You can find a summary of professional body qualifications and IFoA examination exemptions that you may be eligible to apply for at the bottom of this page.
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 or If you have passed exams with the CFA before 31st December 2018 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.
If you are using a qualification that was awarded after 1st January 2019, you can apply for an exemption as long as the awarding date of your qualification is not greater than 5 years from the date you are applying.
Before you apply
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
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
- 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.
- You will be asked to select the route which you are using to apply for your exemption (Route C). You will then be asked to select your Professional body and your qualification. This will take you to a list of exemptions that you are eligible to apply for.
- 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.
- 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.
If you completed your professional qualification with a body where the IFoA has an exemption agreement, before 31 December 2018 have until 2023 to claim those exemptions.
Apply for IFoA examination 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 | CB1 and CB2 |
Level I, II and III | CT1, CT2, CT3, CT7 and CT8 | CB1 and CB2 |
CFA Chartered Holder/ Fellow | CT1, CT2, CT3, CT7, CT8 and ST0 | CB1, CB2 and SP0 |
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 |
Institute of Chartered Accountants of Scotland Chartered Accountant (CA) | CT2 and ST0 | CB1 and SP0 |
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General information and practical advice that will be useful in your studies.
Contact Details
Member Services Team
memberservices@actuaries.org.uk
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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Events calendar
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Climate Solvency The Actuaries Carbon Collaboration: Applying Actuarial Concepts to Carbon Emissions
6 July 2022The Actuaries’ Carbon Collaboration (ACC) is a group of actuaries and other professionals working towards a coherent understanding of the issues around greenhouse gas (GHG) emissions by considering them in an actuarial context.
Emissions into and absorption from the atmosphere can be modelled in the same way that we model variable cash flows, including the impacts of uncertain quantities and timing. The ACC’s work investigates both the insights that this analogy provides and its limitations.
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Sessional Meeting: Data and Modelling Considerations for mental health in life insurance
11 July 2022This talk presents the work of the Data and Modelling workstream of the IFoA Mental Health Working Party. We explore data and modelling considerations in the risk assessment and underwriting of mental health conditions. We will also consider how newer risk factors and improved data availability might open up opportunities for additional underwriting and product designs.
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Pensions Dashboards
12 July 2022As the industry prepares for Pensions Dashboards, we have lined up a specialist panel who is at the heart of the ongoing work in this area. Hear the latest developments, future proposals and have the opportunity to put forward your questions to our speakers.
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Crisis Management and Boards
18 July 2022Crisis management, the process by which an organization deals with a disruptive, sudden and unexpected event that threatens to harm the organization or its stakeholders, has become a key concern in the light of the Pandemic and Geopolitical risks.
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Applying AI – From Concept to Practice
19 July 2022Artificial Intelligence is heralded as a game-changer to the ways industries use data, with the insurance industry especially looking to embrace these new technologies. This brings many questions – not least around data privacy, ethics, potential biases and so on – with regulators increasingly interested in developments.
Moreover, whilst the stunning progress of specific technologies such as Watson and Alphazero made headlines some years ago, current commercial applications of AI remain far from mature.
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This webinar will cover:
• Some background on the risks of misselling in an ESG context, including the DWS case
• Achieving positive impact is a strong antidote to the risks of greenwashing or ESG misselling, however this risks having a tension with fiduciary responsibilities
• This tension can be resolved with a concept called Universal Ownership
• Under Universal ownership, investors have an appetite to make a loss in order to achieve positive impact, and yet still have no compromise on their fiduciary responsibilities
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This session will focus on the transformation roadmap of the healthcare sector in KSA and the role of actuarial capabilities in enhancing its evolution to the desired end stage as per the objectives of the Vision 2030. The discussion will focus how the system has evolved so far and shed light on the expected future changes. Through examining the transformation, we will highlight how the sector is and can use actuarial expertise to not only assist with this transformation but also use basic actuarial principles to identify the key risks and their respective mitigation strategies.
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Sessional Meeting: Covid-19 and the Effectiveness of ERM Frameworks
Online15 August 2022The purpose of this research paper is to explore enterprise risk management lessons which can be learnt from the Covid-19 pandemic in preparation for potential future pandemics as well as other “gray rhino” or “black swan” events. This paper is not intended to be an all-encompassing solution to the issues presented by Covid-19; rather, the content has been provided to help drive discussions regarding how risk management processes may need to evolve in line with the dynamic nature of the underlying risks that they sometimes need to capture.
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The IFoA's Infrastructure Working Party, led by Chris Lewin, will present its new introductory guide to infrastructure investment, which will be published on the IFoA web-site prior to the webinar. Those readers whose institutions have already taken the plunge into infrastructure will know that it is a highly complex and diverse field of activity. This guide does not explore all the matters which investors take into account, but it does discuss many of the more important points, including the risks and past returns, benchmarking, and ESG and SDG considerations. Attendees will be invi
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Health – Our Greatest Asset
2 November 2022Health contributes to happiness at the personal, family, community and societal level. Health, importantly underpins all our economic security. This talk will explore the drivers of our health, the measurement of health and the steps we can take to improve health – most of which lie outside the NHS.