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Exemptions based on other professional qualifications

If you have a qualification from another professional body you may be eligible for exemption from some exams. Students who have completed their professional qualification with a body the IFoA has an agreement with by December 2018 have until 2023 to claim their exemptions.
Qualifications from other Professional Bodies Eligible Exemptions for qualifications gained by end of December 2018 Eligible Exemptions for qualifications gained from January 2019 onwards
Association of Chartered Certified Accountants (ACCA) CT2 and ST0 CB1 and SP0
Associateship of the Institute of Chartered Accountants in England and Wales CT2 and ST0 CB1 and SP0
Chartered Financial Analyst:    
     Level I CT2 and CT7 CB1 and CB2
     Level I and II CT1, CT2, CT3 and CT7 To be confirmed
     Level I, II and III CT1, CT2, CT3, CT7 and CT8 To be confirmed
     CFA Chartered Holder/ Fellow All of the above CT subjects, plus ST0 To be confirmed 
Fellowship of the Chartered Insurance Institute (FCII) ST0 SP0
Chartered Institute of Management Accountants award (CIMA) CT2 and ST0 CB1 and SP0
GARP Certified Financial Risk Manager ST0 SP0
International Diploma in Risk Management, from the Institute of Risk Management ST0 SP0
Associateship of the Pensions Management Institute ST0 SP0

How do I apply?

You will need to complete and return the Exemptions application form and include a certified copy of official proof of your qualification.

Professional qualifications not listed above

If you have a qualification from a professional body that we do not have an agreement with you can still apply for exemptions.

We cannot grant exemptions from the following exams to holders of qualifications that we do not have an agreement with:

  • CS2, CM1 and CM2

How do I apply?

You will need to demonstrate that your professional qualifications covered the IFoA subjects that you want to apply for exemption from.

To do this you will need to complete the application form and send the following information:

  • Evidence of the qualification and the grades gained
  • Details of the syllabus followed
  • Copies of examination papers sat

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

Please provide certified copies of your documentation, as we cannot accept responsibility for loss of your original documents

The person certifying the documents must be either a Fellow or Associate employed by your company who is a member of either the IFoA or of an IAA recognised actuarial association.

What happens once I've sent the information?

We will review whether your qualification covered enough of the IFoA syllabus(es) and check whether your marks were high enough. We will inform you in writing of the outcome of your exemption application.

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Contact Details

Education Services Team

education.services@actuaries.org.uk

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

  • Implications of 2019 IFRS 17 Exposure Draft

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    24 July 2019

    Fully booked.

    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.

  • Insurance Investment Roundtable with the IFoA & PRA - 25 July 2019

    EY Offices 1 More London Place London, SE1 2AF
    25 July 2019

    Spaces available

    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.

  • SIAS Event: Climate Zero to Climate Hero

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    3 September 2019 - 4 September 2019

    Spaces available

    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?
  • KSS event – The Regulatory Perspective

    Deloitte Saltire Court 20 Castle Terrace Edinburgh EH1 2EG
    5 September 2019

    Spaces available

    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
  • Sessional Research Event - Risk Margin Working Party

    Staple Inn Hall, High Holborn London, WC1V 7QJ
    9 September 2019

    Spaces available

    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 Conference 2019

    EICC, The Exchange, 150 Morrison St, Edinburgh EH3 8EE
    24-26 September 2019
    Spaces available

    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. 

     

  • The Future of the Actuarial Profession

    Staple Inn Hall, High Holborn London WC1V 7QJ
    3 October 2019

    Spaces available

    Three actuaries – and CEOs – discuss their views on how the business world is changing and what that might mean for actuaries in the future.

  • Spaces available

    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.

  • Sessional Meeting - Autonomous Vehicles and impacts on the wider insurance industry

    Staple Inn, High Holborn, London WC1V 7QJ         
    28 October 2019

    Spaces available

    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. 

  • Life Conference 2019

    The Convention Centre Dublin, Spencer Dock, North Wall Quay, Dublin 1
    20-22 November 2019
    Spaces available

    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.

  • Autumn Lecture 2019, London - Rt Hon Nicky Morgan MP

    Lincoln's Inn The Treasury Office, London WC2A 3TL
    2 December 2019

    Fully booked.

    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.

  • Autumn Lecture 2019: Live Streaming

    Webinar 
    2 December 2019

    Spaces available

    Watch the live stream of this year's Autumn Lecture with guest speaker Rt Hon Nicky Morgan MP.