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All CT, CA1, ST and SA exams now have 15 minutes reading time at the start, but there are some rules about what you can and can’t use this time for.
Reading time aims to give you a chance to read the exam paper in full, to plan the order in which you will approach the questions, and to consider how to structure your answers.
The rules are given below, and took effect from the September 2016 session. These apply to all subjects.
During your exam there are certain things that you can do to help the markers, so that they can mark your script accurately.
I became a Fellow of the IFoA in 2011. Before that, I spent 10 years studying for the IFoA and CAA actuarial exams, and gaining industry experience.
We regret to announce the death of our Past President, Jeremy Goford.
Jeremy was President of the Institute of Actuaries from 2002 to 2004. He died on 25 February 2017, aged 71.
Our sympathy and condolences go out to Jeremy's family and friends.
The Institute and Faculty of Actuaries (IFoA), through its Actuarial Research Centre, is inviting research teams and organisations to submit proposals for a research project on behavioural finance.
On Tuesday 7 February 2017, the General Insurance (GI) Board hosted an open forum at Staple Inn Hall to enable members to address and represent the GI perspective on the review of the Ogden discount rate. The occasion attracted 104 delegates who joined a hearty discussion around the possible impact of a rate change on reserving, capital modelling, underwriting and other areas.
The Institute and Faculty of Actuaries (IFoA) has awarded the Quality Assurance Scheme (QAS) accreditation to Steve Dixon Associates llp (SDA llp) after its successful application for inclusion in the flagship scheme
The Institute and Faculty of Actuaries (IFoA) has today (Friday 10 February 2017) responded to the Task Force for Climate-Related Financial Disclosure’s (TCFD) consultation on Recommendations for Climate Change Disclosure launched in December of last year.
In October 2016 we announced the changes that are being made to our curriculum in preparation for its launch in 2019.
The full new curriculum will be introduced from the April 2019 exam sitting. However, we will be introducing the new Personal and Professional Development (PPD) structure (which is replacing work-based skills) and the new format CA3 (now called CP3) from September 2017.
The International Actuarial Association Mortality Working Group, Chair Brian Ridsdale, works on mortality and longevity issues within the framework of the International Actuarial Association Mortality Group (IAA). It has now produced an Update from its latest meeting held in Cape Town, South Africa, on 19 and 21 November 2016
Other actuary news
Added: Mon, 16/10/2017 - 17:53Worries surrounding the UK's decision to leave the EU have eased among chief financial officers (CFOs) over the last three months, according to the findings of a new survey by Deloitte.
Added: Mon, 16/10/2017 - 15:18One in five FTSE100 defined benefit (DB) pension schemes could struggle to meet their commitments to members in the event of an economic downturn.
Added: Mon, 16/10/2017 - 13:14EMEA businesses are spending four times more of their budget on insurance for property, plant and equipment (PP&E) than they are covering cyber exposure.
Added: Fri, 13/10/2017 - 18:09The UK's capital has been deemed the world's most attractive city to businesses and talent for the tenth year running by the Tokyo-based Mori Memorial Foundation.
Added: Fri, 13/10/2017 - 15:17Some 78% of UK adults admit they are not sure or do not know where to check if they are on track with their retirement savings.
Added: Wed, 11/10/2017 - 13:22The majority of UK investors want to see a fairer and more sustainable society, yet two-thirds have never been offered ethical funds.
Added: Wed, 11/10/2017 - 12:24An increasing number of older people that are physically frail and often suffering with dementia are placing an unprecedented level of pressure on the NHS.
Added: Tue, 10/10/2017 - 15:17Smart technology is widely expected to transform the home insurance industry, but a lack of consumers engaging with connected technologies is hindering progress.
Added: Mon, 09/10/2017 - 18:17Two-thirds of UK motorists do not want an electric or hybrid vehicle, despite the government's pledge to ban the sale of new diesel and petrol cars by 2040.
Added: Mon, 09/10/2017 - 14:07Some 21% of UK adults anticipate they won't need residential social care in their old age, suggesting the overwhelming majority are facing up to the prospect.