Subscription FAQs
What will happen if I do not pay the fees that become due when I am transferred to Associate/Fellow?
If you do not pay the subscription fees within one month following your transfer to Associate/Fellow your transfer will not be complete. Your membership status will then revert back to Student/Associate.
Do I have to pay any subscription fees when I am transferred to Associate/Fellow?
Upon transferring to Associate/Fellow you will be required to pay the Associate/Fellow subscription fee minus any subscription fees that you have already paid during your year of transfer.
What should I do if my circumstances change and I am no longer eligible for a reduced rate subscription?
If you are no longer eligible for a reduced rate subscription, please let the Membership Team know. We will then update your record to full rate and you will be required to pay the remaining subscription balance.
Do I need to provide evidence of my income to prove my eligibility for a reduced rate subscription?
You are not required to provide evidence at the time of application however if your record is selected for audit purposes you may be asked in future to provide evidence of your eligibility.
Is there a reduced subscription fee for members on a low income?
If your gross taxable income falls below the threshold for your category of membership, you can apply for a reduced rate subscription. You can check the income threshold for each category of membership on the subscription information page.
When does my membership subscription fee become due for payment?
Membership subscription fees become due annually on 1 October. You should ensure that your subscription is paid by 31 October to avoid late payment fees which are applied on 1 November and on 1 December. View more information on subscriptions.
How do I reinstate my membership?
You should firstly contact the membership team at membership@actuaries.org.uk who will provide you with a reinstatement form for your completion. You can reinstate your membership at any time during the subscription year. Lapsed students who want to apply for exams, should ensure that they apply for reinstatement 2 weeks before exam closing dates. Please refer to the reinstatement guide.
What is the procedure if a member no longer requires their membership?
If a member no longer requires their membership they should contact the membership team at membership@actuaries.org.uk to inform of their intent and reason for resignation. Please note that the IFoA do not provide refunds if a member choses to resign before the end of the current subscription year..
How do I subscribe to one of the optional subscriptions such as SIAS or AFIR?
You can indicate the required optional subscriptions on your subscription letter and post the form to the membership team with payment. Alternatively you can telephone or email the membership team who will add the subscription on for you and the fee can then be paid online. +44(0)131 240 1325 or membership@actuaries.org.uk.
I will be transferring to fellow soon but my subscription notice shows the student rate. What should I do?
You should pay the student subscription fee at the outset. When you have been transferred to fellow, you will be contacted by the membership team who will advise you of the balance of fees due upon your transfer.
Related documents
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Subscription policy and membership operation
9 November 2020 -
Table of membership fees and subscriptions 2020/2021
19 August 2020
Contact Details
If you have any questions about membership please contact
We aim to respond to all initial enquiries within two working days.
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Events calendar
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ARC Webinar Series 2021 - Use of Primary Health Care Records Data in Actuarial Research
Webinar9 March 2021As part of the ARC Webinar Series 2021, this webinar will review the work of the UEA/Aviva research team over the last four years on a major research programme funded by the IFoA’s Actuarial Research Centre.
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Implications of Climate Change for Life Insurer's Risk Modelling and Strategic Asset Allocation
12 March 2021Climate change poses a significant threat across many regions and sectors, and businesses. Insurers and asset managers, must play a role in ensuring transparency around climate related risks and opportunities.
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Whilst insurers have been performing stress and scenario testing for many years, in the last 12 months the PRA has increased its focus on the ability to identify, measure and increase financial and operational resilience.
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Finance in the Public Interest Series
16 March 2021 - 23 March 2021There 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.
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The price is righter
16 March 2021This 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.
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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)
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The role of stewardship in creating long term value
25 March 2021What 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.
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Dr Catherine Donnelly will present the basics of the structures for pooling longevity risks and summarise recent research results in this area in addition to outlinging future research around this topic. This is work under a research programme funded by the IFoA's Actuarial Research Centre, called 'Minimizing longevity and investment risk while optimising future pension plans'.
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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.