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Student and Associate terms and conditions

Student and Associate Terms and Conditions Summary

Student and Associate members – your relationship with the IFoA

To be clearer and more transparent about the service we provide and how we engage with you, we have consolidated the terms and conditions which apply to Student and Associate members.

We have brought together all the terms and conditions which currently apply to Student and Associate members in one place and have simplified the language that we use.

These Student and Associate terms and conditions will apply from 1 September 2021 for new joiners, and upon renewal of your membership subscription later this year for existing members.

What do these terms and conditions mean for me?

These terms and conditions govern your relationship with the IFoA. They explain the levels of service you can expect from us and what we expect from you in return.

The General terms apply to all Student and Associate members and cover your membership with the IFoA.  The Assessment terms apply to Student and Associate members when you are participating in IFoA assessments (examinations). 

We have briefly summarised the Student and Associate terms and conditions below. We will publish the full terms and conditions on our Student and Associate full terms and conditions on this web page in August 2021.

Our commitments to you:

General terms and conditions:

  1. You will enjoy the status of IFoA membership, with the full range of benefits that membership confers. 
  2. We will provide you with market-leading opportunities to further your actuarial learning and to obtain globally recognised qualifications. While we cannot guarantee success, we will do all we can to support you in your professional journey.
  3. We will be clear and open with you about your membership fees and when or how they may change.
  4. If we get something wrong, we will listen to you and do our best to put things right, fairly and promptly. We will compensate you for any reasonable loss we have caused you.
  5. We will handle your data carefully, in accordance with our Privacy policy.
  6. We will always aim to engage with you openly and respectfully.

Assessment (examinations):

  1. We will ensure our curriculum is kept up-to-date and relevant.
  2. We will explain assessment requirements clearly in the Student Handbook, which we will keep updated.
  3. When we need to update our curriculum, we will aim to give you 12 months’ notice of changes to the compulsory elements before we implement them.  We will also clearly explain to you what any changes mean for your journey to qualification as an Associate or Fellow.
  4. If we have to make changes to the Assessment Regulations or other IFoA assessment guidance documents, we will aim to give you at least three months’ notice. 
  5. We will be clear and open with you about:
    1. our assessment fees and when or how they may change, and
    2. when you will receive any appropriate refund of assessment fees.
  6. We will try our best to accommodate any request to change your assessment sitting, such as the date or time, while the exam registration period is still open.  Depending on the change requested, we may charge a reasonable fee.  We may not be able to accept changes to an existing booking outside of the exam registration period.
  7. If you cancel, we will issue an appropriate refund promptly in accordance with our Refunds policy.
  8. If we need to change the date or time of an assessment, we will give you as much notice as possible.  We will refund you 100% of the assessment fee if the new date is not convenient for you.

Your commitments to us

You agree to:

  1. Comply with the Actuaries’ Code and other IFoA regulatory requirements.
  2. If you are sitting our examinations, behave professionally and with integrity and comply with the Assessment Regulations.
  3. Let us know if your situation changes, for example, if you are no longer eligible to pay reduced rate subscription. 
  4. Be respectful to us and to the profession.

Ending our relationship

We hope that you won’t wish to, but you are free to end our relationship**, at any point. If you decide to return, you will be welcomed back, subject to the applicable reinstatement terms.

We may only end our relationship in the following circumstances;-

  1. You do not pay (without good reason) your subscription fee by the deadline;
  2. You do not fulfil your commitments under the Student and Associate terms and conditions; or
  3. If there is a finding of misconduct against you under the Disciplinary and Capacity for Membership Schemes.

Full terms and conditions governing your relationship with the IFoA, will be published on this web page in August 2021.

**The Disciplinary and Capacity for Membership Schemes may still apply in relation to circumstances arising before termination of your membership.

Filter or search events

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E.g., 26/07/2021
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Events calendar

  • Asia Conference 2021 webinar series

    Online webinar series
    26 July 2021 - 30 July 2021
    Spaces available

    We have made it through 2020 but the COVID-19 crisis continues to have a significant impact on individuals, societies, businesses and the wider economy across the globe. Navigating the world post COVID-19 in an uncertain and highly unstable time brings along many uncertainties, challenges and exciting opportunities. Hence the theme of this year’s IFoA Asia Conference Webinar Series is “Risk. Adapt. Thrive.”

  • CMI Income Protection

    30 July 2021

    Spaces available

    In April 2021, the CMI Income Protection Committee published Working Paper 149, which detailed the changes to analysis methodology for the Income Protection Investigation and the impact of past data issues. This webinar will provide an overview of the changes in the analysis approach and discuss the adjustments to the IP11 claim inceptions graduations.

  • Spaces available

    Risk Management Webinar ProgrammeInternal audit is often the Cinderella of the audit world. It’s a regulatory requirement for insurance companies to have an internal audit function, so why not make it as useful as possible?  This session will look at how to link an internal audit plan to the risk register, and how that helps audit committees and boards to spot problems and fix them.

  • Spaces available

    Climate change is one of the greatest risks facing our world today. Addressing it will require multi-faceted solutions. Through this panel session, we will explore the different levers that can be used to meet net-zero targets including climate science and data, government engagement, and mobilising green finance.