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UK Practice Modules

The UK Practice Modules (UKPM) are designed to test your knowledge of UK business practice, legislation, regulation and professional guidance notes

The Modules are available in each of the five Specialist Advanced subjects and we strongly recommend that every UK based student taking a Specialist Advanced paper takes the relevant UK Practice Module at the same time. You can find the Syllabus for the modules at the end of this page.

Subject
P1 - Health and Care P3 - General Insurance P7 - Investment and Finance
P2 - Life Insurance P4 - Pensions  

You need to pass one of these exams to practise in the UK in a reserved role, such as an actuarial function holder, with-profit actuary, reviewing actuary, scheme actuary or Lloyd's Syndicate actuary

To enter for a UK Practice Module exam please apply via the Members' area on the website.

If you are unable to book via the Members' area, or can only pay by BACS, please complete and return the application form.

In order to sit a UK Practice Module exam candidates are required to agree to, and be bound by, the IFoA Assessment Regulations. 

You don't need to pass a Practice Module to qualify as a Fellow, but we recommend that new qualifiers who have not passed one of these exams while doing their fellowship exams sit the relevant practice module within 18 months of qualifying.

Each UK Practice Module exam consists of a 90 minute multiple choice exam in two parts, which must be taken under strict examination conditions.

The two parts of the exams are:

  • A generic section (P0) covering the knowledge and understanding of UK business practice, legislation, and regulation. This section is common to all UK Practice Modules and cannot be taken separately.
  • A section specific to the subject specialism. The core reading for the relevant specialist applications exam will be suitable for revising for this section of the UK Practice Module exam.

The pass mark for the UK Practice Module exams is 74%.

When you apply for a UK Practice Module exam you will be able to access this on the IFoA's Virtual Learning Environment (VLE) within five working days.

Examinations will be valid for a 90 day period. If you do not complete your UK Practice Module examination within this time you will need to re-apply and you will be charged the exam fee.

From 1 July 2019 we will be using the P0 2020 edition of core reading and the new 2020 Practice Module core reading which will be available from the ActED website

Syllabus for the UKPM (2019)       Subjects P0-P7. Syllabus for the 2019 exams                                                                             
Syllabus for the UKPM (2020)                   Subjects P0-P6. Syllabus for the 2020 exams

Related documents - The documents below will be replaced shortly with updated versions to reflect the changes to the platform

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

+44 1865 268207

We aim to respond to all enquiries within two working days.

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Events calendar

  • The Growth Mindset for Actuaries

    13 October 2021 - 8 December 2021

    Spaces available

    This practical course is aimed at actuaries at any stage of their career who want to develop their own growth mindset and apply it to their work setting and personal or professional lifelong learning. The content of the course builds on the lecture given by Dr Helen Wright on Growth Mindset as part of the President’s 2021 Lecture series, and will be delivered over a period of 2 months, from mid-October to early December.

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    In this webinar, we will discuss how cause-of-death data from the Office for National Statistics can help us to understand how inequalities arise at the all-cause level. The key to understanding mortality inequality is to think about the chain that connects risk factors, relative risks, and cause-of-death mortality through to all-cause mortality.

  • Spaces available

    The importance of biodiversity for finance, business and policy is being increasingly recognised. While many studies highlight the overall economic impact that biodiversity loss could have, it is much more difficult to quantify and understand the particular impact that is may have on individual businesses or communities. The management and measurement of these risks is a field where actuaries are well placed to contribute.

  • Spaces available

    The climate crisis and the degradation of our planet will affect societies everywhere. How we address these threats will require solutions that transcend borders. As a global profession, the actuarial community is well-placed to consider and propose effective risk management solutions to help manage the climate crisis.

  • GIRO 2021 Webinar Series

    Online
    8 November 2021 - 19 November 2021
    Spaces available

    Join leading experts to discuss key issues, emerging ideas and new research across the general insurance sector.

  • Spaces available

    Content will be aimed at all actuaries looking to understand the issues surrounding mental health in insurance and in particular those looking to ensure products and processes widen access for, and are most useful to, those experiencing periods of poor mental health.