Each year you are required to submit PPD. You will have a unique date to submit your records by, this is usually the date you joined the IFoA and is known as your ‘annual PPD deadline date’. You will need to submit a minimum amount of PPD per year and your records should evidence work-based activities that closely match the 30+ competencies available. There is also an annual requirement to record formal learning activities in addition to the competencies.
PPD Objectives and Competencies
There are three objectives that have to be completed. These set the minimum standards you need to demonstrate in the work place:
- Effective Communication
- Problem Solving and Decision Making
Each of the objectives contains a range of competencies, including certain mandatory competencies which you must complete before you qualify. You may select which to complete however we expect at least one from each objective. Ideally you will have a range across all three. You may complete the same competency more than once, however it must relate to a different activity and learning outcome. Each competency carries a value of 1 or 2 credits. These weightings reflect the importance attached to each objective. You will need to complete a minimum amount of credits per year and overall in order to qualify.
In addition to recording your credits you will also need to record at least two hours of formal learning and development activities each year. These must be unconnected with the actuarial exams and activities you have completed for CPD. Such activities can include attendance at meetings of local actuarial societies, technical and business presentations, company arranged training and actuarial related seminars.
Qualification requirements for IFoA students who joined before 2 January 2019
|Minimum number of months PPD required||Minimum number of credits required||Minimum credits per year||Minimum hours of formal learning activity total|
|Associate||12 Months||10||3||2 hours|
|Fellow||36 Months||20||3||6 hours (2 per year)|
Qualification requirements for students who joined on or after 2 January 2019
|PPD for joiners from 2019||Minimum number of months PPD required||Number of credits required||Minimum credits per year||Minimum hours of formal learning activity total|
|Associate*||24 Months||15||3||4 hours (2 per year)|
|Fellow||A further 12 months||A further 5 credits||3||A further 2 hours|
*Associateship Qualification must be obtained before progression to Fellow. View the 'PPD for 2019 joiners' page for further information
Minimum Work Experience Requirements
If you are submitting the minimum amount of work experience, you should make sure you wait to submit your final sign off and work experience documents until the full 12/36 (Associate/Fellow) months have passed.
If the period of time covered in your work experience is less than 12/36 months you will not be able to submit your application earlier, even if you have no further PPD to record. If you have more than the minimum months recorded and you have met the requirements to qualify you may submit at any time.
Each PPD record requires:
1. An activity description
The description should be a concise overview of the activity you are referencing. You should avoid jargon and abbreviations and it should be able to be understood by someone who is not familiar with your work. There is a limit of 250 characters for the activity description. If you are preparing your draft submission in Microsoft Word, the IFoA recommends using Microsft Office packages from 2010 onwards for an accurate character limit.
2. A learning outcome
The learning outcome is where we expect to see the main body of the submission. It should be a descriptive and self-reflective piece of writing describing what learning or development you took from the activity and how you will use this in the future. This ‘reflection’ is an important business skill which you need to develop throughout your professional career. There is a limit of 1024 characters for the learning outcome. If you are preparing your draft submission in Microsoft Word, the IFoA recommends using Microsft Office packages from 2010 onwards for an accurate character limit.
3. An activity date
This must be the date you undertook the activity within the PPD year. It is not possible to retrospectively add activities to previous years or edit information once the year has reset.
4. Confirmation that you have discussed the PPD record content with your supervisor or line-manager
This is indicated by ticking the appropriate box and is a mandatory requirement of submitting your PPD. We may contact your supervisor for confirmation of the activity you are describing.
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