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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A Trusted Profession
This free 1 hour CPD webinar is designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020 and 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.
Modelling the structure and trends of cancer morbidity risk is important for pricing and reserving in related health insurance fields such as critical illness insurance and care provision. We model the dynamics of cancer incidence over time in different regions in England, using 1981-2016 ONS data. The modelling allows estimation of cancer rates at various age, year, gender and region levels, following a Bayesian setting to account for statistical uncertainty. Our analysis indicates significant regional variation in cancer incidence rates.
In this talk we will outline the steps Aviva took in pulling together our first large-scale disclosures on the exposure of our business to climate change published in March 2019; in line with the recommendations of the Taskforce on Climate-related Financial Disclosures. After touching on why insurers have such an important role in climate change, we'll cover a brief “how-to” guide for those who have not yet embarked on thinking about these topics before giving a case study of how the learnings from a TCFD disclosure exercise can be applied to investment portfolios.
The insurance industry currently underwrites customers with diabetes based on a range of factors, medical expertise and various medical studies. The work undertaken by the Diabetes Working Party would help the industry to approach this using current research findings to update and enhance how potential risk from diabetes is considered. This includes the need to understand the underwriting implications as treatments improve, and potentially to develop new products that are tailored to those with diabetes. This webinar will present our latest findings in the management of this important chronic condition which will include research in collaboration with the ARC.
This event is now fully booked. To join the wait list, please register here.
Get ready for the new CPD Scheme launching on 1 September. Join us for a discussion on what the new Scheme will look like in practice. There will be an opportunity to field questions to the IFoA Executive on how the Scheme’s requirements will affect you.
There will be a prestigious line-up of international speakers discussing the insurance and financial industry’s innovation and change in Asia. The conference will take place throughout September via an online platform. The webinars consist of plenary speaking sessions and a series of workshop sessions including Life, GI, Data Science, Sustainability, Risk Management and Investment.
This will be the perfect opportunity for you to discover,ask questions and be at the forefront of current and developing actuarial/financial topics and trends in Asia.
In this webinar we will provide an insight into enterprise-wide risk management in banking, showing similarities to the world of insurance as well as identifying differences. Just as insurance companies have to submit an ORSA, so bank’s have to submit their own equivalent, the Internal Capital Adequacy Assessment Process or ICAAP.
IFoA Webinar on Examination guidance for those candidates sitting Examinations in September, delivered by the Education Actuaries
This free 90 minute webinar is designed to support the IFoA CPD Co-ordinators, and others, involved in supporting our members to achieve their CPD requirements.
The programme will include an overview of the new CPD Scheme; specifically sharing with you key messages to support you implement and embrace the new CPD Scheme for our members within your organisation and regional community; how to arrange a reflective practice discussion; and an interactive reflective practice discussion learning exercise. In addition, delegates will gain information about accessing, and making the most of the IFoA event Toolkits which you can make use of to run your own in-house events and events for regional communities.