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New Professional Skills Resources 2021/2022

The Institute and Faculty of Actuaries (IFoA) develop online Professional Skills Training (PST) content for its Members to enhance their professional skills and to assist those Members who are subject to the requirements of the CPD Scheme to meet their Professional Skills Training requirements under the Scheme.

The IFoA’s online content is just one option to satisfy the requirements which are to undertake a minimum of 2 hours of “CPD Activities with a Learning Outcome related to managing professional ethical challenges”. The content includes a range of video case studies covering professional and ethical issues.

This is the first of two planned releases of content for the current CPD year; more content will be published in March 2022.  The combined content published in November 2021 and March 2022, together with our programme of professional skills webinars will provide Members with ample opportunities to enhance their professional skills and to meet their CPD requirements if applicable.

Here is a taster of the video case studies included in the latest release of content published in November 2021:

  • The Pitch – see how a  new business pitch meeting goes from bad to worse due to a lack of preparation, in-built biases, and preconceptions by the consultancy staff.
     
  • Pride or Prejudice – four colleagues discuss the recruitment of new members to an internal working team, but how fair and appropriate is the recruiting process?
     
  • Independence Day – a reliable Insurance company is considering the best option for a tranche of its business, but the project team is under pressure to come up with a specific outcome before they have even done the analysis.
     
  • The Many Faces of Bias – an interactive microsite (approximate running time 30 minutes) raises awareness of how unconscious biases present themselves and describes the different types of biases we can be susceptible to.

In addition, there are other mini case studies in various formats. For each video case study, there is a separate video where actuaries and others discuss the issues raised.

View the 2021/2022 videos
 

Request a Toolkit from professional.skills@actuaries.org.uk if you wish to run a professional skills session for your colleagues or local association.  This will give you access to downloadable links for the videos, useful tips on running a session, and access to a range of supplementary content.

Contact Details

professional.skills@actuaries.org.uk

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Events calendar

  • Spaces available

    With the Pension Schemes Act 2021 requiring a long term strategy from Trustees and sponsors, choosing a pensions endgame strategy has become even more critical. However, it is important that the endgame options available are adequately assessed before choosing one. With an ever-increasing array of creative and innovative options available, this decision may not be straightforward.

  • Spaces available

    Over recent months there has been a sharp rise in M&A activity involving British businesses, with interest from overseas, domestic buyers and Private Equity investors.  

  • Spaces available

    Frank Redington is recognised as one of the most influential actuaries of all time. In this talk, Craig will review some of Redington's most important ideas. He will identify the consistent actuarial principles that form a common thread across the contributions Redington made to a broad range of actuarial fields, and will highlight the ongoing relevance of Redington's thinking to 21st century actuarial practice.

  • Spaces available

    What will happen to DC pension savers who see life annuities as poor VFM but still want an income for life?  Pooled annuity funds could offer them a decent lifetime income while reducing significantly the complex choices and risk inherent in income drawdown.  They could be the next generation of CDC pension schemes, slotting into the existing DC framework as a post-retirement option.