If you are experiencing disruption to your revision before your exam you should think carefully as to whether or not you should attempt it. By attending an exam you are confirming that you are in a position to do so.
If you are unsure of what might be considered mitigating circumstances please refer to the mitigating circumstances policy.
The Policy outlines what can be considered reasonable grounds for applying, for example illness of a serious nature; and what is considered sufficient supporting documentation.
You should read the policy carefully before applying.
If you have an ongoing condition you may wish to consider applying for access arrangements instead.
Online exam incidents
If you encountered any issues whilst sitting your online exam that prevented you doing your best (for example fire alarms or power shortages), you can apply for this to be taken into consideration.
Read the Exam guidance and behaviours document
Download the form to report any incidents
How can I apply?
If your application shows that your exam performance was impacted by events involving unforeseen circumstances or illness, further consideration may be given to the final result you have achieved.
You will need to send a Mitigating Circumstances application form to Education Services within 7 calendar days following the assessment date, together with your supporting documents. If you are applying for more than one assessment in your application it is 7 days from the date of the last assessment taken. If you need more time to collect the supporting evidence then you must submit the application form within the required time frame and submit your evidence separately, within 28 calendar days of the assessment.
If you are unable to obtain supporting documentation before the mitigating circumstances application deadline, please inform the Education Services team.
The IFoA reserves the right to reject applications if they do not meet the criteria set out in the Policy.
What happens if my application is accepted?
Appropriate consideration will be given to candidates facing difficult circumstances during their exam sitting. Successful applications may result in an adjustment in your overall mark to be equal to that of the pass mark.
You can read more about how applications are reviewed in the Policy itself.
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General information and practical advice that will be useful in your studies
Education Services Team
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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.
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.
Presenter: Rahul Verma
Presenter Matt Modisett
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?
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
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 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.
Presenter Jon Spain
Three actuaries – and CEOs – discuss their views on how the business world is changing and what that might mean for actuaries in the future.
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.
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.
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.
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.
Watch the live stream of this year's Autumn Lecture with guest speaker Rt Hon Nicky Morgan MP.