You are here

Other Actuarial Associations (Route B)

If you have completed examinations with an actuarial association that the IFoA has an agreement with, you may be eligible to apply for exemptions from some of our examinations.

If you are not sure which IFoA examination exemptions your qualification makes you eligible to apply for, you can search for your qualification using our Find my exemptions search tool.

You can find the Find my Exemption search tool by logging in to the IFoA website and clicking on My Account. In the My Account area, select My Exams and then Exam Exemptions, where you will find the Find my Exemptions search tool.

If you are applying for IFoA examination exemptions on the basis of a qualification you achieved before 2016, please contact education.services@actuaries.org.uk. to request an application form. For students holding qualifications after 1st January 2016, details on how to apply are below. 

Who can apply for exemptions from other Actuarial Associations?

If you joined the IFoA as a Student member on or before the 31 July 2019, you may be eligible to apply online for exemptions from IFoA examinations for examination passes you achieve with other actuarial associations between January 1 2019 and December 31 2021.

Exams must be sat before 31st December 20201. We will accept exam passes if the results of the eligible exams are published in 2022. 

If you have examination passes with:

  • The China Association of Actuaries, or
  • The Casualty Actuary Society

Please contact our Education Services team, who will assist you with your application.

If you have examination passes with:

  • The Actuarial Society of South Africa (ASSA), or
  • The Actuaries Institute, Australia (AIA), or
  • The Institute of Actuaries India (IAI) - we do not accept exam exemption applications for examination passes from the IAI December 2018 exam session, or
  • The Society of Actuaries (SOA)

You can apply for IFoA examination exemptions using our online application tool.

If you joined the IFoA after the 31 July 2019 or if you joined before 31 July 2019 but resigned or lapsed your membership, you will not be able to apply for exemptions form IFoA examinations.

Transfer of Prior Learning

If you joined the IFoA between the 31 July 2019 and 29 January 2020 please contact Education Services to discuss Transfer of Prior Learning.

Before you apply

If you are not sure which IFoA examination exemptions your qualification makes you eligible to apply for, you can search for your qualification using our Find my exemptions search tool.

You can find the Find my Exemption search tool by logging in to the IFoA website and clicking on My Account. In the My Account area, select My Exams and then Exam Exemptions, where you will find the Find my Exemptions search tool.

If you know which IFoA examination exemptions you would like to apply for, you can apply for these exemptions using the Apply for Exemptions tool in the My Account area of our website.

As part of the online application process you will be asked to upload the following documents listed below:

  • A certified copy of official proof of the qualification which you sat and passed with another professional body (results letter not pass lists)

If your examination passes are from Actuarial Society of South Africa, you must include a certified copy of your exam history letter.

If your examination passes are from the Society of Actuaries (SOA), you will also need to upload certified copies of individual grade slips of each exam passed with SOA.

The person certifying the document must include the following details:

  • Full name in CAPITAL letters, position, address and telephone number of the company/firm/practice or employer
  • Actuarial Reference Number or membership number (if applicable)
  • The date the documentation has been witnessed
  • To be written on the documentation: ‘I certify this is a true copy of the original document as seen by me

Evidence of payment

If you are making payment by bank transfer, you will also be asked to upload evidence of payment of the total cost of your exemption fees.

You can find cost of applying for IFoA examination exemptions listed on our Exam fees and fees for other education services web page.

How to apply

  1. You can apply for IFoA examination exemptions using our Apply for Exemptions tool in the My account area of the IFoA website. Log in to the IFoA website and click on My Account. In the My Account area, select My Exams and then Apply for Exemptions.
  2. You will be asked to select the route which you are using to apply for your exemption (Route B). You will then be asked to select your Actuarial association and your qualification. This will take you to a list of exemptions that you are eligible to apply for.
  3. Once you have selected the exemptions you wish to apply for, you will be asked to make a payment. You can pay by card or by bank transfer. If you choose to pay by ban transfer you will be asked to upload evidence of the payment before you can submit you application.
  4. Once you have made you payment, you will be asked to upload the required documentation listed above (see Before you apply). Once you have uploaded the required documentation you will be asked to agree to the applicant’s declaration. When you have agreed to the applicant’s declaration you will be able to submit your application.

You will receive an email confirming that you application has been received and is being processed.

You can track the progress of your examination exemption application using the Track my Exemption tool in the Exam exemptions area in the My account area of the IFoA website.

You have until 31 December 2022 to claim your exemption with the IFoA. 
 

Apply for IFoA examination exemptions
 

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.

Filter or search events

Start date
E.g., 02/12/2020
End date
E.g., 02/12/2020

Events calendar

  • Spaces available

    The webinar will discuss the challenges and opportunities schemes face in evaluating end game options, choosing a target state and understanding the impact this strategic decision could have on member outcomes long after the “end state” is reached. Adolfo, Kevin and Rhian bring over 60 years of experience in the industry and a variety of perspectives as scheme actuary, covenant adviser, trustee, de-risking adviser and insurer.

  • Spaces available

    Retail banking is going through a period of substantial change as it moves into the digital age. Banks have large amounts of data about their customers and about their risks. Open data application programming interface (APIs) and data science are enabling banks to use their data to offer innovative and sometimes personalised services. Data science is also adding value in risk areas such as fraud detection and cyber security. At the same time, the move to online banking is making it easier for firms including fintechs to enter banking without having to establish branch networks.

  • UK Town Hall 08:30-09:30

    Webinar
    4 December 2020

    Spaces available

    IFoA President Tan Suee Chieh would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual UK Town Hall 2020, hosted by Tan Suee Chieh with IFoA’s Immediate Past President, John Taylor, President Elect, Louise Pryor and IFoA Chief Executive, Stephen Mann.  

  • UK Town Hall 10:00-11:00

    Webinar
    4 December 2020

    Spaces available

    IFoA President Tan Suee Chieh would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual UK Town Hall 2020, hosted by Tan Suee Chieh with IFoA’s Immediate Past President, John Taylor, President Elect, Louise Pryor and IFoA Chief Executive, Stephen Mann.  

  • Spaces available

    Cash-flow driven investing is a game-changer for DB pension funds navigating their end-game. Suitable for sponsors who want to reduce risks on their balance sheets. And for trustees, it shifts the focus to providing greater certainty of returns, managing funding level volatility and ensuring they have enough income to pay cash-flow requirements.

  • Spaces available

    Patrick Kennedy, Partner at Gateley Legal and Founding Director of Entrust (a leading professional pensions trustee company), will be delivering an update on the latest legal developments during the course of 2020. With both a pensions legal perspective and over 25 years of trustee service, Patrick will seek to highlight how the letter of the law has continued to evolve against the backdrop of a difficult and challenging year

  • Spaces available

    The talk will provide an understanding of the priorities and relationships between deficit reduction contributions, in the context of wider scheme funding, and different types of value outflow from the employer based on the working party’s recently published report. 

  • Spaces available

    Running off the £2 trillion of UK corporate sector defined benefit liabilities in an efficient and effective fashion is the biggest challenge facing the UK pensions industry. Trustees and sponsors overseeing those schemes need to be clear on their target end-state and the associated journey plan – but too few have well articulated and robust plans.

  • Spaces available

    The actuarial skill set has much to offer the banking industry. So many of the skills that actuaries acquire during their working life translate across to the world of banking and yet banking is perceived as an alien environment to many actuaries. But is it?

  • Spaces available

    Covid-19 has required an urgent and cross-practice initiative to facilitate the extensive impact this pandemic has across all industries. IFoA members have been keen to contribute in a different way, so we developed the IFoA Covid-19 Action Taskforce [ICAT] to coordinate our effort, with a more efficient governance.

    We have over 500 volunteers and countless topics which we have amalgamated into 93 workstreams.