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Revised requirements for Personal Professional Development

This year a revised set of work experience requirements will come into effect.

Personal Professional Development or PPD is the new online work experience recording system that you must complete annually until you qualify as an Associate or Fellow so that we, as your Professional body, can ensure your  work experience is up to date and relevant. PPD runs alongside the examinations you will be taking and is a requirement of student membership of the IFoA.

PPD submissions will be recorded online within the PPD Portal of the My Account section of the IFoA website.

Within PPD, there are over 30 different competencies that you can choose from when submitting your work experience. These 30 competencies are divided over the three categories of: Effective Communication, Decision Making and Problem Solving and Professionalism. The forth category is Formal Learning, where students need to log 2 hours of activity per year.

Who will the revised PPD effect?

PPD is a requirement of all students of the IFoA.

If you joined the IFoA on or after 1st September 2017 onwards, please continue to submit your PPD as usual. Your first annual deadline will be one year from the date of you joined.

All existing students need to have moved to PPD recording at their next anniversary joining date having completed your Work-Based Skills. This anniversary date will also be your annual PPD recording cycle.

For students who submit their Work-Based Skills Final Sign off documents before the 18th January 2019 qualifier deadline can continue to use Work-Based Skills.

For former Institute members or Faculty members, PPD will replace the Pre-2004 Work Experience Forms A and B, however students who submit their Final Sign off documents before 18st January 2019 qualifiers deadline can continue to use Form A or B if appropriate.

Key points to note

  • For Qualifiers in 2019 and September 2020, students are now required to have a mix of Work Experience documentation and PPD.
     
  • Each student will have their own PPD deadline, which normally is their IFoA joining date. This annual date is the deadline for students to submit their annual PPD records. Students must contact the IFoA to discuss their situation if they are unable to meet this requirement.
     
  • From September 2020 onwards, all students looking to qualify need to have the following PPD Requirements:
Qualification Level Minimum number of months of PPD expected Minimum number of credits required Minimum Credits Per Year Hours of Formal Learning activity  Per Year
Associate 12 Months 10 3 2
Fellow 36 Months 20 3 2

How can the IFoA assist you through the transition period?

We can assist you with your own individual requirements if required. In certain complex cases, we can assist in helping translate current work practice into the PPD system. Please contact Education.Services@actuaries.org.uk if you require assistance or to enquire about your current situation.

Further Information about PPD

Please visit the PPD webpages to find out further information about PPD, including:

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.

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Events calendar

  • Implications of 2019 IFRS 17 Exposure Draft

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    24 July 2019

    Fully booked.

    The International Accounting Standards Board (IASB) recently published an Exposure Draft (ED) of limited changes to its insurance contracts standard IFRS 17, effective date 2022.

  • Insurance Investment Roundtable with the IFoA & PRA - 25 July 2019

    EY Offices 1 More London Place London, SE1 2AF
    25 July 2019

    Fully booked.

    The IFoA hosts regular roundtable meetings with the PRA on best practice in insurance investment and the application of the Prudent Person Principle, which governs insurance investment under Solvency II.

  • SIAS Event: Climate Zero to Climate Hero

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    3 September 2019 - 4 September 2019

    Spaces available

    An introductory session to help you get ahead with climate change.

    • Science, terminology and initiatives: handy facts to keep in your back pocket 
    • Getting your point across: how to influence people and avoid common traps and pitfalls
    • Taking action: what are actuaries expected to do...and what are we actually doing?
  • KSS event – The Regulatory Perspective

    Deloitte Saltire Court 20 Castle Terrace Edinburgh EH1 2EG
    5 September 2019

    Spaces available

    This KSS talk, presented by the FCA Head of Department in Scotland, will focus on the following 3 main areas:

    • FCA business plan priorities
    • The future of regulation
    • FCA Engagement in Scotland
  • Sessional Research Event - Risk Margin Working Party

    Staple Inn Hall, High Holborn London, WC1V 7QJ
    9 September 2019

    Spaces available

    For life insurers in the UK, the risk margin is one of the most controversial aspects of the Solvency II regime. Following its implementation, the risk margin came under considerable criticism for being too large and too sensitive to interest rate movements. These criticisms are particularly valid for annuity business – such business is of great significance to the national system for retirement provision. This criticism has led to political interest, and the risk margin was a major element of the Treasury Committee inquiry into Solvency II.

  • GIRO Conference 2019

    EICC, The Exchange, 150 Morrison St, Edinburgh EH3 8EE
    24-26 September 2019
    Spaces available

    GIRO is attended annually by over 800 delegates and speakers who are keen to discuss key topics such as Pricing, Reserving, Modelling and the future of the insurance industry. GIRO 2018 was a huge success and we have opened bookings early for what we hope will be another brilliant conference at the EICC in Edinburgh this year. 

     

  • The Future of the Actuarial Profession

    Staple Inn Hall, High Holborn London WC1V 7QJ
    3 October 2019

    Fully booked.

     

    Three actuaries – and CEOs – discuss their views on how the business world is changing and what that might mean for actuaries in the future.

  • Spaces available

    Have you ever thought about working in wider fields? Would you like to play a role in the fight against climate change to make the planet better? 

    It can be difficult to do this - but seeing an example you can follow can make it more realistic. In this ‘green’ case study a template is outlined to show how actuaries can apply their skills more broadly - and in doing so, to make a difference.

  • Sessional Meeting - Autonomous Vehicles and impacts on the wider insurance industry

    Staple Inn, High Holborn, London WC1V 7QJ         
    28 October 2019

    Spaces available

    The Institute and Faculty of Actuaries is running a sessional meeting on autonomous vehicles on 28th October.  The session will showcase the work of the IFoA “Autonomous Vehicles” working party alongside a number of expert external presenters. 

  • Life Conference 2019

    The Convention Centre Dublin, Spencer Dock, North Wall Quay, Dublin 1
    20-22 November 2019
    Spaces available

    The Life Conference is the premier event for professionals interested in life insurance.  Offering a wide range of workshops and plenary sessions it’s the perfect opportunity to discover what’s hot and current in life insurance ensuring you get up to date on the latest thinking and innovation whilst meeting and exchanging ideas with a broad range of professionals.

  • Autumn Lecture 2019, London - Rt Hon Nicky Morgan MP

    Lincoln's Inn The Treasury Office, London WC2A 3TL
    2 December 2019

    Fully booked.

    The IFoA is pleased to announce that this year’s Autumn Lecture will feature the Rt Hon Nicky Morgan MP as its guest speaker.  Nicky has previously served as Financial Secretary to the Treasury and Minister for Women. She now chairs the Treasury Select Committee whose remit is to examine the expenditure, administration and policy of HM Treasury, along with all of its agencies and associated bodies.

  • Autumn Lecture 2019: Live Streaming

    Webinar 
    2 December 2019

    Spaces available

    Watch the live stream of this year's Autumn Lecture with guest speaker Rt Hon Nicky Morgan MP.