The course prepares you for the increasing levels of responsibility placed upon you in your career. It will build on previous training in the Stage 1 Professionalism Course and help you to develop the skills you will need to manage, and where possible, prevent ethical dilemmas which may arise, and to exercise appropriate judgement and decisions to resolve them.
What’s involved in the course?
The Stage 2 Online Professionalism course uses discussions of case studies to explore concepts of professionalism, awareness of the Actuaries' Code, and business ethics. Participants will have the opportunity to ask any questions in relation to the case studies, or other ethics/professionalism-related topics in a Q & A session.
The course is spread over one week, with two weeks beforehand for you to do the required advance work. It is designed to enable participants to continue their working day whilst on the course.
It is important that you set aside time regularly to:
- follow and contribute to the online debates during the ‘active’ week of the course, observing the deadlines shown in the timetable
- read the case study materials, and comment on these during the two weeks before the course starts
The aim of two weeks advance access to the course is to give you time to familiarise yourself with the course, and to do the preparatory reading and comments. You are then required to make further contributions to the case study discussions during the week of the course.
Who is required to do the Stage 2 Online Professionalism Course?
Students who joined the IFoA on or after 1 July 2020:
- must complete the course before they can become an Associate.
What are the transitional arrangements for Students and newly qualified Fellows?
Students who joined the IFoA before 1 July 2020:
- if you are a student member who joined on or after 1 July 2006 you will need to complete the course between the 4th and 6th anniversaries of your admission, or within a year of qualifying as a Fellow; whichever comes first
- if you wish to become an Associate you will need to complete the course, in addition to passing the relevant exams, before you can transfer, unless you have previously completed the old style Stage 2 Professional Skills Course (PSC).
Newly qualified Fellows
- need to complete the course within a year of transferring to Fellow, unless they have previously completed the old style Stage 2 Professional Skills Course (PSC).
Members who have completed the previous style Stage 1 Online Professionalism Awareness Test (OPAT) and are required to complete the new style Stage 2 Online Professionalism Course, will also have the option to do the Stage 1 Professionalism Course, at a point of their choosing should they wish to do so. This is being offered free of charge due to the substantial shift of content from the former Stage 2 PSC to the new Stage 1 Professionalism Course. If this applies to you please contact email@example.com to book your free place on the new Stage 1 Professionalism Course.
How do you book on the course?
To book your Stage 2 Professionalism Course log in to your online account, and follow the link to Book a Professionalism Course and select the Stage 2 option to see available dates.
You must have completed a course, or have a confirmed booking in place, within the required time frame where applicable, as failure to do so will lead to penalties being imposed on you.
What is the course fee?
|Course||Full rate||Reduced rate|
|Stage 2 Online Professionalism Course||£150.00||£105.00|
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.
If you have any questions about Stage 2: Online Professionalism Course please contact Education Services.
Filter or search events
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.
This webinar will provide an update on the emerging thinking around future regulation of DB schemes:
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.
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.
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.
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
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.
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.