The aim of Pensions and Other Benefits Specialist Principles (SP4) is to develop a student’s ability to apply, in simple situations, the main principles of actuarial planning and control needed for the financial management of pensions and other benefits.
It builds on material covered in earlier subjects and seeks to equip a student with the skills and broad working understanding of pensions to the level that may be required of a qualified actuary working in a consultancy, insurance company, public sector body or other comparable financial institution.
Pensions and Other Benefits Specialist Principles (SP4) core reading is available from the IFoA E-Shop or our tuition provider ActEd (BPP).
From September 2021, an additional 5 minutes has been added to each paper to allow for candidates to download or print, if required, their exam paper.
Past papers and examiners reports for SP4
SP4 Syllabus for 2024 exams (PDF, 170 KB)
Pensions and Other Benefits Advanced (SP4) core reading
Exam format: 3 hours 20 minutes computer-based exam (Word)
Recommended study hours: 200
The aim of Pensions and Other Benefits Specialist Advanced (SA4) is to develop a student’s expertise to a level allowing the successful application of knowledge of the benefits environment and principles of actuarial practice, to complex situations relating to pensions and other benefits.
It builds on material covered in Subject SP4 and earlier subjects and seeks to equip a student with the skills and broad working understanding of benefit provision to the level appropriate to a senior manager of a consultancy, insurance company, public sector or other relevant financial institution.
Pensions and Other Benefits Specialist Advanced (SA4) core reading is available from the IFoA E-Shop or our tuition provider ActEd (BPP).
From September 2021, an additional 5 minutes has been added to each paper to allow for candidates to download or print, if required, their exam paper.
Past papers and examiners reports for SA4
Exam format: 3 hours and 20 minutes computer-based exam (Word)
Recommended study hours: 200