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Support for members

We understand that there may be times in your professional life when personal circumstances mean that you find it hard to meet your professional obligations: health issues or other life events can take over and make it hard to prioritise matters such as CPD deadlines, Practising Certificate renewals or renewing your membership subscription.

There are a number of practical ways we can support you through such times, for example:

  • Exercising discretion where procedural deadlines are missed by Members suffering from health issues, for example missing the last date for payment of a subscription fee;
  • Helping members manage their CPD or their Practising Certificate applications. Changing membership category where appropriate or securing an exemption from the requirements of the CPD Scheme.

The first step is to get in touch with the Membership Team via cpd_feedback@actuaries.org.uk or by telephone on 0131 240 1325 to explain your situation.

We will appoint a senior member of the team to help you with your regulatory obligations.

Practical examples

Some practical examples to illustrate the support that may be offered by the IFoA:

A Category 2 Member (non PC-holding Fellow or Associate) alerts the Membership Team to the fact he/she will be unable to undertake CPD due to health issues.

The IFoA may, depending on the circumstances:

  • grant a partial exemption from the Member’s CPD requirements (where the Member intends to be or has been off work for more than three consecutive months, with at least one month in each applicable CPD year);
  • grant a full exemption from the requirements of the CPD Scheme where the IFoA considers that there are exceptional circumstances.

A Category 1 Member (PC holder) advises the Membership Team that he/she expects to be on leave for reasons of health issues for at least 12 months.

The IFoA may, depending on the circumstances:

  • grant a partial exemption from the requirements of the CPD Scheme (available where the member is absent from work for more than three consecutive months);
  • advise the Member of the options open to him/her if he/she chooses not to renew his/her certificate when it expires, for example:
    • automatically becoming a Category 2 member and taking up the option of applying for a partial or full exemption from the CPD requirements – per above; or
    • allow the certificate to lapse and be able to renew within 18 months of the date of expiry of the previous PC.

A Category 5 Member (Student) misses the deadline for recording their Stage 3 PST activity under the CPD Scheme due to health issues.

The IFoA may exercise its discretion and allow the late recording of CPD activity.

A Category 1 Member (PC holder) would like to resign his/her membership to allow him to fully concentrate on recovering from an illness and may or may not be interested in rejoining the IFoA at a future date.

The IFoA may grant the Member a partial exemption from the requirements of the CPD Scheme and advise the Member that on the expiry of his certificate he would automatically transfer to be a Category 2 member and could be granted a full CPD exemption. That exemption would ensure that the Member remains compliant with the CPD Scheme until his/her subscription year ends; at which point, if he/she failed to renew, his/her membership would lapse. The IFoA would set out that if he/she wished to reinstate his/her membership in the future, he/she should follow the reinstatement rules.

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Events calendar

  • Implications of 2019 IFRS 17 Exposure Draft

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    24 July 2019

    Fully booked.

    The International Accounting Standards Board (IASB) recently published an Exposure Draft (ED) of limited changes to its insurance contracts standard IFRS 17, effective date 2022.

  • Insurance Investment Roundtable with the IFoA & PRA - 25 July 2019

    EY Offices 1 More London Place London, SE1 2AF
    25 July 2019

    Spaces available

    The IFoA hosts regular roundtable meetings with the PRA on best practice in insurance investment and the application of the Prudent Person Principle, which governs insurance investment under Solvency II.

  • SIAS Event: Climate Zero to Climate Hero

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    3 September 2019 - 4 September 2019

    Spaces available

    An introductory session to help you get ahead with climate change.

    • Science, terminology and initiatives: handy facts to keep in your back pocket 
    • Getting your point across: how to influence people and avoid common traps and pitfalls
    • Taking action: what are actuaries expected to do...and what are we actually doing?
  • KSS event – The Regulatory Perspective

    Deloitte Saltire Court 20 Castle Terrace Edinburgh EH1 2EG
    5 September 2019

    Spaces available

    This KSS talk, presented by the FCA Head of Department in Scotland, will focus on the following 3 main areas:

    • FCA business plan priorities
    • The future of regulation
    • FCA Engagement in Scotland
  • Sessional Research Event - Risk Margin Working Party

    Staple Inn Hall, High Holborn London, WC1V 7QJ
    9 September 2019

    Spaces available

    For life insurers in the UK, the risk margin is one of the most controversial aspects of the Solvency II regime. Following its implementation, the risk margin came under considerable criticism for being too large and too sensitive to interest rate movements. These criticisms are particularly valid for annuity business – such business is of great significance to the national system for retirement provision. This criticism has led to political interest, and the risk margin was a major element of the Treasury Committee inquiry into Solvency II.

  • GIRO Conference 2019

    EICC, The Exchange, 150 Morrison St, Edinburgh EH3 8EE
    24-26 September 2019
    Spaces available

    GIRO is attended annually by over 800 delegates and speakers who are keen to discuss key topics such as Pricing, Reserving, Modelling and the future of the insurance industry. GIRO 2018 was a huge success and we have opened bookings early for what we hope will be another brilliant conference at the EICC in Edinburgh this year. 

     

  • The Future of the Actuarial Profession

    Staple Inn Hall, High Holborn London WC1V 7QJ
    3 October 2019

    Spaces available

    Three actuaries – and CEOs – discuss their views on how the business world is changing and what that might mean for actuaries in the future.

  • Spaces available

    Have you ever thought about working in wider fields? Would you like to play a role in the fight against climate change to make the planet better? 

    It can be difficult to do this - but seeing an example you can follow can make it more realistic. In this ‘green’ case study a template is outlined to show how actuaries can apply their skills more broadly - and in doing so, to make a difference.

  • Sessional Meeting - Autonomous Vehicles and impacts on the wider insurance industry

    Staple Inn, High Holborn, London WC1V 7QJ         
    28 October 2019

    Spaces available

    The Institute and Faculty of Actuaries is running a sessional meeting on autonomous vehicles on 28th October.  The session will showcase the work of the IFoA “Autonomous Vehicles” working party alongside a number of expert external presenters. 

  • Life Conference 2019

    The Convention Centre Dublin, Spencer Dock, North Wall Quay, Dublin 1
    20-22 November 2019
    Spaces available

    The Life Conference is the premier event for professionals interested in life insurance.  Offering a wide range of workshops and plenary sessions it’s the perfect opportunity to discover what’s hot and current in life insurance ensuring you get up to date on the latest thinking and innovation whilst meeting and exchanging ideas with a broad range of professionals.

  • Autumn Lecture 2019, London - Rt Hon Nicky Morgan MP

    Lincoln's Inn The Treasury Office, London WC2A 3TL
    2 December 2019

    Fully booked.

    The IFoA is pleased to announce that this year’s Autumn Lecture will feature the Rt Hon Nicky Morgan MP as its guest speaker.  Nicky has previously served as Financial Secretary to the Treasury and Minister for Women. She now chairs the Treasury Select Committee whose remit is to examine the expenditure, administration and policy of HM Treasury, along with all of its agencies and associated bodies.

  • Autumn Lecture 2019: Live Streaming

    Webinar 
    2 December 2019

    Spaces available

    Watch the live stream of this year's Autumn Lecture with guest speaker Rt Hon Nicky Morgan MP.