Application criteria and process
Are there any qualification criteria I need to meet to apply for Student membership of the IFoA?
No. Following consultation with IFoA members, as of the 12 March 2020, educational entry criteria for Student membership of the IFoA have been removed. You no longer need to provide comprehensive school, university and post-graduate qualification details and supporting documents.
Do I need to pass CM1 or CS1 exams as a non-member before applying for Student membership of the IFoA?
No. You no longer need to pass either CM1 or CS1 exams as a non-member before applying for Student membership of the IFoA,
Will I receive confirmation that my application is received?
Once you complete and submit your online application you will be taken to a web page which confirms that your application has been successfully submitted.
How long will my application take to process?
Depending on volumes received Admission applications can take up to 3 weeks to be processed. You will be notified by email from firstname.lastname@example.org once your application has been accepted.
Exams entry and admission
Deadlines for submitting applications
We accept admission applications throughout the year. However in order to guarantee that your application will be completed in good time for the exam sessions, please submit your application well in advance of our published deadline dates. Deadline dates can be found on our Making your exam booking web page.
Can I book an exam before my Student membership has been confirmed?
You must be confirmed as a student member to book any of our exams.
How much are Student membership subscription fees?
Your membership subscription fee will depend on your personal annual income. You can find information on our Subscription information web page.
How do I obtain reduced rate fees?
You will be able to apply for reduced rate membership subscription fees by completing th Reduced rate section of the online form. Income thresholds for reduced rate subscription fees are listed on our Subscription information web page.
Do I need to pay an entrance fee?
Yes. In addition to paying your membership subscription fee, you will also need to pay an entrance fee of £135.00.
How do I pay for my admission application?
We accept payments for admission applications by credit or debit card, AMEX, PayPal, cheque and BACS (bank transfer).
Once your application is successfully submitted, if your chosen method of payment is credit or debit card, AMEX or PayPal you will be sent an email with a link and instructions on how to make payment. This can take up to 3 weeks from when you submit your application. Once you have made payment via the link in the payment email you will received an email confirming your membership within 24 hours.
If your chosen payment method is via bank transfer or cheque you will receive an email confirming your membership with the IFoA up to 3 weeks from when payment is received.
If your application is not accompanied by a remittance advice or a follow up cheque towards the payment we will assume that you wish to pay online and the relevant instructions and link will be emailed to you.
How long do I have to pay the admission application invoice online?
For card payments, once you receive the payment link your payment is due immediately. However after 30 days audits will be run and if our payment has not been received, your application may be removed. Please note you will not become a full student member or be able to book any exams until this invoice is paid.
Member Services Team
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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