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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.
Other actuary news
Added: Tue, 09/01/2018 - 16:53Failing to save or invest enough is the third biggest financial worry for UK adults this year, just behind the impact of Brexit and rising cost of living.
Added: Mon, 08/01/2018 - 16:32The deficit of defined benefit (DB) pension schemes for the UK's 350 largest listed companies fell from £84bn to £76bn over 2017 a decrease of more than 9%.
Added: Fri, 05/01/2018 - 14:03Britain attracted almost £3bn in venture capital investment to its technology sector in 2017 almost four times the amount raised by closest competitor Germany.
Added: Fri, 05/01/2018 - 11:44A series of natural catastrophes last year will cost the insurance industry $135bn (£100bn) the highest amount ever recorded, according to analysis by Munich Re.
Added: Thu, 04/01/2018 - 16:44The UK's service sector experienced a moderate increase in workforce numbers last December, but the rate of job creation was the lowest recorded in nine months.
Added: Wed, 03/01/2018 - 16:36The majority of firms listed in the FTSE 350 and Fortune 500 are not preparing themselves in time for imminent General Data Protection Regulation (GDPR).
Added: Wed, 03/01/2018 - 14:13The global economy will grow by almost 4% in purchasing power parity terms this year the fastest rate of expansion recorded since 2011.
Added: Wed, 03/01/2018 - 11:57The EU's Markets in Financial Instruments Directive II (MiFID II) came into effect today and is expected to be one of the final pieces of regulatory reform following the 2008 banking crisis.
Added: Tue, 02/01/2018 - 16:42Extreme weather events in the second half of last year are set to result in 2017 being one of the worst twelve months recorded for the global reinsurance market.
Added: Tue, 02/01/2018 - 13:28Challenging economic conditions saw the total disclosed pension liabilities of FTSE 100 companies increase from £584bn to £705bn over the last 12 months.