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Membership FAQs

Frequently asked membership questions are answered below:

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.


How do I make a complaint?

Download the IFoA Membership Complaints Policy for full details.

Related documents

Contact Details

If you have any questions about membership please contact

membership@actuaries.org.uk

We aim to respond to all initial enquiries within two working days.

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E.g., 23/11/2020
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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.