Please note that we only grant exemptions from the following subjects CT1, CT2, CT3 and CT7 until 31 December 2018. We do not grant exemptions from the following subjects CT4, CT5, CT6 and CT8.
From 1 January 2019, you can only apply via this route for CS1, CB1 and CB2. Please note we cannot grant exemptions from the following subjects: CM1, CM2, CS2 or CB3.
How do I apply?
You will need to demonstrate that your degree covered the IFoA subjects that you wish to apply for exemptions from.
To do this, you will need to provide the following information:
- A certified copy of your official full university transcript which should include marks for all modules taken in each academic year of the degree.
- A certified copy of your university degree certificate which is received after graduating.
- A copy of the official syllabus of the Institute and Faculty of Actuaries for each subject applied for with full explanatory hand written notes next to each key objective, indicating where this has been covered in your university syllabus. We can only accept notes on a printout of our official syllabus, which can be downloaded from our website. If your copy of our syllabus has been typed or written by the applicant, the exemption application will be returned.
- An official copy of your university syllabus from the time period of your study.
- Details of the assessment methods for your degree, including exam papers or confirmation of exam duration from your university.
- Documents (transcripts, degree certificate, exam papers, syllabus etc) in any other language than English must be accompanied by certified English translations.
You must include all the documents listed above to show that you have achieved the required standards in those parts of the degree course that cover the key objectives of the Institute and Faculty exams that you are applying for exemption from.
NOTE: Please provide certified copies of your documentation. We cannot accept responsibility for loss of your original documents.
What happens next?
We will review whether your degree covered enough of the IFoA syllabus(es) and check whether your marks were high enough.
We will then inform you in writing of the outcome of your exemption application.
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General information and practical advice that will be useful in your studies
Education Services Team
Institute and Faculty of Actuaries, 1st Floor, Park Central, 40/41 Park End Street, Oxford, OX1 1JD
We aim to respond to all enquiries within two working days.
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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.