This is the amended Refund Policy applicable for the IFoA sessional examinations held in April or early May 2020 only. This is to reflect the impact of the COVID-19 pandemic and the impact it has had on the IFoA sessional examinations in April 2020.
Where a refund is being given, or is requested, students will receive a full refund if they paid the fee themselves, or alternatively the refund will go to the student’s employer, if their employer paid the fee.
The IFoA will do its best to process any refunds as quickly as possible. As this is not something we have undertaken before on such a scale, some refunds may not be completed until June 2020, although it is hoped most will be much quicker than that.
All refund requests must be made by email to Education.Services@actuaries.org.uk quoting your ARN and the examination/s for which a refund is requested.
Written examinations that have been cancelled – CM and CS series
Students booked onto the CM and CS examination series do not need to take any action. The IFoA will automatically process the refund as quickly as possible and will contact students (or their employer) if there is any issue with processing the refund.
CP2 and CP3 online examinations
Any student who is unable to make either of these examinations will be refunded in full if they confirm by 8 April 2020 that they do not wish to sit under any change of circumstances.
Requests for refunds due to health reasons are normally treated in line with the IFoA refund policy i.e. only if they have medical evidence that they were unable to attend will a student receive a full refund. However, if a student wishes to cancel an April examination booking because of health reasons the IFoA will waive the need for medical evidence, provided the student informs us before sitting an examinations. In addition any student who contacts us before sitting an examination to inform us they are “self-isolating” and unable to participate in the examination will also receive a full refund of their examination fee.
Any student who does not attend an examination will be marked as “absent” in the normal way with no refund made.
Written examinations which have converted to online delivery
Any student who is unable to make any change of date or who does not want to sit the examinations in the online delivery format will be refunded in full:
if they confirm by 16.00 GMT 15th April 2020 for the rearranged examinations in week beginning 27 April 2020
or
if they confirm by 16.00 GMT 22nd April 2020 for the rearranged examinations in week beginning 4 May 2020
Requests for refunds for health reasons are normally treated in line with the existing policy i.e. no refund UNLESS they have medical evidence that they were unable to attend will receive a full refund. However If the student wishes to cancel because of health reasons the IFoA waive the need for medical evidence provided they inform us before sitting an examination. In addition any student who contacts us before sitting an examination to inform us they are “self-isolating” and unable to participate in the examination will also receive a full refund of their examination fee.
Any student who does not attend an examination will be marked as “absent” in the normal way with no refund made.
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Events calendar
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Presidential Speaker Series - The New Long Life
Webinar26 January 2021Drawing from his most recent book “The New Long Life” and his longevity research Andrew J Scott will outline how longer lives and new technologies will fundamentally reshape how we structure our lives and transform the economy. As well as looking at the agenda this will set governments and corporates he will focus on the implications for you and how you prepare your future career.
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Pensions: Actuarial Factors used to Calculate Benefits in UK Pension Schemes
Webinar28 January 2021The IFoA’s Actuarial Review Team has published its first thematic review, which looked at the actuarial advice given by scheme actuaries to UK pension scheme trustees on setting transfer values and commutation rates.
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India Town Hall
Webinar28 January 2021IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual India Town Hall 2021, hosted by John Taylor with IFoA Council Member Mahidhara Davangere and IFoA Chief Executive, Stephen Mann.
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Winter Thought Leadership Lecture with Vicky Pryce
Webinar3 February 2021What are the options for the world economy looking ahead?
In this Thought Leadership Lecture, Economist, Vicky Pryce, will be discussing world economic trends, including the differences in geographical performance and how output is recovering and where.
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Professional Skills Training Webinar - 9 February 2021
Webinar9 February 2021Trust and Leadership for Actuaries
Led by Dr. Jim Baxter, University of Leeds, this webinar introduces some key ideas in the ethics of trust, with a particular focus on those in, or on the path to, leadership roles. Dr Baxter is joined by a panel of experienced leaders who will give their personal perspectives on how they understand the value of trust and how they seek to promote and inspire trust, drawing on their experiences of leadership. The panel includes:
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Health and Care Hot Topics webinar
Online webinar10 February 2021In this webinar, we have two presentations showing the latest research on the implications for life and health insurers of two key issues: genomics and pandemic risk.
Dr Peter Joshi and Paul Timmers will share their research on how well-established underwriting processes can allow for genomics in predicting expected mortality and morbidity. They will then discuss the potential for stratified screening and personalised medicine to improve health and reduce claim costs.
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As the world’s attention begins to turn to COP26 later this year in Glasgow, Sarah Gordon (Chief Executive, Impact Investing Institute) will share her vision for how the financial services industry can deliver for people and the planet, as well as how to encourage more investment with the intention to generate positive, measurable social and environmental impact alongside a financial return.
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Sub-Saharan Africa Town Hall
26 February 2021IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual SSA Town Hall 2021, hosted by John Taylor with IFoA Council Members Mukami Njeru, Prosper Matiashe and IFoA Chief Executive, Stephen Mann.
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MENAP Town Hall
2 March 2021IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual MENAP Town Hall 2021, hosted by John Taylor and IFoA Chief Executive, Stephen Mann.