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Practising Certificate holders

New CPD Scheme requirements for all Practising Certificate holders

Under the terms of the new CPD Scheme, you will have a requirement to complete 15 hours of CPD from 1 September 2020 – 31 August 2021. In addition, the updated PC Scheme requires that you complete an additional 15 hours of technical CPD related to the role (or roles) covered by the PC you hold during the same period. So, in total, you will have 30 hours of CPD to complete during the CPD year if you are a PC Holder.

Related information

You can find useful information about the New CPD Scheme below.


External CPD hours

There is no specific requirement to attend external events for PC Holders and it will be up to you to determine your learning and development needs. However, we would encourage you to try, where possible, to obtain CPD from different sources, so that you benefit from a range of different perspectives.

Reflective practice discussion

You will be required to arrange and participate each CPD year in a Reflective Practice Discussion with an Appropriate Person (someone who understands the nature of your work, development and learning outcomes). This could be with a line manager, a peer or, if you are unable to identify someone suitable, with someone from a pool of appropriate persons organised by the IFoA. From September 2021, each year the IFoA will also ask certain members to participate in a Reflective Practice Discussion with the IFoA Team. The purpose of these discussions is to allow you to consider your learning needs, the outcomes of your CPD activities and then reflect on whether those outcomes met your needs. You will be expected to discuss all activities, whether you took part in them to fulfil the CPD Scheme requirements or the PC Scheme requirements.

If you are employed by an organisation that follows the IFoA’s QAS CPD Scheme

You will be exempt from the additional requirements under the PC Scheme and should follow the terms of your employer’s policies and procedure in relation to the QAS CPD Scheme.

If you are employed by an organisation that follows the IFoA’s QAS CPD Scheme and change employer during the CPD year

The additional CPD requirements under the PC Scheme will apply on a pro-rata basis, using the date from which you are no longer subject to the QAS CPD Scheme. If you have any further queries, please contact us.

Parental leave or leave due to ill health 

Members on parental leave or leave due to ill health are deemed to be Non-Practising members for the purpose of CPD requirements under the CPD Scheme for the period of their absence and do not need to comply with CPD while they are on leave. We do ask that members notify us of Non-Practising status so that we can update our own internal records. In terms of the additional CPD requirements for PC Holders in the PC Scheme, these may also be completed on a pro rata basis, deducting the period of absence.

CPD schedule

Practising Certificate Holders no longer have their own individual CPD year relating to their application date. Instead your CPD year will be the same as all members and restart annually on 1 September.

PC renewals

Any renewals after 1 September 2020 will happen after the new CPD Scheme is in place. There will no longer be a check by the IFoA of CPD compliance before a PC is renewed and you will no longer be required to log your CPD on the IFoA’s recording system to allow this check to happen. However, you will be asked to confirm that you will comply with the CPD requirements of the PC Scheme when you renew your certificate. You will also be required to confirm compliance with both the CPD Scheme and the updated PC Scheme when renewing your membership from 1 September 2021 onwards. You are required (under the new CPD Scheme) to keep your own record of CPD activity for use in Reflective Practice Discussions.

Contact Details

If you have any enquires, please contact us at the email address below

practising.certs@actuaries.org.uk

We aim to respond to all enquiries within two working days.

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Events calendar

  • Spaces available

    A panel discussion with investment representatives discussing the impact of investment on climate change and vice versa.

    This event is part of The Road to Glasgow: IFoA’s Sustainability Thought Leadership Series which will provide a platform for prominent contributors so that our members and others can understand the perspectives of a wide range of parties interested in the climate debate.

  • Spaces available

    Climate change is one of the greatest risks facing our world today. Addressing it will require multi-faceted solutions. Through this panel session, we will explore the different levers that can be used to meet net-zero targets including climate science and data, government engagement, and mobilising green finance.

  • Spaces available

    How governments and societies collectively respond to the climate crisis is increasingly being analysed through the lens of intergenerational fairness. Our expert panel will assess and explore the extent to which inter-generous fairness is being considered in climate policies, the lessons from those countries who are leading the way on fairness and justice in climate interventions, and more.

  • The Growth Mindset for Actuaries

    13 October 2021 - 8 December 2021

    Spaces available

    This practical course is aimed at actuaries at any stage of their career who want to develop their own growth mindset and apply it to their work setting and personal or professional lifelong learning. The content of the course builds on the lecture given by Dr Helen Wright on Growth Mindset as part of the President’s 2021 Lecture series, and will be delivered over a period of 2 months, from mid-October to early December.

  • Spaces available

    The climate crisis and the degradation of our planet will affect societies everywhere. How we address these threats will require solutions that transcend borders. As a global profession, the actuarial community is well-placed to consider and propose effective risk management solutions to help manage the climate crisis.

  • Spaces available

    Content will be aimed at all actuaries looking to understand the issues surrounding mental health in insurance and in particular those looking to ensure products and processes widen access for, and are most useful to, those experiencing periods of poor mental health.