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.
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
- Full time further education
- Long term sick leave
If you need an exemption in your PPD you should contact Education 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.
Education Services Team
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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This year's GIRO has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the general insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's GI Online Learning Resource area.
This year's Life Conference has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the life insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's website.
This webinar will provide an update on the emerging thinking around future regulation of DB schemes:
The webinar will discuss the challenges and opportunities schemes face in evaluating end game options, choosing a target state and understanding the impact this strategic decision could have on member outcomes long after the “end state” is reached. Adolfo, Kevin and Rhian bring over 60 years of experience in the industry and a variety of perspectives as scheme actuary, covenant adviser, trustee, de-risking adviser and insurer.
Retail banking is going through a period of substantial change as it moves into the digital age. Banks have large amounts of data about their customers and about their risks. Open data application programming interface (APIs) and data science are enabling banks to use their data to offer innovative and sometimes personalised services. Data science is also adding value in risk areas such as fraud detection and cyber security. At the same time, the move to online banking is making it easier for firms including fintechs to enter banking without having to establish branch networks.
Cash-flow driven investing is a game-changer for DB pension funds navigating their end-game. Suitable for sponsors who want to reduce risks on their balance sheets. And for trustees, it shifts the focus to providing greater certainty of returns, managing funding level volatility and ensuring they have enough income to pay cash-flow requirements.
Patrick Kennedy, Partner at Gateley Legal and Founding Director of Entrust (a leading professional pensions trustee company), will be delivering an update on the latest legal developments during the course of 2020. With both a pensions legal perspective and over 25 years of trustee service, Patrick will seek to highlight how the letter of the law has continued to evolve against the backdrop of a difficult and challenging year
The talk will provide an understanding of the priorities and relationships between deficit reduction contributions, in the context of wider scheme funding, and different types of value outflow from the employer based on the working party’s recently published report.
Covid-19 has required an urgent and cross-practice initiative to facilitate the extensive impact this pandemic has across all industries. IFoA members have been keen to contribute in a different way, so we developed the IFoA Covid-19 Action Taskforce [ICAT] to coordinate our effort, with a more efficient governance.
We have over 500 volunteers and countless topics which we have amalgamated into 93 workstreams.