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ST0 - Alternative Specialist Technical

You may be eligible for an exemption from ST0 (Alternative Specialist Technical subject) as a result of previous study

This could include qualification with another professional body or study for an MBA.

Postgraduate study and eligibility for exemption 

You will be eligible for exemption if:

  • you have written a postgraduate dissertation or thesis on an actuarial or financial subject.  An undergraduate dissertation cannot be considered;
  • you have written a non actuarial MSc, postgraduate diploma, MPhil or PhD in an economics, finance or finance related discipline;
  • you hold an MBA from a university that appears on the current FT Global MBA ranking.

If you hold a Masters degree or a postgraduate diploma in actuarial science or actuarial management, the qualification should give exemption from other subjects and will not therefore be eligible for exemption from ST0.

Members of other professional bodies may also be eligible to apply for an exemption from ST0

Qualification Subjects for which exemption is offered by the Institute and Faculty of Actuaries
A dissertation written as part of a postgraduate degree course, or certain postgraduate qualifications (see below for more information) ST0
An MBA from an institution listed in the FT Global MBA ranking at the time the MBA was awarded ST0
ACCA Qualification CT2 and ST0
The Chartered Alternative Investment Analyst designation (CAIA) ST0
Associateship of the Institute of Chartered Accountants in England and Wales, or of the Institute of Chartered Accountants in Scotland CT2 and ST0

Chartered Financial Analyst

  • Level I
  • Level I and II
  • Level I, II and III
  • CFA Charter Holder/Fellow


  • CT7 and CT2
  • CT3 and CT1
  • CT8
  • ST0
Fellowship of the Chartered Insurance Institute (FCII) ST0
Chartered Institute of Management Accountants award ST0
GARP Certified Financial Risk Manager ST0
International Diploma in Risk Management, from the Institute of Risk Management. Details of the diploma can be found at ST0
Associateship of the Pensions Management Institute, or of the Irish Institute of Pension Managers ST0


If you have a qualification from a professional body that we do not have an exemption agreement with, you can still apply for an exemption from ST0

You will need to provide the following:

  • documentary evidence of the qualification and the grades attained;
  • details of the syllabus for the qualification;
  • copies of the examination papers.

All documents must be certified copies signed by your employer, who must be an actuary.

All applications for an exemption from ST0 are reviewed individually

The possession of one of the above qualifications does not automatically mean that applicants will be eligible for the exemption.




Contact Details

Education Services Team

Institute and Faculty of Actuaries, 1st Floor, Park Central, 40/41 Park End Street, Oxford, OX1 1JD

+44 01865 268207

We aim to respond to all enquiries within two working days.

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Events calendar

  • Spaces available

    Climate-Related Risk - This free to view webinar on Climate-Related Risk is the first in a series focusing on some of the ‘Hotspots’ identified in the JFAR Risk Perspective bringing the Risk Perspective to life with practical illustrations and insights from subject experts from the IFoA and other Regulators

  • Spaces available

    Recent decades have seen institutions, such as employers and financial services, give people more choice and flexibility, but these freedoms have come with more responsibilities. Individuals are now responsible for managing more of their own financial risks, from ensuring they put enough money into their pension to securing affordable protection to be financially resilient.

  • Actuarial Innovation in the COVID-19 era

    This event is online. 
    26 April 2021 - 7 May 2021
    Spaces available

    Join us for this brand new IFoA webinar weries comprising of a fortnight of webinars, panel sessions and a hackathon, that showcase the range of ways in which the actuarial profession has added value, in the public interest, to the understanding and management of the current and future pandemics through insight and learning.

  • Spaces available

    This event is now temporarily closed on Monday 26 April, but the session will be repeated on Tuesday 27 April, 09.00-10.30. Please click here to register your place. 

    Actuaries have a lot to offer biodiversity management over the next decade as the world develops more depth to its response to this global challenge. This sessional offers an opportunity to learn about this emergent risk, to contribute to our thinking as a profession and help us develop the next steps forward.

  • Europe Town Hall

    28 April 2021

    Spaces available

    IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual Europe Town Hall, hosted by John Taylor with IFoA Council Members Alan Rae, Jennifer Hartley, Maribel Vasquez Flores and IFoA Chief Executive, Stephen Mann.

  • Spaces available

    Sessional Meeting - Free to viewMis-estimation risk is a key element of demographic risk, and past work has focused on mis-estimation risk on a run-off basis.  However, this does not meet the requirements of regulatory regimes like Solvency II, which demands that capital requirements are set through the prism of a finite horizon like one year.  This paper presents a value-at-risk approach to mis-estimation risk suitable for Solvency II work

  • Finance & Investment Virtual Conference 2021

    Available to watch globally in May.
    10-12 May 2021
    Spaces available

    This year's Finance and Investment Virtual Conference takes on the timely theme of ‘resilience’, something we have all learnt a lot more about in the last year! Our diverse range of talks will explore the theme of resilience in a variety of ways including in building robust investment portfolios, in the incorporation of ESG factors, in govern

  • Spaces available

    This talk will explore the potential benefits that wearable tech can bring to health & protection insurers and their customers. The traditional approach of integrating wearables into insurance has largely focused on measuring steps and using rewards-based incentive programs to encourage more activity.

  • Spaces available

    Join us for this talk with Professor Sir Adrian Smith as part of the 'Dr Patrick Poon Presidential Speaker Series'. Professor Smith joined The Alan Turing Institute as Institute Director and Chief Executive in September 2018. In November 2020, he became President of the Royal Society, in addition to his leadership of the Turing. He is also a member of the government's AI Council, which helps boost AI growth in the UK and promote its adoption and ethical use in businesses and organisations across the country. He received a knighthood in the 2011 New Year Honours list.


  • CILA 2021

    Available to watch globally in May.
    19-21 May 2021
    Spaces available

    We continue to live in a world of global uncertainty. Survival depends on our ability to simultaneously navigate through the diverse root-causes, ranging from: the consequences of Climate Change; on-going financial consequences of the COVID pandemic; or self-imposed changes in regulatory requirements and accounting standards.

  • Pensions Conference 2021

    Online webinar series
    16-22 June 2021
    Spaces available

    Welcome to the programme for our 2nd Virtual Pensions Conference. This year's conference features 11 webinars offering members and non-members the opportunity to get up to date content from leading experts in the pension industry. There will also be opportunity to ask questions and contribute to the discussion.