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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 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.

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E.g., 20/01/2022
End date
E.g., 20/01/2022

Events calendar

  • Spaces available

    Over recent months there has been a sharp rise in M&A activity involving British businesses, with interest from overseas, domestic buyers and Private Equity investors.  

  • Spaces available

    Frank Redington is recognised as one of the most influential actuaries of all time. In this talk, Craig will review some of Redington's most important ideas. He will identify the consistent actuarial principles that form a common thread across the contributions Redington made to a broad range of actuarial fields, and will highlight the ongoing relevance of Redington's thinking to 21st century actuarial practice.

  • Spaces available

    The IFoA Mental Health working party look back over their week of blogs and podcasts considering all aspects of the relationship between mental health and life insurance. The expert panel spans adviser, underwriter and actuarial experience and they  explore triggers for purchasing insurance relating to mental health, the various routes to insurance and how these may be more suited to different people depending on their conditions and preferences, the products and processes involved in purchasing these as well as what claims and support are available to policyholders and how to access them.

  • Spaces available

    Part of the 'Finance in the Public Interest 2022' webinar series. If it was ever okay to consider your business in isolation from its surroundings, today it most definitely is not. Thinking about business within its surrounding system is now a necessity. The question we seek to discuss is: How should we prescribe the boundaries in which we consider problems to enable us to create better products and more resilient companies and systems?

  • Spaces available

    What will happen to DC pension savers who see life annuities as poor VFM but still want an income for life?  Pooled annuity funds could offer them a decent lifetime income while reducing significantly the complex choices and risk inherent in income drawdown.  They could be the next generation of CDC pension schemes, slotting into the existing DC framework as a post-retirement option.