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Events calendar

  • Autumn Lecture 2020: Professor Elroy Dimson

    Online webinar
    14 October 2020

    Spaces available

    Many individuals and institutions have a long-term focus, and invest funds for the benefit of future generations. Their strategy should reflect their long horizon. University endowments are one of the oldest classes of institutional investor, and I will present the first study of the management of these endowments over the very long term.

  • GIRO Conference 2020 Webinar Series

    Available to watch globally in November.
    02-13 November 2020
    Spaces available

    This year's GIRO has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the general insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's GI Online Learning Resource area.

  • Life Conference 2020 Webinar Series

    Online
    16 November 2020 - 27 November 2020

    Spaces available

    This year's Life Conference has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the life insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's website.

  • Spaces available

    Cash-flow driven investing is a game-changer for DB pension funds navigating their end-game. Suitable for sponsors who want to reduce risks on their balance sheets. And for trustees, it shifts the focus to providing greater certainty of returns, managing funding level volatility and ensuring they have enough income to pay cash-flow requirements.

  • Spaces available

    The talk will provide an understanding of the priorities and relationships between deficit reduction contributions, in the context of wider scheme funding, and different types of value outflow from the employer based on the working party’s recently published report.