You are here

Personal and Professional Development FAQs

  • 1. What is PPD?

    PPD stands for Personal and Professional Development and it is the practical work experience requirement that all students must complete alongside their exams. To become an Associate or Fellow you need to successfully complete PPD as well as the IFoA examinations and professionalism components.

  • 2. What is a PPD year?

    A PPD year is the unique date that your PPD runs from and to. The date is calculated from your joining date so is different for all students. It is your responsibility to complete your PPD each year by the deadline date. For example if you joined the IFoA on 1 April then your PPD year will run from 1 April to 31 March and you must have completed your records by midnight (GMT) on 31 March.

  • 3. What if I joined before July 2004 and am currently exempt from doing Work-based skills (WBS)?

    From January 2019, all students who have not become an Associate or Fellow need to start recording their PPD. PPD replaces the pre 2004 work experience requirements.

  • 4. What if I work for an accredited employer?

    The accredited employer scheme is being replaced by PPD and will be phased out by January 2021. If you work or have previously worked for an accredited employer, you may still submit your accredited employer form when you come to qualify to count towards your total 36 months of practical work experience requirement. You are not able to qualify solely on your accredited employer form as all students should have started recording PPD from September 2018.

  • 5. How much PPD do I need to complete?

    You are required to record a minimum number of PPD credits and formal learning hours whilst you are a student member of the IFoA. The minimum amount per year is 3 credits and 2 formal learning hours.

    When you have completed all the required examinations and professionalism components you will need to ensure you have recorded the following PPD requirements: Associate: minimum of 10 credits and 2 formal learning hours over the course of 12 months. Fellow: minimum of 20 credits and 6 formal learning hours over the course of 3 years (minimum of 2 hours per year).

    If you joined the IFoA after 2 January 2019 the PPD requirements are as follows: Associate (must be obtained before progression to Fellow): minimum of 15 credits and 2 formal learning hours over the course of 24 months (minimum of 2 hours per year). Fellow: minimum of 5 additional credits and 2 formal learning hours over the course of 12 months.

  • 6. I’m submitting a mixture of Work-Based Skills (WBS) and PPD - how much do I need to do?

    You need to ensure you have the minimum amount of work experience recorded across both schemes i.e. 36 months for Fellow and 12 months for Associate. You should pro-rata the review questions (WBS) and credits (PPD) depending on the amount of months you are submitting e.g. 2 years WBS and 1 year PPD will require 8/12 review questions and 7/20 credits. 1 year WBS and 2 years PPD will require 4/12 review questions and 14/20 credits. Please see the transition pages for more information.

  • 7. What if I am taking a career break or have a gap in my actuarial employment?

    If you need to record a PPD exemption you should contact the IFoA to inform us of your situation as soon as possible. Students cannot record exemptions themselves and it is your responsibility to inform the IFoA if you cannot meet your annual PPD requirements. Exemptions can only be recorded for specific reasons such as parental leave, unemployment, further education, career breaks etc.

  • 8. How does the IFoA monitor my PPD?

    The IFoA conducts PPD audits each month to ensure the quality and standard of PPD is maintained. You may be selected for a PPD audit at any time during your student journey. You should keep evidence of how you met the competencies and any discussions you have had with your supervisor until you qualify. The IFoA may ask you for this as part of your PPD audit and may contact your supervisor to confirm the accuracy of your records.

  • 9. Do I need a supervisor?

    All students will need a manager or supervisor to discuss their PPD records with. They do not need to be a qualified Actuary. The IFoA may contact your supervisor who is supporting your work experience to confirm the accuracy of your records. You may have more than one manager or supervisor to support you in achieving the different objectives and competencies but they must not be a friend or relative to avoid any conflict of interest. You should discuss your submissions with your supervisor as part of your professional development and record on each submission that you have discussed it with them. Please keep the contact details of your supervisors throughout your PPD journey as they may be requested by the IFoA before you qualify.

  • 10. I’m self-employed and don’t have a supervisor. How can I complete PPD?

    If you are self-employed then you will still be able to complete the PPD requirements but you need to make the IFoA aware of this in order that appropriate support can be provided. We will ask you to complete an additional form to record your working contracts so we can ensure you have met the minimum amount of work experience.

  • 11. What happens if some of the work that you have covered is confidential to your company?

    You may cover some of the objectives and competencies of PPD while you undertake work that is confidential or commercially sensitive. In these cases, if you are unable to fully describe how you have met these competencies, please include as much detail of the activity and learning experience as possible and note the reason for any gaps in your submission. Our reviewers may confirm this with your supervisor so please ensure you have discussed this with them before submitting your PPD.

  • 12. What if I change my job?

    If you are changing jobs you should complete PPD as usual for both your existing and new employment. You need to make sure that you have discussed your PPD with your supervisor before you leave as we may follow up any queries with your submissions with them. You should also keep their contact details. If you are having a break in employment between your 2 roles, you may contact us to record an exemption if you are not able to meet the minimum PPD requirements for that year.

  • 13.What if I fail to complete the annual PPD requirements?

    As part of the audit process the IFoA will identify those students who have not completed the minimum amount of PPD and will contact them. It is your responsibility to keep your PPD and contact details updated.

  • 14. I want to stay as an Associate and don’t intend on studying for Fellowship - do I still need to do PPD?

    If you have transferred to Associate and don’t intend on studying for Fellowship, you will need to contact us so we can update your record making you exempt from PPD. You will not be able to book or sit any IFoA exams.

  • 15. I am an Associate and have been exempt from PPD. I want to study for Fellowship- what do I need to do?

    Depending on the amount of time since you qualified as an Associate and the work you have been doing since qualifying will depend on how much PPD you need to complete. You should contact us to discuss your individual requirements and to allow us to update your records so you can record your PPD and book onto examinations.

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.

Filter or search events

Start date
E.g., 26/10/2021
End date
E.g., 26/10/2021

Events calendar

  • The Growth Mindset for Actuaries

    13 October 2021 - 8 December 2021

    Fully booked.

    This practical course is aimed at actuaries at any stage of their career who want to develop their own growth mindset and apply it to their work setting and personal or professional lifelong learning. The content of the course builds on the lecture given by Dr Helen Wright on Growth Mindset as part of the President’s 2021 Lecture series, and will be delivered over a period of 2 months, from mid-October to early December.

  • Spaces available

    The importance of biodiversity for finance, business and policy is being increasingly recognised. While many studies highlight the overall economic impact that biodiversity loss could have, it is much more difficult to quantify and understand the particular impact that is may have on individual businesses or communities. The management and measurement of these risks is a field where actuaries are well placed to contribute.

  • Spaces available

    The climate crisis and the degradation of our planet will affect societies everywhere. How we address these threats will require solutions that transcend borders. As a global profession, the actuarial community is well-placed to consider and propose effective risk management solutions to help manage the climate crisis.

  • GIRO 2021 Webinar Series

    Online
    8 November 2021 - 19 November 2021
    Spaces available

    Join leading experts to discuss key issues, emerging ideas and new research across the general insurance sector.

  • Spaces available

    This is a free webinar with an expert panel providing their views on the ongoing IFoA consultation for proposals regarding changes to the regulatory framework on climate change and sustainability.

    The regulatory consultation sets out, for feedback some proposed approaches that the IFoA are considering in relation to charter commitments under the UK’s Green Finance Education Charter (GFEC) and the regulatory framework, including the Actuaries’ Code.

  • Life 2021 Webinar Series

    Online
    22 November 2021 - 26 November 2021
    Spaces available

    Join leading experts to discuss key issues, emerging ideas, and new research across the Life insurance sector.

  • Spaces available

    The role of actuaries within the health sector varies considerably from one country to another, due to differences in the local evolution of health systems and the funding models for health services. 

  • Spaces available

    Content will be aimed at all actuaries looking to understand the issues surrounding mental health in insurance and in particular those looking to ensure products and processes widen access for, and are most useful to, those experiencing periods of poor mental health.
     

  • The Many Faces of Bias

    2 December 2021

    Spaces available

    This webinar looks at the many types of biases, both conscious and unconscious and the impacts they can have in the workplace.  Raising our own awareness and understanding of the issues can help us avoid the pitfalls of unconscious bias in particular.  We’ve all heard the phrase ‘office banter’ but are we sure that’s how those on the receiving end perceive it and is it ok to go along with it?