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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

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

+44 01865 268207

We aim to respond to all enquiries within two working days.

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Events calendar

  • Sessional Meeting - Operational Risk Dependencies

    Royal College of Physicians of Edinburgh 9 Queen St Edinburgh EH2 1JQ
    20 January 2020

    Fully booked.

    The Operational Risk Working Party aims to assist actuaries and others in the modelling and management of operational risk. One of the key challenges in modelling operational risk is the modelling of dependencies between operational risks, and between operational and non-operational risks such as market, credit and insurance risk.

  • KSS event in Glasgow: Public Sector Pensions

    Hymans Robertson, Glasgow 20 Waterloo St, Glasgow
    30 January 2020

    Spaces available

    – the unappreciated key assumption, the resulting unsustainable promises, the unmanaged risk and the unrecognised debt? 

    Speaker: Allan Martin will present this talk on 30 January in Glasgow, Stirling and Edinburgh. If you wish to register for another location please return to the Events Calendar.

  • KSS event in Stirling: Public Sector Pensions

    M&G Prudential, Stirling Craigforth Campus, Stirling
    30 January 2020

    Spaces available

    – the unappreciated key assumption, the resulting unsustainable promises, the unmanaged risk and the unrecognised debt? 

    Speaker: Allan Martin will present this talk on 30 January in Glasgow, Stirling and Edinburgh. If you wish to register for another location please return to the Events Calendar.

  • KSS event in Edinburgh: Public Sector Pensions

    Hymans Robertson 1, Exchange Place, Semple St, Edinburgh
    30 January 2020

    Spaces available

    – the unappreciated key assumption, the resulting unsustainable promises, the unmanaged risk and the unrecognised debt? 

    Speaker: Allan Martin will present this talk on 30 January in Glasgow, Stirling and Edinburgh. If you wish to register for another location please return to the Events Calendar.

  • The Great Risk Transfer – Breakfast briefing and launch event

    Staple Inn Hall, High Holborn London WC1V 7QJ
    31 January 2020

    Fully booked.

     

    Launch of the IFoA’s 2020 thought leadership campaign The Great Risk Transfer. The campaign will examine the trend of the transfer of risk from institutions to individuals, and how people can be better equipped to manage the financial risks they now face. At this breakfast event the IFoA will launch a call for evidence on this topic.

  • Joint IFoA and SOAT Professional Skills Training event - Bangkok

    Thai Life Insurance PCL, 13th Floor, Meeting Room 13/2, 123 Ratchadaphisek Road, Din Daeng, Bangkok 10400, Thailand  
    7 February 2020

    Spaces available

    This session is jointly organised by the Institute and Faculty of Actuaries (IFoA) and the Society of Actuaries of Thailand (SOAT).

    Video case studies will be selected from the IFoA’s 2019/2020 online content which covers a range of topics under an overarching theme of “A Trusted Profession”. This session 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.

     

  • Cyber Risk Event

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    10 February 2020

    Spaces available

    What do good cyber practices look like and, to what extent, can we as an industry implement these operationally and recognise these for underwriting?

  • KSS event: Where now for pensions?

    Royal London Group, 1 Thistle Street, Edinburgh, EH2 1DG
    18 February 2020

    Spaces available

    With a single party government at Westminster holding a comfortable majority, and with the first phase of Brexit complete, the potential for radical reforms of the pensions landscape is increased. 

    Former Pensions Minister Steve Webb discusses what changes we can expect to see in pensions including in state pensions, pension tax relief, automatic enrolment and the workplace pension landscape.

  • Sessional: Impact of E-cigarettes Working Party

    Royal College of Physicians, 9 Queen St, Edinburgh EH2 1JQ
    24 February 2020

    Spaces available

    This sessional meeting will be of direct interest to actuaries and others working in the in the Health and Care, Life or Pensions sectors or indeed actuaries with an interest in morbidity or mortality. Note: Registration is from 17.30 in time for the sessional to begin at 18.00.

  • KSS event: How is Scotland’s population changing and what are the implications?

    New Register House, 3 West Register Street, Edinburgh
    5 March 2020

    Spaces available

    The National Records of Scotland (NRS) collects, preserves and produces information about Scotland's people and history to inform current and future generations - work that underpins the fabric of Scottish society and tells the story of our nation. This KSS talk will explore the following and other areas impacting Scotland’s changing population, and assess the potential implications of the changes:

  • Highlights of the Life Conference 2019 - London

    America Square Conference Centre, 17, One Crosswall, America Square, London EC3N 2LB  
    11 March 2020

    Spaces available

    This event will cover the highlights from the Life Conference 2019 held in Dublin.. The Conference Committee has reviewed session feedback and has put together a high-quality technical programme featuring the best sessions from the Life Conference 2019.  Book now to ensure your place.

  • Board agenda: Why Responsible Investing, ESG, and Climate Change matters to Pension Funds, Companies

    Staple Inn, 4 High Holborn, Holborn, London. WC1V 6DR, UK
    19 March 2020

    Spaces available

    Recent years have seen ESG, Climate Change, and Responsible Investing thrust onto the corporate agenda in every boardroom. The same also be said for pension funds. Expectations of how companies should respond are high and NEDs on Boards are expected to adapt and adjust their guidance to companies accordingly. What does this mean for Actuaries serving as NEDs and Trustees?

  • KSS event: A Cashless Society- Benefits, Risks, Issues and Developments

    Deloitte, 4th Floor, Saltire Court, 20 Castle Terrace
    19 March 2020

    Spaces available

    Speaker: Iain Collier, Chair of the CSWP

    The talk will look to cover the following: Progression towards a Cashless Society • Developments home and overseas • Benefits, Risks and Issues • Crypto Currencies and Central Bank Digital Currencies.

    There will be an extended Q&A session at the end of the event.

  • Spring Lecture 2020, Edinburgh - Vicky Pryce

    Assembly Rooms, 54 George St, Edinburgh EH2 2LR
    25 March 2020

    Spaces available

    What next in Economic Policy? Please join us for our annual Spring Lecture presented by Vicky Pryce in Edinburgh. Vicky is Chief Economic Adviser and a board member at the Centre for Economics and Business Research (CEBR).

  • Spring Lecture 2020: Live Streaming at Staple Inn - Vicky Pryce

    Staple Inn Hall, High Holborn, London, WC1 V 7QJ
    25 March 2020

    Spaces available

    This event will be live streamed from Edinburgh. 

    What next in Economic Policy? Please join us for our annual Spring Lecture presented by Vicky Pryce in Edinburgh. Vicky is Chief Economic Adviser and a board member at the Centre for Economics and Business Research (CEBR).

  • Spring Lecture 2020: Live Streaming

    Webinar
    25 March 2020

    Spaces available

    What next in Economic Policy? Please join us on 25 March 2020 for the live stream of our annual Spring Lecture presented by Vicky Pryce in Edinburgh. Vicky is Chief Economic Adviser and a board member at the Centre for Economics and Business Research (CEBR).

  • SIAS Event: CMI Update

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    1 April 2020

    Spaces available

    Following the release of the updated CMI Mortality Projection Model, CMI_2019, the CMI Mortality Projections Committee will lead a discussion on future mortality improvements.

  • IFoA Asia Conference 2020, Kuala Lumpur

    CCEC Nexus, 7, Jalan Kerinchi, Bangsar South, 59200 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
    24-25 June 2020
    Spaces available

    Join us at the IFoA Asia Conference 2020 at CCEC Nexus, Kuala Lumpur where intellectual thought leaders, senior industry players, opinion formers, academics, actuaries and non-actuaries from across Asia and beyond are expected to attend. This year's landmark conference promises to an exciting one as our first Asian President-elect, Tan Suee Chieh will, as newly appointed president of the IFoA, use his presidential address to highlight the two key pillars of the IFoA’s emerging strategy:

    • the reinvention of the profession in terms of its skillsets and mind-sets so that we can thrive in an increasing range of domains in a digital age;
    • the widening application of actuarial science in achieving social impact and sustainability goals.

    We are also delighted to announce that the Honourable Mr. Lim Guan Eng, Minister of Finance, Malaysia, will be the guest of honour at this year's conference.

    Early bird registration is now open until 1 March.  10% group discounts are offered to a minimum of six IFoA members booking in a single transaction.  Limited spaces are available, so please sign-up early to avoid disappointment.