We’re seeking members’ views on repositioning the Associateship as the primary pathway to qualification as an actuary and the rebranding of that qualification to Chartered Actuary.
Your Council has been considering the ever increasing pace of change in the actuarial profession and how we can best support you.
We have engaged with actuarial employers and other stakeholders who advised us that, in order to keep up with these challenges, we need to create a more contemporary, relevant qualification framework: one that ensures qualifiers are equipped to meet the changing priorities of employers and remain fit for the future. As a result of these conversations, we have developed a proposal that will have the explicit aim of improving the long-term employability of those who qualify as actuaries through the IFoA. Council now wishes to seek your views on, and test your appetite for, the changes suggested.
The central feature of the proposal is a newly titled qualification - the ‘Chartered Actuary’ (CAct). This new qualification would map closely to the current IFoA Associate level and bring it in line with the new International Actuarial Association (IAA) syllabus. It would become the initial qualification for any professional IFoA actuary, and would enable students to qualify more quickly as a generalist whilst continuing to maintain the high quality associated with the IFoA. The IFoA Fellowship would be retained as the recognised ‘gold standard’ for specialist actuaries. You can view the full proposal document here.
The webinars on 11 December allow you an opportunity to ask the questions that matter to you.
We are running two sessions 9.00 - 10.00 and 17.00 - 18.00
Clifford Friend, Director of Engagement and Learning
Marjorie Ngwenya, President
Charles Cowling, Chair of the Qualification Framework Task and Finish Group
Derek Cribb, CEO
|09.00 - 10.00||First Session|
|17.00 - 18.00||Second Session|