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Transition from Work-based skills (WBS) to Personal and Professional Development (PPD) in September 2017

The transition from one work experience scheme to another is not intended to extend the time to qualify. The principles provided below are intended as a guide to all individuals affected by the introduction of PPD. If you are uncertain as to your particular circumstances then the IFoA will be happy to discuss individual cases to ensure a smooth transition. If you joined the Institute and Faculty of Actuaries (IFoA) between 1 July 2004 and 31 August 2017 and wish to qualify as a Fellow before September 2020, the following PPD transition principles will apply to you:

Transition principles for qualifying before 18 January 2019:

  • If you wish to qualify before 18 January 2019, you can complete the current WBS requirements (Associate 12 months; Fellow 36 months). No PPD recording will be required.
  • Once you’ve submitted your WBS before the deadline, the standard procedure to transfer to the status of Associate or Fellow will apply.
  • If you do not qualify in 2018, or by 18 January 2019, you need to have moved on to PPD by 1 September 2018.

For example:

Joining dates Your qualifying exam session Qualifying qualification WBS requirement PPD requirement Last date WBS submission required (PPD from this point)
May 2014 September 2017 Fellow 36 months 0 months 18 January 2019

If you are unable to submit your completed WBS documentation and become a qualifier in 2018, you will be required to follow the transition principles set out below.

Transition principles 1 September 2018 onwards: 

Transition from WBS to PPD for Fellows

  • If you wish to qualify as a Fellow after 18 January 2019, you will be required to submit a combination of both WBS and PPD documentation to complete the minimum of 36 months experience overall.
  • The tables and examples below will demonstrate the transition from WBS to PPD in the two year period between September 2018 and September 2020 for qualification as a Fellow.

September 2017 exam diet onwards

Month when the work experience is submitted for Fellowship qualification Number of months of WBS expected Number of months of PPD expected Minimum total number of months required
September 2017 - August 2018* 36 months 0 months 36 months
September 2018 - August 2019 24 months 12 months 36 months
September 2019 - August 2020 12 months 24 months 36 months
September 2020 0 months 36 months 36 months

*Individuals who wish to be on the 2018 qualifiers list can submit Work-Based Skills only until 18th January 2019. PPD will not apply. You can submit your final year as a PPD year if you wish.

Work experience submitted (Associate)

If you joined the Institute and Faculty of Actuaries (IFoA) between 1 July 2004 and 31 August 2017 and wish to qualify as an Associate your work based skills documentation will be accepted until 31 January 2019. After this date a minimum of 12 months PPD will be required.

Month when the work experience is submitted for Associate qualification Number of months of WBS expected Number of months of PPD expected Minimum total number of months required
September 2017 - January 2019 12 months 0 months 12 months
February 2019 - September 2019 0 months 12 months 12 months

Pre-2004 Joiners

If you joined the Institute of Actuaries prior to 1 July 2004 and were required to complete the 3 years work experience then the following principles apply to you.

Transition principles if you wish to qualify before 1 February 2019:

  • If you wish to quality as a Fellow before 1 February 2019 after passing your final exams you can complete the current work experience requirements (Fellow 3 years). No PPD recording will be required and your completed work experience documentation must be received by 31 January 2019.
  • Once you've submitted your work experience,  the standard procedure to transfer to the status of Associate or Fellow will apply.
  • If you are unable to submit your completed work experience documentation by 31 January 2019, you will be required to follow the transition principles set out below.

Transition principles from 1 February onwards:

  • If you wish to qualify as a Fellow on or after 1 February 2019 you will be required to submit a combination of both work experience and PPD documentation to complete the minimum requirement of 36 months experience overall. The tables below will demonstrate the transition from work experience to PPD in the period between February 2019 and September 2020 for qualification as a Fellow.

Work experience submitted (Institute joiner prior to 1 July 2004)

Month when the work experience is submitted for Fellowship qualification Number of months of work experience expected Number of months of PPD expected Minimum total number of months required
September 2017 - January 2019 36 months 0 months 36 months
February 2019 - August 2019 24 months 12 months 36 months
September 2019 - August 2020 12 months 24 months 36 months
September 2020 0 months 36 months 36 months

Work experience submitted (Associate) (Institute joiner prior to 1 July 2004)

Month when the work experience is submitted for Associate qualification Number of months of work experience expected Number of months of PPD expected Minimum total number of months required
September 2017 - January 2019 12 months 0 months 12 months
February 2019 - September 2019 0 months 12 months 12 months

If you joined the Faculty of Actuaries prior to 1 July 2004 and had no work experience requirements then you will be required to start completing PPD from the month you joined the Faculty. For example if you joined the Faculty of Actuaries in July 1999 then you would start to complete the PPD requirements from July 2018 and carry on completing experience in PPD until you are ready to become either an Associate or Fellow.

Transitional Requirements for Work-Based Skills and PPD

PPD Years Needed Credits Mandatory Areas Formal Learning Hours
1 7 4* 2
2 14 4 2
3 20+ 4 2

* If you are submitting only 1-year of PPD alongside Work-Based Skills and are struggling to meet the requirements of the mandatory areas, please contact Education Services to discuss your situation.

WBS Years Needed Dimension Areas Questions Formal Learning Hours
1 4 10 total
2 8 20 total
3 12 30 total

 

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

  • IFoA & PRI Webinar: TCFD – leaders and challenges

    Online webinar
    2 September 2019

    Spaces available

    In collaboration with the Institute and Faculty of Actuaries, the Principles of Responsible Investment is delighted to host this webinar discussing the response to the TCFD’s recommendations two years on from their publication. The webinar will feature new analysis of the 591 investors representing $45 trillion who responded to PRI’s 2019 climate indicators, insights from the past Chair of the IFoA’s Resource and Environment Board as well as an investor case study of implementation in practice from Aviva. 

  • SIAS Event: Climate Zero to Climate Hero

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    3 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
  • Professional Skills Training session (Jointly held with China Life)

    China Life Insurance, Beijing •  China Life Shanghai Office • China Life Shenzhen Office  
    6 September 2019

    Spaces available

    Friday, 6 September, Beijing Local Time (CST) 14.00-16.30; British Summer Time (BST) 07.00-9.30

    The IFoA Beijing Office and China Life are pleased to be co-hosting a Professional Skills Training (PST) session in Beijing, Shanghai and Shenzhen on Friday, 6 September. Wen Li (FIA), the IFoA Lead Representative in China and East Asia, will lead the PST presentation and discussion on ‘Getting it right!’.

    The main venue will be in Beijing. Members in Shanghai and Shenzhen can join the interaction with Beijing via video conference at China Life’s regional venues. (see full details below)

  • 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. 

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  • Chief Actuaries and Senior Life Actuaries Workshop 2019

    Staple Inn Hall High Holborn London WC1V 7QJ
    2 October 2019

    Spaces available

    This workshop, now in its sixth year, is aimed at senior actuaries working in life insurance - predominantly Chief Actuaries, but also Reviewing Actuaries and others working in risk and financial reporting. It will provide seven hours of relevant CPD.

  • 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.

  • RSS/IFoA Data Science Ethics: the role of practitioners

    Royal Statistical Society, 12 Errol St, London EC1Y 8LX
    7 October 2019

    Spaces available

    The Institute and Faculty of Actuaries and the Royal Statistical Society have worked together to develop joint ethics guidance on data science. This is the culmination of an 18 month programme of practitioner led work. 
     
    Join us for the launch of this new guidance, with a high-level panel discussion which will explore the role of data science practitioners and professional bodies in data ethics. 

  • 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. 

  • ARC Event: Beyond Proportional Hazards

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

    Spaces available

    ARC Event: Beyond Proportional Hazards: Statistical methods for assessment of the impact of medical advances and health interventions on longevity and population projections.

    This workshop is being delivered by the Actuarial Research Centre’s (ARC) ‘Big Health and Actuarial Data’ Research Programme.

  • Hot Topics in Health and Care: Networking and Drinks

    Staple Inn, 4 High Holborn, London WC1V 6DR
    4 November 2019

    Spaces available

    This evening will feature two new cases studies that highlight the implications for insurers of issues impacting on health and mortality for life, pensions, and health and care products; Impactability modelling: a worked example in Type II diabetes presented by Josephine Robertson, and Seasonal Mortality in England and Wales 1993-2016 presented by Mary Hall, Dublin City University.

  • Autumn Pension Seminar

    Grand Connaught Rooms, 61-65 Great Queen St, Holborn, London WC2B 5DA
    13 November 2019

    Spaces available

    Join us for this brand new seminar that brings together our Current Issues in Pensions, Pensions and the Law, and Investment for Pension Actuaries events. The seminar builds on the IFoA’s Annual Pension Conference with sessions covering CDC, TPR’s code of practice, investments, legal updates and Professional Skills Training with a focus on interactive discussion throughout.

    • KSS event: How is Scotland’s population changing and what are the implications?

      Barnett Waddingham, 163 West George Street, Glasgow, G2 2JJ
      14 November 2019

      Spaces available

      The National Records of Scotland (NRS) collects, preserves and produces information about Scotland's people and history to inform current and future generations - work that underpins the fabric of Scottish society and tells the story of our nation. This KSS talk will explore the following and other areas impacting Scotland’s changing population, and assess the potential implications of the changes:

      • population statistics
      • life expectancy
      • changes in age structure
      • birth and death rates, including causes of death statistics.
    • 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. 

    • Behavioural Finance Research Launch- 14 January 2020

      Staple Inn, 4 High Holborn, Holborn, London WC1V 6DR
      14 January 2020

      Spaces available

      We are delighted to announce the launch of the findings from our ARC funded Behavioural Finance research with a special evening event at Staple Inn on Tuesday14th January 2020. Entitled Behavioural Aspects of Institutional Investment Decision-Making, this research programme is being delivered by City, University of London, Leeds University Business School and Ipsos.