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Exam Q&As for non members

Non-members will be able to choose to take either the CM1 or CS1 exam. Read our 2020 exam dates and questions and answers (Q&As) for more information:

2020 exam dates

See our latest exam dates

Questions and answers (Q&As)

Registering and booking for the CM1 or CS1 exam

When can I register for the CM1 or CS1 exam?

The exam registration for September 2019 exams opens on Monday 27 January 2020 and the closing date is:

  • Friday 21 February 2020 (17.00 UK time) for all exam centres.

Where can I register for the CM1 or CS1 exam?

If you have not previously registered, you can complete the Non-members exam registration form (only available during the exam entry period).

How long after registering will I be able to book the exam?

Once you have completed the registration form online, providing that all information is entered correctly, you will receive your ARN (Actuarial Reference Number) within 24 hours, along with information on how to activate your online account. Once these steps have been completed you will be able to book your exam.

How many times can I register?

Our system will only accept one registration (the first one entered). Subsequent registrations after this will be void as duplicates. If you have made a mistake with your registration please call Education Services on +44 1865 268207 to see if this can be corrected.

Do I need to register if I already have an ARN?

If you have registered before and have an existing ARN you do not need to register again. You can simply login to your online account to book the exam.

I have not received my ARN 24 hours after registering

If you do not receive your confirmation email and you believe you have registered correctly, please contact us on +44 1865 268207. The IFoA is closed during weekends, therefore registrations made over this time will be confirmed on the following Monday.

How do I book the CM1 or CS1 exam?

Once you have your ARN and have activated your online account you can login to book and pay for your exam there (card and PayPal payments only). Once logged in go to My Account – My exams – Book an exam. A confirmation email will be sent to you once the exam is booked.

Can late bookings, applications and payments be accepted after the deadline?

All bookings, applications and payments must be received before the exam registration closing date. The IFoA cannot accept any late entries to the exam and if your application and payment/booking is not made by this time, you will not be able to sit in the exam session at that time.

 

Exam cost and payment

How much are the exams?

The cost of the CM1/CS1 exams for non-members is £320.00* full rate and £180.00* reduced rate. This is just the cost of the exam; no study materials are supplied. *Prices can be subject to change.

How can I apply for a reduced rate exam?

When you complete the online registration there will be a box to tick to indicate that your personal annual income is below £7230.00. This must be ticked correctly for you to receive a reduced rate exam fee.

How can I pay by bank transfer or cheque?

During the registration window the exam application forms for offline payments will be available for you to complete. You must send us the application form with the payment included. For BACS payments the BACS remittance/proof of payment must be sent with the application. You will receive a confirmation email once the exam is booked.

Exam permits

When will I get my exam permit?

Exam permits can be found in your online account one week before the start of the exams. You must login to your account to download your exam permit to take to the exam. Your exam permit will cover both parts A & B of the examination.

Exam centres

Where can I find a list of the exam centres?

The exam centres in use for the exam session will be published on the exam centres page and we attempt to keep this up-to-date during the exam registration window.

What if my chosen exam centre is not available to book?

Exam centres can fill very quickly and exam centres will have a capacity limit for the exam sitting. We encourage you to book your exam as early as possible after the exam registration opening. Should your first choice exam centre not be available, you should make another selection.

Can I change my exam centre once it has been booked?

If you wish to change your exam centre and the centre you wish to change to has available capacity, you can switch your exam centre by calling Education Services on +44 1865 268207. You will only be able to make any changes to exam centres during the exam registration opening window. After this there will be no amendments.

 

Exam study and preparation

How should I plan my exam study?

Read our Exam preparation information on tuition, past exam papers, the exam syllabus and lots more.

Where can I purchase study materials?

You can purchase the exam core reading from the IFoA eShop and also the ActEd (the Actuarial Education Company).

Is there anything I should do in preparation for my exam?

Please read our on your exam day information.

 

Exam changes and updates

How will I find out if there are any changes or updates to my exam?

Please ensure you frequently check our Exam news and updates page.

In addition to this, the IFoA will use Twitter to post up-to-date exam information and any updates required.

You can find and follow us on @ActuaryStudents

 

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

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Events calendar

  • IFoA Joint Member Event with the Sunshine Insurance Group, Beijing China

    Room TBC, Kuntai International Plaza, No.12, Chaowai Street, Chaoyang District, Beijing 地址:会议室待定,北京市朝阳区朝外大街乙12号1号楼昆泰国际大厦
    12 December 2019

    Spaces available

    The IFoA’s President-elect Tan Suee Chieh will visit Beijing. We will co-host CPD and Awards Presenting event with the Sunshine Insurance Group on Thursday 12 December 2019. The event is part of Mr Tan’s first presidential trip to China.

  • ARC Sessional Research Event: Drivers of Mortality - Risk Factors and Inequality

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    6 January 2020

    Spaces available

    The authors will focus on a large dataset obtained from the UK’s Office for National Statistics (ONS) and related sources. Data are available at the level of Lower Super Output Areas (LSOAs) – small geographical areas with, typically, 1000-2000 residents and include death counts, exposures and a significant number of socio-economic variables including the index of multiple deprivation (IMD).

  • SIAS Event: My Journey to Data Science, Big Data and AI

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    7 January 2020

    Spaces available

    Patrick Lee is an actuary who has made the transition to working in software architecture and artificial intelligence (AI). He holds Microsoft Professional qualifications in Data Science, Big Data and AI and is currently working towards a DevOps (the automation of software testing and deployment) qualification. He is a member of the IFoA Council and is also President of the Wessex Actuarial Society. He is also a member of the IFoA and the RSS's joint Data Science Focus Group and will talk on the ethical use of AI. 

  • Spaces available

    This IFoA event for NEDs explores what skills and experience are required to undertake non-executive roles, e.g. as independent NEDs on fund boards or members of IGCs. The event will be chaired by Brandon Horwitz, an actuary who is a consultant and who has held various investment governance roles and who specialises in investment governance as well as being an iNED.

  • Spaces available

    This presentation covers the detail for how the matching adjustment is calculated. A small simple example spreadsheet is provided and discussed in detail.

    For actuaries wanting to get more involved with the matching adjustment, this is the opportunity to get a detailed description of the mechanics involved. This includes cashflows derisking, PRA tests as well as hypothecation.

    The presentation is provided by James Sharpe who has worked on a number of matching adjustment calculations with several firms.

  • IFoA Volunteer Recognition Reception

    Staple Inn, 4 High Holborn, Holborn, London WC1V 6DR, UK
    15 January 2020

    Spaces available

    As a thank you to all our Institute and Faculty of Actuaries (IFoA) volunteers, you are invited to join us at Staple Inn Hall, for an evening of drinks, canapes and networking, in London.

    IFoA President, John Taylor, will be attending and will make a speech

    If you support the IFoA as a volunteer (member or non-member), or in any other role, and you are going to be in London on 15 January, please book your place and join us at this reception.

     

  • Sessional Meeting - Operational Risk Dependencies

    Royal College of Physicians of Edinburgh 9 Queen St Edinburgh EH2 1JQ
    20 January 2020

    Spaces available

    The Operational Risk Working Party aims to assist actuaries and others in the modelling and management of operational risk. One of the key challenges in modelling operational risk is the modelling of dependencies between operational risks, and between operational and non-operational risks such as market, credit and insurance risk. Their paper seeks to assist in this regard, and help develop good practice in setting assumptions and modelling operational risk dependencies. 

  • KSS event in Glasgow: Public Sector Pensions

    Hymans Robertson, Glasgow 20 Waterloo St, Glasgow
    30 January 2020

    Spaces available

    – the unappreciated key assumption, the resulting unsustainable promises, the unmanaged risk and the unrecognised debt? 

    Speaker: Allan Martin will present this talk on 30 January in Glasgow, Stirling and Edinburgh. If you wish to register for another location please return to the Events Calendar.

  • KSS event in Stirling: Public Sector Pensions

    M&G Prudential, Stirling Craigforth Campus, Stirling
    30 January 2020

    Spaces available

    – the unappreciated key assumption, the resulting unsustainable promises, the unmanaged risk and the unrecognised debt? 

    Speaker: Allan Martin will present this talk on 30 January in Glasgow, Stirling and Edinburgh. If you wish to register for another location please return to the Events Calendar.

  • KSS event in Edinburgh: Public Sector Pensions

    Hymans Robertson 1, Exchange Place, Semple St, Edinburgh
    30 January 2020

    Spaces available

    – the unappreciated key assumption, the resulting unsustainable promises, the unmanaged risk and the unrecognised debt? 

    Speaker: Allan Martin will present this talk on 30 January in Glasgow, Stirling and Edinburgh. If you wish to register for another location please return to the Events Calendar.

  • The Great Risk Transfer – Breakfast briefing and launch event

    Staple Inn Hall, High Holborn London WC1V 7QJ
    31 January 2020

    Spaces available

    Launch of the IFoA’s 2020 thought leadership campaign The Great Risk Transfer. The campaign will examine the trend of the transfer of risk from institutions to individuals, and how people can be better equipped to manage the financial risks they now face. At this breakfast event the IFoA will launch a call for evidence on this topic.

  • Professional Skills Training - London (11 February 2020)

    Staple Inn, High Holborn, London WC1V 7QJ         
    11 February 2020

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • Sessional: Impact of E-cigarettes Working Party

    Royal College of Physicians, 9 Queen St, Edinburgh EH2 1JQ
    24 February 2020

    Spaces available

    This sessional meeting will be of direct interest to actuaries and others working in the in the Health and Care, Life or Pensions sectors or indeed actuaries with an interest in morbidity or mortality. Note: Registration is from 17.30 in time for the sessional to begin at 18.00.

  • Professional Skills Training - Edinburgh (25 February 2020)

    IFoA (Edinburgh), Level 2, Exchange Crescent 7 Conference Square Edinburgh EH3 8RA
    25 February 2020

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • Spring Lecture 2020, Edinburgh - Vicky Pryce

    Assembly Rooms, 54 George St, Edinburgh EH2 2LR
    25 March 2020

    Spaces available

    What next in Economic Policy?

    Please join us on 25 March 2020 for our annual Spring Lecture presented by Vicky Pryce in Edinburgh. 

  • IFoA Asia Conference 2020, Kuala Lumpur

    CCEC Nexus, 7, Jalan Kerinchi, Bangsar South, 59200 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
    24-25 June 2020
    Spaces available

    The sixth annual Asia Conference once again offers a prestigious line-up of home and international speakers discussing the insurance and financial industry’s innovation and change in Asia. This year's conference in Kuala Lumpur will be hosted by Tan Suee Chieh, IFoA’s first Asian President. He will also make his Presidential address at this conference and will expand on the important elements of IFoA’s new strategy. 

    Additionally, this landmark conference will showcase how the IFoA is reinventing itself to support its members to succeed and thrive in a digital age, within traditional businesses and beyond, as a global organisation. 

    Not to be missed by international industry players, opinion formers, academic and industry leaders, actuaries and non-actuaries.