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.
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.
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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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.