Preparing for IFoA exams
You can find a list of IFoA examination subjects on our Curriculum web pages, including:
- Examination Syllabus
- Exam format
- Recommended study hours
- Core reading lists
You can buy the IFoA Core Reading at our E-Shop. ActEd (BPP) provide face-to-face tuition and distance learning materials for the IFoA examinations. More information is available at on the ActED website.
To help you prepare for your examination, we have published advice on preparing for your examination in our Exam Preparation Guide.
You can find Past Papers and Examiners reports on our Studying web pages. We recommend candidates review past papers and practice their exam technique by completing a past paper and comparing your answers to the examiners reports.
Sitting IFoA exams
You can find all the information you need to prepare for sitting an IFoA exam in our Examinations Handbook, including:
- Minimum technical requirements for equipment for candidates sitting IFoA online exams
- IFoA online exam formats
- Guidance on completing your exams in Microsoft Office and R
- Formulae, symbols and mathematical notation, including Standard Keyboard Notation keystrokes in Word to use in place of the mathematical formulae and symbols
- Guidance on sitting an open book exam
- Essential preparation before you sit your exam
- Exam joining instructions and when you will receive them
- Exam test instructions, including step by step instructions on how to create and verify your details on the IFoA online exam platform and how to complete online exam platform equipment checks
You should also familiarise yourself with the IFoA Assessment Regulations, which set out candidate obligations and regulatory requirements before you book or sit an IFoA examination.
Booking IFoA exams
Exam booking dates, examination dates and exam results release dates are available on out Exam dates webpage.
You can find information on:
- How to book and pay for IFoA exams
- How to change or cancel your exam booking
- Refunds for a cancelled exam booking, and
- Our Exam booking guide
on our Exam booking web page.
You can find out how to book, pay for, change and cancel Online Professionalism Courses (PSC) Stage 1 and Stage 2 and the Chartered Enterprise Risk Actuary (CERA) exams, along with information on refunds for cancelled you booking on our PSC and CREA booking web page.
All our exam fees, PSC and CREA course fees and PPD final sign off, as well as fees for exam appeals, counselling and exemptions are listed on our Exam and other fees web page.
Information about access arrangements (reasonable adjustments made to exam conditions), whether you are eligible and how to apply can be found on our Access arrangements web page.
- 22 February 2021
- 28 January 2021
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The Power of Pensions: how can pensions change the future?
IFoA 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.
IFoA 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.
COVID-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.
As 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.
Climate 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.
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.
This 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.
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)
What 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
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.