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Professional Skills Training

The IFoA is committed to supporting our members in attaining the high levels of professionalism that assures our profession’s global reputation. In July 2020 we introduced changes to the IFoA’s 3-Stage Professional Skills Training which apply to all new joiners from 1 July 2020.

Transitional arrangements [apply to Members who joined before 1 July 2020].

Stage 1: Professionalism Course

This is a self-access e-learning course comprising of 4 Modules:

  • Module 1: Introduction to professionalism
  • Module 2: The IFoA; structure, regulation and compliance
  • Module 3: The Actuaries’ Code
  • Module 4: Professionalism in practice

The course can be accessed at any time, but must be completed before applying to sit CB3 Business Management Exam. 

For more detailed information please access: Stage 1 

Stage 2: Online Professionalism Course

This course builds on the knowledge acquired in Stage 1, with a format based around discussion of case studies with input from specialist ethicist and actuary facilitators. The course takes place over a 1 week period, with pre-reading of case studies to be undertaken and online contributions to be made in advance of the course start date. The course must be completed, either before qualifying as an Associate, or within 6 years of joining the IFoA.

For more detailed information please access: Stage 2

Course fees

There is a charge for Stages 1 and 2 from 1 July 2020. A reduced rate fee will be available for members currently on a reduced rate membership subscription fee, consistent with our pricing structure for other elements of the qualification. 

Course Full rate Reduced rate
Stage 1 Professionalism Course £75.00 £55.00
Stage 2 Online Professionalism Course £150.00 £105.00

Stage 3: Professional Skills Training

Stage 3 is an annual requirement to complete a minimum of 2 hours Professional Skills Training, defined in the CPD Scheme 2020 (effective from 1 September 2020) as “CPD activities with a Learning Outcome related to managing professional ethical challenges”.

For more detailed information please access:  Stage 3

Contact Details

professional.skills@actuaries.org.uk

For further information please contact the Professional Skills team.

Filter or search events

Start date
E.g., 04/03/2021
End date
E.g., 04/03/2021

Events calendar

  • Finance in the Public Interest Series

    16 March 2021 - 23 March 2021

    Spaces available

    There is widening debate that many of our social, financial and regulatory institutions need to be rethought so that we can create more sustainable futures, particularly in light of the Covid-19 pandemic, the policy/macro-economic response to the pandemic and how it affects consumers, as well as the impending climate crisis. This multi-day series of three keynote webinars, individually presented by leading economist John Kay, Sir Paul Collier, Professor of Economics and Public Policy at the Blavatnik School of Government, Ashok Gupta, Chair at Mercer Ltd, and Nico Aspinall, Chief Investment Officer at B&CE, will open up discussion on these essential topics. The series will culminate in a panel session with Chief Economist of the Bank of England, Andy Haldane.

  • The price is righter

    16 March 2021

    Spaces available

    This webinar provides an overview of the state of the UK protection market, and how different insurers are using different levels of sophistication to price (such as using customer demand models). It considers how insurers have implemented these sophisticated pricing techniques, and the practical challenges they have faced.

  • Spaces available

    This discussion will revolve around the latest industry developments including and introduction to Part VII transfers and Schemes of Arrangement (process, parties involved and recent events), insights and lessons from recent with-profits transactions and restructurings (including Equitable Life and Pru-Rothesay), how firms can apply these learnings to future arrangements, and the outlook for future with-profits transactions and restructurings (including the impacts of Covid-19 and Brexit)

     

  • Spaces available

    What is stewardship and how has the landscape changed under the 2020 UK Stewardship Code? How does effective stewardship create long term value for beneficiaries and what roles do asset owners and asset managers play in active stewardship. This webinar will offer answers to these questions in a practical approach to stewardship reporting.

  • Spaces available

    Mis-estimation risk is a key element of demographic risk, and past work has focused on mis-estimation risk on a run-off basis.  However, this does not meet the requirements of regulatory regimes like Solvency II, which demands that capital requirements are set through the prism of a finite horizon like one year.  This paper presents a value-at-risk approach to mis-estimation risk suitable for Solvency II work.