CT1 is one of the nine Core Technical (CT) subjects. Students need to pass or obtain exemptions from all of the CT subjects. Visit Exam exemptions for more information about how to apply for exemptions from the professional exams.
There are two opportunities each year to sit this exam: in April, and in September/October
For the April exam sitting, bookings will open in January/February each year; for the September/October exam sitting, bookings will open in July. Exam bookings are open for a limited period for each exam, and you must make your application by the appropriate closing date. You will need to pay the exam fee when you apply for the exam.
2018 examinations for non-members
With the introduction of our new Curriculum 2019, we have made changes to the exam options available to our non-members. Previously a non-member could only apply for the CT1 exam. However as we approach the new Curriculum 2019 examinations and we only had two exam sittings left of the current curriculum, we have offered our non-members the following options:
- For the April 2018 exams, non-members were able to apply for either CT1 (Financial Mathematics) or CT3 (Probability and Mathematical Statistics). This gave non-members the option to complete the CT1 exam if they had been studying towards this; or to take CT3 which if passed will gain a CS1 in 2019.
- For the September 2018 exams, non-members were only able to apply for CT3. This is because CT1 and CT5 are merging under the new curriculum and passes in both will be required to gain the CM1 exam in 2019.
The Actuarial Education Company (ActEd), provides study material and tuition for this subject, as do a number of courses listed on our University courses with exemptions page
The exams will be based on the syllabus as supported by the core reading. The ActEd course material will be the main source of tuition as it expands on the core reading. However, if you need clarification on some points, or want to read further, then you may find it useful to consult the texts suggested on the Resources page to get a different viewpoint.
The recommended study time for this exam is between 125 and 150 hours depending on your past educational background in the subject.
To gain exemptions through a university course, it is necessary to successfully complete the full degree or diploma and to gain sufficiently high marks to qualify for subject exemptions
Check our list of University courses with exemptions.
Related documents
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Instructions for candidates sitting an exam
28 August 2018 -
Assessment Regulations - Fellowship and Associateship
10 January 2019 -
Fees for the exams and other education services
27 June 2018 -
Application form for access arrangements for the IFoA exams
21 December 2018
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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.
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Events calendar
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Professional Skills Training - Edinburgh (22 Jan 19)
IFoA (Edinburgh), Level 2, Exchange Crescent 7 Conference Square Edinburgh EH3 8RA22 January 2019
A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2018/2019. This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.
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China New Year Member Event and Thank-you Party for Volunteers (Beijing & Shanghai & Shenzhen）
Beijing Chinese address: 北京瑞吉酒店 记者俱乐部酒吧，朝阳区建国门外大街21号 English address: Press Club Bar, St Regis Hotel Beijing, No. 21 Jianguomenwai Street, Chaoyang District, Beijing Shanghai Chinese address:布朗石西班牙餐厅酒吧(96广场店)，东方路796号九六广场1楼130单元 English address: Brownstone Tapas & Lounge (96 Plaza), 96 Plaza, F1, Room 130, No. 796 Dongfang Road Shenzhen Chinese address: 稻亭日本料理(购物公园店), 深圳市民田路购物公园北2楼206号 English address: Daoting Japanese Cuisine (Shopping Park), Room 206, No. 2 North Building, Shopping Park, Mintian Road, Shenzhen22 January 2019 - 25 January 2019The IFoA Beijing Office would like to invite our members in the region to join the New Year Member Event and Thank-you Party for Volunteers, to thank all our members and volunteers, to congratulate all the new qualifiers in the 2018 September exam session, and to celebrate the New Year and the Spring Festival! Food and drinks will be served. The IFoA CEO Mr Derek Cribb will also join the Beijing and Shanghai events.
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KSS Event: How to be a High-Frequency Trader
KPMG Saltire Court 20 Castle Terrace Edinburgh EH1 2EG24 January 2019This talk, which is based on interviews with 78 high-frequency traders (and other relevant people, such as those who supply them with information links), will ‘open the black box’ of HFT. The speaker will examine the main internal divide within HFT: between algorithms, trading groups and firms that specialise in ‘making’ (adding bids or offers to order books that cannot be executed immediately) and those that specialise in ‘taking’ (entering orders that can be executed immediately).
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NOCA event – Valuation of Equity Release Mortgages
N/A25 January 2019Presented By: Dean Buckner, The Eumaeus Project
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Professional Skills Training event - Jointly organised by the IFoA and the Society of Actuaries of Thailand (SOAT)
Ocean Life Insurance PCL, Meeting room 1, 24th Floor, 170/74-83 Ocean Tower 1 Building, Rachadapisek Road, Klongtoey, Bangkok 10110, Thailand We would like to thank Ocean Life Insurance PLC for sponsoring the venue30 January 2019Jointly organised by the IFoA and SOAT, this session held in Bangkok is suitable for actuaries working in any area (i.e. it is not specifically aimed at Life, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.
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Professional Skills Training - Edinburgh (13 Feb 19)
IFoA (Edinburgh), Level 2, Exchange Crescent 7 Conference Square Edinburgh EH3 8RA13 February 2019 -
Sessional Meeting: Managing Uncertainty: Principles for Improved Decision Making
Staple Inn Hall, High Holborn, London, WC1V 7PP18 February 2019 -
ARC Event on Periodical Payment Orders
Staple Inn, High Holborn, London WC1V 7QJ20 February 2019The IFoA’s Actuarial Research Centre (ARC) is convening a research event on the subject of Periodical Payment Orders (PPOs) in late February 2019.
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IFRS17 Workshop, 21 February
Staple Inn Hall, High Holborn, London, WC1V 7QJ21 February 2019
The Life Board and Life Lifelong Learning Sub-committee are running this half-day workshop on IFRS 17.They will provide a detailed understanding of the key concepts of the standard, as well as discuss how implementation will impact people, process and systems. They will also share views on how the new standard will change the way insurers are viewed in the market, and share perspectives from within and outside of the profession.
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NoCA UK Teleconference–A Risk Management perspective on Artificial Intelligence and FinTech
N/A22 February 2019This teleconference will be presented by Isaac Alfon
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Sessional Event: Antibiotic Resistance Working Party
Royal College of Physicians of Edinburgh, 9 Queen Street, Edinburgh, EH2 1JQ25 February 2019The IFoA Antibiotic Resistance Working Party has studied the rise of Antibiotic resistance (‘ABR’) and how it has become an increasing concern to the medical professions, health services and governments of the world’s major economies.
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Professional Skills Training - London (26 February 19)
Staple Inn Hall, High Holborn London WC1V 7QJ26 February 2019 -
ARC: ERM Results Launch Event
Staple inn Hall, High Holborn, London, WC1V 7QJ28 February 2019 -
Highlights of the Life Conference 2018 - London
Ect Venues, 200 Aldersgate, St. Pauls, London EC1A 4HD5 March 2019This event will cover the highlights from the Life Conference 2018 held in Liverpool. The Conference Committee are reviewing session feedback and will be putting together a high quality technical programme featuring the best sessions from the Life Conference 2018. Book now to ensure your place.
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Life and F&I One Day Workshop
Staple Inn Hall, High Holborn, London, WC1V 7QJ11 March 2019This is a cross practice life and F&I event offering high quality CPD in a series of presentations with time for Q&A after each, suitable for Life actuaries and those in finance and investments roles. -
Spring Lecture 2019, Edinburgh - Sir John Curtice
Royal College of Physicians, 9 Queen St, Edinburgh EH2 1JQ13 March 2019Please register here for the waitlist.
If you would like to live-stream this event, you can register here. -
Spring Lecture 2019, Live stream at Staple Inn - Sir John Curtice
Staple Inn, High Holborn, London, WC1V 7QJ13 March 2019The live stream viewing at staple Inn is now full. Please register for the waitlist if you wish to attend in person.
To live stream the lecture from a location of your choice, please register here.
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Sessional Meeting: Investment risk for long term investors - risk measurement approaches
Staple Inn Hall, High Holborn, London, WC1V 7QJ18 March 2019The term ‘investment risk’ is often used loosely, and frequently confused with the notion of short term price volatility, particularly for equity instruments. For the long term investor, however, what is most apposite is the ability to meet future real cash flows as they become due.
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Highlights of the Life Conference 2018 - Edinburgh
Apex Grassmarket Hotel, 31-35 Grassmarket, Edinburgh EH1 2HS19 March 2019This event will cover the highlights from the Life Conference 2018 held in Liverpool. The Conference Committee are reviewing session feedback and will be putting together a high quality technical programme featuring the best sessions from the Life Conference 2018. Book now to ensure your place.
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Professional Skills Training - London (19 March 19)
Staple Inn Hall, High Holborn London WC1V 7QJ19 March 2019
A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2018/2019. This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.
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KSS event - FinTech and The Actuarial Profession
Barnett Waddingham 163 West George Street, Glasgow, G2 2JJ20 March 2019This KSS talk from FinTech Scotland's CEO will explore the mission to create an integrated Fintech ecosystem through provision of funding, support, infrastructure and talent that recognises and responds to the needs of all stakeholders - and the overarching aim for Scotland to be one of the top 5 Fintech global leaders by 2020.
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Professional Skills Training - Edinburgh (26 March 19)
IFoA (Edinburgh), Level 2, Exchange Crescent 7 Conference Square Edinburgh EH3 8RA26 March 2019A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2018/2019. This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.
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NOCA event – To Omega and beyond: the evolution of longevity
N/A29 March 2019Presented by Stuart McDonald
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Sessional Meeting: Improving understanding and transparency around the assessment of the inflation s
Staple Inn Hall, High Holborn, London, WC1V 7QJ15 April 2019This event will provide an overview of the main models used to calculate the inflation risk of LPI-linked liabilities, and their key properties.
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Professional Skills Training - London (16 April 19)
Staple Inn Hall, High Holborn London WC1V 7QJ16 April 2019A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2018/2019. This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.
Video case studies will be selected from the IFoA’s 20187/19 online content which covers a range of topics under an overarching theme of “Getting it right!”
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TIGI 2019 (Technical Issues in General Insurance)
Royal College of Physicians, 11 St Andrews Place, Regent's Park, London, NW1 4LE25-26 April 2019Further details will become available in due course.
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NOCA event – Technological Developments and the Future of Insurance
N/A25 April 2019Presented by Yossi Sirote
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Professional Skills Training - Edinburgh (30 April 19)
IFoA (Edinburgh), Level 2, Exchange Crescent 7 Conference Square Edinburgh EH3 8RA30 April 2019A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2018/2019. This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.
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IFoA Asia Conference 2019, Chengdu
Crowne Plaza Chengdu Panda Garden, Poly Park 198, No. 1980 ShuLong Avenue,Xindu District, Chengdu9 May 2019 - 10 May 2019SAVE THE DATE
The annual IFoA Asia conference is scheduled for 09 - 10 May 2019 in Chengdu, China.
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CILA 2019
30 Euston Square, London NW1 2FB14 May 2019CILA is one of the pre-eminent events in the annual Life calendar. This event is one of the most popular in the Life area, often drawing over 200 delegates.
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Professional Skills Training - Edinburgh (15 May 19)
IFoA (Edinburgh), Level 2, Exchange Crescent 7 Conference Square Edinburgh EH3 8RA15 May 2019 -
Professional Skills Training - London (16 May 19)
Staple Inn Hall, High Holborn London WC1V 7QJ16 May 2019A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2018/2019. This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.
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Sessional Research Event - Saving for Retirement: Rules of Thumb
Staple Inn Hall, High Holborn London WC1V 7QJ20 May 2019How much does the average person need to save over a full working life to provide a decent retirement income? We call this the Lifetime Pension Contribution (LPC) and have attempted to quantify it. Discussing whether we have got it right is a valuable debate, touching on the anticipated level of retirement benefits, the required fund at retirement to achieve those benefits and how our conclusions fit with automatic enrolment. It is also closely related to the PLSA’s development of Retirement Income Targets.
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NoCA event – Optimising Copula Structures for Risk Management
N/A24 May 2019Presented by Richard Schneider
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Professional Skills Training - London (12 June 19)
Staple Inn Hall, High Holborn London WC1V 7QJ12 June 2019A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2018/2019. This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.
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Current Issues in General Insurance (CIGI) 2019
Inmarsat, 99 City Road, London, EC1Y 1BJ19 June 2019CIGI will provide an excellent and diverse line-up of speakers, each providing their insight and knowledge on a range of topics. The programme will be broad in nature, so will be of most value to those with some experience in the industry.
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Professional Skills Training - Edinburgh (20 June 19)
IFoA (Edinburgh), Level 2, Exchange Crescent 7 Conference Square Edinburgh EH3 8RA20 June 2019 -
Sessional: Why the Pensions Dashboard is more than a data collection exercise
Royal College of Physicians, 9 Queen St, Edinburgh EH2 1JQ24 June 2019The pensions dashboard has been talked about across the industry for a long time and now nears implementation with DWP’s consultation ending in January 2019.
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Professional Skills Training - London (25 June 19)
Staple Inn Hall, High Holborn London WC1V 7QJ25 June 2019A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2018/2019. This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.