What is PPD?
Personal and Professional Development is the documentation record of your work experience that all learners studying to become an Associate or Fellow need to complete alongside their examinations.
What do I need to do?
All learner members need to complete PPD in order to gain their qualification. You can find full details about this requirement in our PPD Guide, but in summary you will need to do the following:
Who needs to complete PPD?
From 2018 onwards all students currently with the IFoA are required to submit their PPD on an annual basis. As the minimum number of credits required per year for PPD is so low, only 3 credits per year, we would hope that this is not too demanding and can still be obtained whilst studying for exams as not to delay qualification.
Students must inform the IFoA if they need to record a break in their PPD, for example for Parental leave, a career break or change in life or career circumstances. The IFoA will only allow a certain number of years to be recorded as a break before any previous experience logged with us to the written off. Please contact Education Services to discuss your particular situation.
Objectives and Competencies
There are three core workplace areas where you will need to demonstrate the standards the IFoA expects to become a qualified Actuary. These are:
- Effective communication.
- Problem solving and decision making.
Each competency has a value of 1 or 2 credits.
To qualify as an Associate you will need to attain 10 credits in total with a minimum of 3 credits per year. To qualify as a Fellow you will need to complete 20 credits with a minimum of 3 per year. For Associate and Fellow there are certain mandatory competences across the 3 objectives mandatory for learners to complete.
How long will it take?
- you will need to record a minimum of 12 months of work experience. You are still expected to record logs annually until your qualification.
- you will need to record a minimum of 36 months of work experience. You are still expected to record logs annually until your qualification.
Completing your online logs
Within your learner portal you will be able select your PPD records.
Firstly choose the objective followed by the competency; there is a maximum of 250 characters to describe the activity giving specific examples. Log the date and the learning outcome which shows evidence of the knowledge obtained. You may also record the number of learning hours.
The IFoA will undertake an audit of all the recorded PPD activity to ensure quality and standards are being upheld. Your record maybe selected as part of the audit; please make sure you keep all supporting evidence in the event this is requested.
We strongly advise that you discuss the activities you record with your line manager or supervisor. As part of the audit process the IFoA may contact them for confirmation the PPD record you provided is accurate and correct.
You have a right to appeal against a rejection decision if you believe that you have met the minimum requirements for successful completion of your PPD. You must submit your appeal within 50 days of receipt of final outcome.
The IFoA will be publishing the compliance aspects for example, non-compliance, late reporting or failure to submit, for PPD in January 2018.
The introduction of PPD mean that we will no longer be accrediting employers. The employers concerned have been informed and we are working through the transition with them. All new employees of accredited employers from September 2017 will have to complete PPD.
- 29 September 2017
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.