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 applictaion 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?
For the September 2020 examinations you must be confirmed as a student member to sit 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.
Education 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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Delivered by the IFRS 17 Contractual Service Margin working party.
The Certified Actuarial Analyst (CAA) qualification has rapidly established itself as adding real value, to insurers and consultancies, and to the clients of consultancies, around the World. CAAs work alongside actuaries and actuarial students, as well as other financial services professionals, in an increasingly broad range of roles and fields.
This session is a repeat of the one earlier today at 09:30
Many individuals and institutions have a long-term focus, and invest funds for the benefit of future generations. Their strategy should reflect their long horizon. University endowments are one of the oldest classes of institutional investor, and I will present the first study of the management of these endowments over the very long term.
This year's GIRO has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the general insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's GI Online Learning Resource area.
This year's Life Conference has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the life insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's website.
This webinar will provide an update on the emerging thinking around future regulation of DB schemes:
The webinar will discuss the challenges and opportunities schemes face in evaluating end game options, choosing a target state and understanding the impact this strategic decision could have on member outcomes long after the “end state” is reached. Adolfo, Kevin and Rhian bring over 60 years of experience in the industry and a variety of perspectives as scheme actuary, covenant adviser, trustee, de-risking adviser and insurer.
Cash-flow driven investing is a game-changer for DB pension funds navigating their end-game. Suitable for sponsors who want to reduce risks on their balance sheets. And for trustees, it shifts the focus to providing greater certainty of returns, managing funding level volatility and ensuring they have enough income to pay cash-flow requirements.
Patrick Kennedy, Partner at Gateley Legal and Founding Director of Entrust (a leading professional pensions trustee company), will be delivering an update on the latest legal developments during the course of 2020. With both a pensions legal perspective and over 25 years of trustee service, Patrick will seek to highlight how the letter of the law has continued to evolve against the backdrop of a difficult and challenging year
The talk will provide an understanding of the priorities and relationships between deficit reduction contributions, in the context of wider scheme funding, and different types of value outflow from the employer based on the working party’s recently published report.