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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”. The CPD Scheme 2019/2020 remains in force until 30 August 2020.

For more detailed information please access:  Stage 3

Contact Details

professional.skills@actuaries.org.uk

For further information please contact the Professional Skills team.

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Start date
E.g., 23/11/2020
End date
E.g., 23/11/2020

Events calendar

  • Spaces available

    The webinar will discuss the challenges and opportunities schemes face in evaluating end game options, choosing a target state and understanding the impact this strategic decision could have on member outcomes long after the “end state” is reached. Adolfo, Kevin and Rhian bring over 60 years of experience in the industry and a variety of perspectives as scheme actuary, covenant adviser, trustee, de-risking adviser and insurer.

  • Spaces available

    Retail banking is going through a period of substantial change as it moves into the digital age. Banks have large amounts of data about their customers and about their risks. Open data application programming interface (APIs) and data science are enabling banks to use their data to offer innovative and sometimes personalised services. Data science is also adding value in risk areas such as fraud detection and cyber security. At the same time, the move to online banking is making it easier for firms including fintechs to enter banking without having to establish branch networks.

  • UK Town Hall 08:30-09:30

    Webinar
    4 December 2020

    Spaces available

    IFoA President Tan Suee Chieh would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual UK Town Hall 2020, hosted by Tan Suee Chieh with IFoA’s Immediate Past President, John Taylor, President Elect, Louise Pryor and IFoA Chief Executive, Stephen Mann.  

  • UK Town Hall 10:00-11:00

    Webinar
    4 December 2020

    Spaces available

    IFoA President Tan Suee Chieh would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual UK Town Hall 2020, hosted by Tan Suee Chieh with IFoA’s Immediate Past President, John Taylor, President Elect, Louise Pryor and IFoA Chief Executive, Stephen Mann.  

  • 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

    Patrick Kennedy, Partner at Gateley Legal and Founding Director of Entrust (a leading professional pensions trustee company), will be delivering an update on the latest legal developments during the course of 2020. With both a pensions legal perspective and over 25 years of trustee service, Patrick will seek to highlight how the letter of the law has continued to evolve against the backdrop of a difficult and challenging year

  • 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. 

  • Spaces available

    Running off the £2 trillion of UK corporate sector defined benefit liabilities in an efficient and effective fashion is the biggest challenge facing the UK pensions industry. Trustees and sponsors overseeing those schemes need to be clear on their target end-state and the associated journey plan – but too few have well articulated and robust plans.

  • Spaces available

    The actuarial skill set has much to offer the banking industry. So many of the skills that actuaries acquire during their working life translate across to the world of banking and yet banking is perceived as an alien environment to many actuaries. But is it?

  • Spaces available

    Covid-19 has required an urgent and cross-practice initiative to facilitate the extensive impact this pandemic has across all industries. IFoA members have been keen to contribute in a different way, so we developed the IFoA Covid-19 Action Taskforce [ICAT] to coordinate our effort, with a more efficient governance.

    We have over 500 volunteers and countless topics which we have amalgamated into 93 workstreams.