As actuarial science and the skill set of actuaries are used in wider applications in both traditional and non-traditional fields, and the IFoA increases its intake of overseas members, our curriculum must be updated to reflect these challenges and ensure that it is fit for purpose in today’s evolving world.
Important changes to CT9/CB3 Business Awareness for 2018
New students studying curriculum 2019 will not see an increase in the number of study or examination hours compared to the existing curriculum. This will also apply to existing students who will transfer across to curriculum 2019, providing they have met the transfer guidelines.
The new curriculum will come into effect on 31 December 2018 and the last session for the current curriculum will take place in September 2018.
Students will have until 1 February 2019 to obtain any relevant exemptions agreed to under the current curriculum. This does not apply to students still to complete their degree programme at those universities where an agreement is in place with the IFoA.
The new curriculum should be read before reading the new syllabus. The new curriculum covers the three main components of an actuarial qualification: examinations, professionalism and work-based experience. The document shows precisely how the current syllabus will be transferred on to the new curriculum.
The syllabus comprises detailed information on all the modules, objectives and requirements of the relevant actuarial qualifications under the new curriculum.
PPD and CA3 changes 2017
Further to recent notifications about 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, more information about these two elements has now been released:
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