To become an Associate member you need to complete the following:
- Core Principles subjects (CS1-2, CM1-2 and CB1-3) either by examination or exemption
- Core Practices subjects (CP1, CP2 and CP3) either by examination or exemption
- Personal and Professional Development (PPD)
- Professional Skills Course
To qualify as a Fellow you need to complete the following:
- Core Principles subjects (CS1-2, CM1-2 and CB1-3) either by examination or exemption
- Core Practices subjects (CP1, CP2 and CP3) either by examination or exemption
- Two Specialist Principles (SP0, SP1, SP2, SP4, SP5, SP6, SP7, SP8 and SP9) subjects either by examination or exemption
- One Specialist Advanced (SA0, SA1, SA2, SA3, SA4 and SA7) subject by examination or dissertation
- Personal and Professional Development (PPD)
- Professional Skills Course (if you have not yet taken this course you must do so within 12 months of becoming a Fellow)
Further information on modules, including the syllabus and specimen papers, can be found under Curriculum 2019
Changes to the Qualification Structure
On 2 January 2019, the IFoA delivered its new curriculum, with the first examinations being sat in April 2019. This was the culmination of an extensive consultation with a wide group of stakeholders.
Alongside these curriculum changes the IFoA made some changes to the qualification structure which we want to alert you to. These are as follows:
- Associateship qualification All students joining the IFoA from 2 January 2019 are required to qualify as an Associate before progressing to Fellowship. They will do this after completing or gaining exemptions from the Core Principles and Core Practice subjects and a minimum of 2 years of PPD.
- The pathway to Fellowship All students joining from 2 January 2019 are still able to take the IFoA examinations in any order, but if they complete the examinations required to become a Fellow prior to becoming an Associate, they are still required to complete a further year of PPD before becoming a Fellow.
- Who is affected Existing students who joined the IFoA before 2 January 2019 may not be affected by these IFoA changes.
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
We aim to respond to all enquiries within two working days.
Filter or search events
Events calendar
-
ARC Webinar Series 2021 - Use of Primary Health Care Records Data in Actuarial Research
Webinar9 March 2021
As part of the ARC Webinar Series 2021, this webinar will review the work of the UEA/Aviva research team over the last four years on a major research programme funded by the IFoA’s Actuarial Research Centre. -
Implications of Climate Change for Life Insurer's Risk Modelling and Strategic Asset Allocation
12 March 2021
Climate change poses a significant threat across many regions and sectors, and businesses. Insurers and asset managers, must play a role in ensuring transparency around climate related risks and opportunities. -
Whilst insurers have been performing stress and scenario testing for many years, in the last 12 months the PRA has increased its focus on the ability to identify, measure and increase financial and operational resilience.
-
Finance in the Public Interest Series
16 March 2021 - 23 March 2021
There is widening debate that many of our social, financial and regulatory institutions need to be rethought so that we can create more sustainable futures, particularly in light of the Covid-19 pandemic, the policy/macro-economic response to the pandemic and how it affects consumers, as well as the impending climate crisis. This multi-day series of three keynote webinars, individually presented by leading economist John Kay, Sir Paul Collier, Professor of Economics and Public Policy at the Blavatnik School of Government, Ashok Gupta, Chair at Mercer Ltd, and Nico Aspinall, Chief Investment Officer at B&CE, will open up discussion on these essential topics. The series will culminate in a panel session with Chief Economist of the Bank of England, Andy Haldane.
-
The price is righter
16 March 2021This webinar provides an overview of the state of the UK protection market, and how different insurers are using different levels of sophistication to price (such as using customer demand models). It considers how insurers have implemented these sophisticated pricing techniques, and the practical challenges they have faced. -
This discussion will revolve around the latest industry developments including and introduction to Part VII transfers and Schemes of Arrangement (process, parties involved and recent events), insights and lessons from recent with-profits transactions and restructurings (including Equitable Life and Pru-Rothesay), how firms can apply these learnings to future arrangements, and the outlook for future with-profits transactions and restructurings (including the impacts of Covid-19 and Brexit)
-
The role of stewardship in creating long term value
25 March 2021
What is stewardship and how has the landscape changed under the 2020 UK Stewardship Code? How does effective stewardship create long term value for beneficiaries and what roles do asset owners and asset managers play in active stewardship. This webinar will offer answers to these questions in a practical approach to stewardship reporting. -
Dr Catherine Donnelly will present the basics of the structures for pooling longevity risks and summarise recent research results in this area in addition to outlinging future research around this topic. This is work under a research programme funded by the IFoA's Actuarial Research Centre, called 'Minimizing longevity and investment risk while optimising future pension plans'.
-
Mis-estimation risk is a key element of demographic risk, and past work has focused on mis-estimation risk on a run-off basis. However, this does not meet the requirements of regulatory regimes like Solvency II, which demands that capital requirements are set through the prism of a finite horizon like one year. This paper presents a value-at-risk approach to mis-estimation risk suitable for Solvency II work.
As part of the ARC Webinar Series 2021, this webinar will review the work of the UEA/Aviva research team over the last four years on a major research programme funded by the IFoA’s Actuarial Research Centre.
Climate change poses a significant threat across many regions and sectors, and businesses. Insurers and asset managers, must play a role in ensuring transparency around climate related risks and opportunities.
What is stewardship and how has the landscape changed under the 2020 UK Stewardship Code? How does effective stewardship create long term value for beneficiaries and what roles do asset owners and asset managers play in active stewardship. This webinar will offer answers to these questions in a practical approach to stewardship reporting.