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UK Practice Modules

The UK Practice Modules (UKPM) are designed to test your knowledge of UK business practice, legislation, regulation and professional guidance notes

The Modules are available in each of the five Specialist Advanced subjects and we strongly recommend that every UK based student taking a Specialist Advanced paper takes the relevant UK Practice Module at the same time. You can find the Syllabus for the modules at the end of this page.

Subject
P1 - Health and Care P3 - General Insurance P7 - Investment and Finance
P2 - Life Insurance P4 - Pensions  

You need to pass one of these exams to practise in the UK in a reserved role, such as an actuarial function holder, with-profit actuary, reviewing actuary, scheme actuary or Lloyd's Syndicate actuary

To enter for a UK Practice Module exam please apply via the Members' area on the web site.

If you are unable to book via the Members' area or can only pay by BACS, please complete and return the application form.

In order to sit a UK Practice Module exam candidates are required to agree to, and be bound by the IFoA Assessment Regulations. 

You don't need to pass a Practice Module to qualify as a Fellow but we recommend that new qualifiers who have not passed one of these exams while doing their fellowship exams, sit the relevant practice module within 18 months of qualifying.

Each UK Practice Module exam consists of a 90 minute multiple choice exam in two parts, which must be taken under strict examination conditions

The two parts of the exams are:

  • A generic section (P0) covering the knowledge and understanding of UK business practice, legislation, and regulation. This section is common to all UK Practice Modules and cannot be taken separately.
  • A section specific to the subject specialism. The core reading for the relevant specialist applications exam will be suitable for revising for this section of the UK Practice Module exam.

 

When you apply for a UK Practice Module exam via your members are we will issue you, by email, all examination joining instructions within 24 hours.

 If you apply for a UK Practice Module exam via the manual application form, we will issue you, by email, all examination joining instructions within five working days.   

Examinations will be valid for a 90 day period. If you do not complete your UK Practice Module examination within this time you will need to re-apply and you will be charged the exam fee.

From 1 July 2019 we will be using the P0 2020 edition of core reading and the new 2020 Practice Module core reading which will be available from the ActED website

Syllabus for the UKPM (2019)       Subjects P0-P7. Syllabus for the 2019 exams                                                                             
Syllabus for the UKPM (2020)                   Subjects P0-P6. Syllabus for the 2020 exams

Related documents - The documents below will be replaced shortly with updated versions to reflect the changes to the platform

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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