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Monitoring your PPD

Audits

To ensure the standard and accuracy of student’s records, the IFoA conducts regular audits of PPD that have been submitted. You will be eligible to be selected for an audit at any point during your student journey and may be subject to multiple reviews during this time. You should keep evidence or proof of how you met the competencies until you have been confirmed as a Fellow or Associate. You should also keep the details of your supervisor so they may be contacted to verify your submissions.  

If your records are deemed not to be of an appropriate standard or if you have failed to record the minimum number of credits and formal learning hours, you may lose a years’ worth of work experience and this may not be counted towards your qualification. Once your PPD deadline has passed, you cannot add to or amend your record of work experience for the previous year.

All students will receive a final review of their PPD records at the point of qualification.


PPD Exemptions

There may be a reason why you cannot complete your annual PPD requirements, you should contact the IFoA as soon as possible to discuss your situation.

Reasons may include:

  • Parental Leave
  • Career Break
  • Unemployment
  • Full time further education
  • Long term sick leave

If you need an exemption in your PPD you should contact Member Services before your annual deadline date to record this. You can only record up to one year at a time so you may need to contact us on multiple occasions even if the circumstances are the same.

If you are an Associate and do not intend on progressing to the Fellowship qualification, you should contact us to opt-out of PPD indefinitely, however you will be unable to book onto examinations. Any Associate that wishes to book onto an exam must record a minimum of 12 months of PPD before they are able to opt-out again.

If you have been exempt from PPD for more than three consecutive years you will need to complete PPD for a minimum of one additional year before you can qualify. The longer you have been exempt the more additional years you will need to record. This ensures the work you have completed is current and relevant to actuarial practice.


COVID Update

We understand that some students may be continuing to find it difficult to complete PPD if they are working from home or are not able to work/study due to effects from Covid 19. If you are struggling with completing your PPD and would like to record an exemption (break) in your PPD records please get in touch with Member Services. More information on PPD exemptions is available on the 'Monitoring your PPD' webpage.

Please note: Students or Associates wishing to qualify as Fellow will need to ensure they have a minimum of 36 months’ work experience recorded, this does not include exemptions or breaks in your PPD record.

Contact Details

Member Services Team

memberservices@actuaries.org.uk

Institute and Faculty of Actuaries, 1st Floor, Park Central, 40/41 Park End Street, Oxford, OX1 1JD

+44 1865 268207

We aim to respond to all enquiries within two working days.

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Events calendar

  • The Growth Mindset for Actuaries

    13 October 2021 - 8 December 2021

    Fully booked.

    This practical course is aimed at actuaries at any stage of their career who want to develop their own growth mindset and apply it to their work setting and personal or professional lifelong learning. The content of the course builds on the lecture given by Dr Helen Wright on Growth Mindset as part of the President’s 2021 Lecture series, and will be delivered over a period of 2 months, from mid-October to early December.

  • Spaces available

    The role of actuaries within the health sector varies considerably from one country to another, due to differences in the local evolution of health systems and the funding models for health services. 

  • Spaces available

    This paper outlines key frameworks for reserving validation and techniques employed. Many companies lack an embedded reserve validation framework and validation is viewed as piecemeal and unstructured.  The paper outlines a case study demonstrating how successful machine learning techniques will become and then goes on to discuss implications.  The paper explores common validation approaches and their role in enhancing governance and confidence.

  • Spaces available

    Content will be aimed at all actuaries looking to understand the issues surrounding mental health in insurance and in particular those looking to ensure products and processes widen access for, and are most useful to, those experiencing periods of poor mental health.
     

  • Spaces available

    The IFoA Policy Briefing 'Can we help consumers avoid running out of money in retirement' examined the benefits of blending a lifetime annuity with income drawdown. Panellists, including providers and advisers, will look at the market practicalities of taking the actuarial theory through into the core advice propositions used by IFAs and Fund Managers. They will share a number of practical issues such as investment consequences before and after retirement and the level of annuity that is appropriate and answer questions from the audience.

  • Speech from the Governor of the Bank of England, Andrew Bailey

    Lincoln's Inn The Treasury Office, London WC2A 3TL
    1 December 2021

    The IFoA is pleased to be hosting the Governor of the Bank of England, Andrew Bailey, to deliver a speech on delivering policyholder protection in insurance regulation.

    The speech will be presented to an in-person audience, and simultaneously live-streamed, at 14.00 on Wednesday 1st December.

  • The Many Faces of Bias

    2 December 2021

    Spaces available

    This webinar looks at the many types of biases, both conscious and unconscious and the impacts they can have in the workplace.  Raising our own awareness and understanding of the issues can help us avoid the pitfalls of unconscious bias in particular.  We’ve all heard the phrase ‘office banter’ but are we sure that’s how those on the receiving end perceive it and is it ok to go along with it?

  • Spaces available

    Actuaries need to take action now - but how?  With a focus on climate change, this session will provide informed insight to enable you to improve your knowledge and understanding of the issues involved, demonstrate how it will impact advice to your clients, and highlight prospective opportunities for actuaries within pensions and wider fields.

  • Spaces available

    Pension scams have become more prevalent as a result of the pandemic, and Trustees have increased responsibilities to protect members, which means that actuaries need to be in a position to provide advice in this area. Our specialist panel will include a professional trustee, an IFA and head administrator, two of whom are members of PASA.

  • Spaces available

    The covid-19 pandemic creates a challenge for actuaries analysing experience data that includes mortality shocks.  To address this we present a methodology for modelling portfolio mortality data that offers local flexibility in the time dimension.  The approach permits the identification of seasonal variation, mortality shocks and late-reported deaths.  The methodology also allows actuaries to measure portfolio-specific mortality improvements.  Results are given for a mature annuity portfolio in the UK

  • Spaces available

    In this webinar, the authors of the 2021 Brian Hey prize winning paper present a new deep learning model called the LocalGLMnet. While deep learning models lead to very competitive regression models, often outperforming classical statistical models such as generalized linear models, the disadvantage is that deep learning solutions are difficult to interpret and explain, and variable selection is not easily possible.

  • Spaces available

    The dominant underwriting approach is a mix between rule-based engines and traditional underwriting. Applications are first assessed by automated rule-based engines which typically are capable of processing only simple applications. The remaining applications are reviewed by underwriters or referred to the reinsurers. This research aims to construct predictive machine learning models for complicated applications that cannot be processed by rule-based engines.

  • Spaces available

    With the Pension Schemes Act 2021 requiring a long term strategy from Trustees and sponsors, choosing a pensions endgame strategy has become even more critical. However, it is important that the endgame options available are adequately assessed before choosing one. With an ever-increasing array of creative and innovative options available, this decision may not be straightforward.