When can I book?
Each year there are two opportunities to sit our examinations: in April and September/October. You can find the full timetable of IFoA exams on our Exam dates web page.
You can sit our online exams at any convenient location, however, you will need to book within the exam entry period. Exam entry dates for upcoming examinations are listed on our Exam dates web page.
New joiners
If you are joining the IFoA as a Student member and intend to sit your examination in our September 2021 exam sitting, you will need to submit your Student membership application before 18 June 2021.
Before you book your exam
Please make sure you read our Examinations Handbook before you book your exam.
All examinations are run in UK time with start times varying between 08.00 and 10.00. You will be advised of your personal start time by email two weeks before the examination date.
CS and CM Exams
Both elements A and B of the CS1, CS2, CM1 and CM2 examinations need to be sat during the same examination sitting.
Non-members wishing to sit the IFoA CS and CM examinations can find information about this on our Non-member web page.
How to book your exam
Once exam entry opens, you can book IFoA exams by logging in the My Account are of the IFoA website and following the steps set out in our Exam Booking Guide.
CB3 Exam
The CB3 examination entries are managed differently. You can log in to the My Account area of the IFoA website at any time to see available examination dates and to book your exam (once you have completed PSC Stage 1 - formerly OPAT).
Payment for examination entries
You will need to make a credit card, debit card or PayPal payment for each examination that you book through the My Account area of the IFoA website.
If you would like to pay by bank transfer you will need to download and complete an Exam Entry form. You will need to email your completed form, along with confirmation of the completed bank transfer, to our Education Services Team.
If you are eligible to pay reduced examination fees, please make sure that you have successfully applied for reduced rate membership subscription fees as part of your IFoA membership application or renewal before you book any IFoA examinations.
If you have not successfully applied for reduced rate membership subscriptions fees, you will automatically be charged the full examination fees when you book an IFoA exam.
Booking confirmation
You will receive email confirmation of your booking, once it has been processed. You will also be able to view your exam bookings in the Review my exam bookings area in the My Account area of the IFoA website.
You will receive your joining instructions two weeks before your examination date.
Changing your examination booking
If you wish to make changes to your examination booking we may be able to do this for you, however we cannot guarantee to make a change that you request. Any changes to your booking must be made before the examination entry closing date.
While the exam booking window is open, you can request a change to your online exam booking, including changes to your booked start time (subject to availability), by contacting our Education Services Team.
Please note that there are may be charges for making changes to your examination booking.
Once the exam booking window is closed we are unable to make any changes to your booking.
Refund of examination fees
We are only able to offer refunds to candidates who have paid the full examination fee. Unfortunately, we are unable to offer refunds to candidates who have paid the reduced fee.
Complete and return the Refund application form (only available during the exam entry period).
Cancelling your online exam booking
If you would like to cancel your online exam booking, please contact our Education Services Team.
Cancelling your exam on or before the exam entry closing date | A refund of 50% of the exam fee will be given |
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Cancelling your exam after the exam entry closing date | No refunds will be given |
Changing or cancelling your CB3 exam booking
To change your CB3 examination booking, you will need to cancel and then rebook you examination for a new date.
Please note a charge for changing or cancelling your CB3 exam booking will apply.
Download the CB3 Refund application form
Cancelling your online exam four weeks or more before your exam date | A refund of 50% of the exam fee will be given |
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Cancelling your online exam less than four weeks before your exam date | No refund will be given |
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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
We aim to respond to all enquiries within two working days.
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Events calendar
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The Power of Pensions: how can pensions change the future?
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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 Middle East, North Africa and Pakistan (MENAP) Town Hall 2021, hosted by John Taylor and IFoA Chief Executive, Stephen Mann.
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Supporting Mental Health in a Virtual Workplace
Virtual webinar3 March 2021COVID-19 has seen a marked increase in mental health issues. We all have mental health and poor mental health has serious consequences for individuals and our workplaces, with it costing UK businesses £33-42 billion annually.
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ARC Webinar Series 2021 - Use of Primary Health Care Records Data in Actuarial Research
Webinar9 March 2021As part of the ARC Webinar Series 2021, this webinar will review the work of the UEA/Aviva research team over the last four years on a major research programme funded by the IFoA’s Actuarial Research Centre.
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Implications of Climate Change for Life Insurer's Risk Modelling and Strategic Asset Allocation
12 March 2021Climate change poses a significant threat across many regions and sectors, and businesses. Insurers and asset managers, must play a role in ensuring transparency around climate related risks and opportunities.
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Whilst insurers have been performing stress and scenario testing for many years, in the last 12 months the PRA has increased its focus on the ability to identify, measure and increase financial and operational resilience.
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The price is righter
16 March 2021This webinar provides an overview of the state of the UK protection market, and how different insurers are using different levels of sophistication to price (such as using customer demand models). It considers how insurers have implemented these sophisticated pricing techniques, and the practical challenges they have faced.
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This discussion will revolve around the latest industry developments including and introduction to Part VII transfers and Schemes of Arrangement (process, parties involved and recent events), insights and lessons from recent with-profits transactions and restructurings (including Equitable Life and Pru-Rothesay), how firms can apply these learnings to future arrangements, and the outlook for future with-profits transactions and restructurings (including the impacts of Covid-19 and Brexit)
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The role of stewardship in creating long term value
25 March 2021What is stewardship and how has the landscape changed under the 2020 UK Stewardship Code?
- How does effective stewardship create long term value for beneficiaries?
- What roles do asset owners and asset managers play in active stewardship?
- A practical approach to stewardship reporting
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Income drawdown products offer an investment strategy to generate an income in retirement. However, for those needing to decumulate their capital to provide a sufficient income in retirement, sequencing risk is high. This is the risk that poor returns are experienced when capital is highest (in the first part of the decumulation phase) and good returns when capital is lowest (in the last part). It is very difficult to recover from this risk, if it is realised. This means that income drawdown products are not very resilient for those needing to decumulate their capital.