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Professional Skills Course (PSC)

The Professional Skills Course (PSC) forms stage two of the mandatory Professional Skills Training of the Institute and Faculty of Actuaries (IFoA)

The course prepares you for the increasing levels of responsibility placed upon you in your career. It will build on previous training and help you to develop the skills you will need to manage, and where possible, prevent ethical dilemmas which may arise, and to exercise appropriate judgement and decisions to resolve them.

Who is required to sit the PSC?

  • If you are a student member who joined on or after the 1 July 2006 you will need to complete the course between the 4th and 6th anniversaries of your admission, or within a year of qualifying as a Fellow, whichever comes first.
  • If you wish to become an Associate you will need to complete the course, in addition to passing the relevant exams, before you can transfer

To book your place on the free-of-charge Professional Skills Course: login to your online account, and follow the link to My Exams to see the available dates. Please be aware that if you cancel or change your course booking a £150.00 administration fee will be charged.

You must have completed a course, or have a confirmed booking in place, within the required time frame as failure to do so will lead to penalties being imposed on you.

The PSC is an online course run within our Virtual Learning Environment (VLE)

The online course runs over a three week period, but should take you approximately 8-10 hours to complete.

The course uses discussions and case studies to explore concepts of professionalism, awareness of the Actuaries' Code, and business ethics. Some of the case studies will be generic and apply to all areas of work; some will be specific to your own area of work.

Read the Professional Skills Course participants' guide for more information about the course.

All members of the IFoA are required, under the Actuaries' Code, to maintain their professional competence by undertaking Continuing Professional Development (CPD)

Student members have been placed in Category 5: this means that you do not need to complete any technical learning, and your CPD requirement is limited to the professional skills training shown above

Professionalism courses overseas

Members of the IFoA are expected to complete a Professional Skills Course organised by the IFoA. However, a number of overseas professionalism courses have been approved as equivalent to our courses. This includes professionalism events organised by:

  • Society of Actuaries
  • Casualty Actuarial Society
  • Society of Actuaries in Ireland
  • Actuarial Society of South Africa
  • Actuaries Institute

Members of other associations may take the IFoA course if places are available. Please contact the Education Services team to discuss this.

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Contact Details

If you have any questions about Professional Skills Training Stage 2 - Professional Skills Course please contact Education Services.

education.services@actuaries.org.uk

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Events calendar

  • Implications of 2019 IFRS 17 Exposure Draft

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    24 July 2019

    Fully booked.

    The International Accounting Standards Board (IASB) recently published an Exposure Draft (ED) of limited changes to its insurance contracts standard IFRS 17, effective date 2022.

  • Insurance Investment Roundtable with the IFoA & PRA - 25 July 2019

    EY Offices 1 More London Place London, SE1 2AF
    25 July 2019

    Spaces available

    The IFoA hosts regular roundtable meetings with the PRA on best practice in insurance investment and the application of the Prudent Person Principle, which governs insurance investment under Solvency II.

  • SIAS Event: Climate Zero to Climate Hero

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    3 September 2019 - 4 September 2019

    Spaces available

    An introductory session to help you get ahead with climate change.

    • Science, terminology and initiatives: handy facts to keep in your back pocket 
    • Getting your point across: how to influence people and avoid common traps and pitfalls
    • Taking action: what are actuaries expected to do...and what are we actually doing?
  • KSS event – The Regulatory Perspective

    Deloitte Saltire Court 20 Castle Terrace Edinburgh EH1 2EG
    5 September 2019

    Spaces available

    This KSS talk, presented by the FCA Head of Department in Scotland, will focus on the following 3 main areas:

    • FCA business plan priorities
    • The future of regulation
    • FCA Engagement in Scotland
  • Sessional Research Event - Risk Margin Working Party

    Staple Inn Hall, High Holborn London, WC1V 7QJ
    9 September 2019

    Spaces available

    For life insurers in the UK, the risk margin is one of the most controversial aspects of the Solvency II regime. Following its implementation, the risk margin came under considerable criticism for being too large and too sensitive to interest rate movements. These criticisms are particularly valid for annuity business – such business is of great significance to the national system for retirement provision. This criticism has led to political interest, and the risk margin was a major element of the Treasury Committee inquiry into Solvency II.

  • GIRO Conference 2019

    EICC, The Exchange, 150 Morrison St, Edinburgh EH3 8EE
    24-26 September 2019
    Spaces available

    GIRO is attended annually by over 800 delegates and speakers who are keen to discuss key topics such as Pricing, Reserving, Modelling and the future of the insurance industry. GIRO 2018 was a huge success and we have opened bookings early for what we hope will be another brilliant conference at the EICC in Edinburgh this year. 

     

  • The Future of the Actuarial Profession

    Staple Inn Hall, High Holborn London WC1V 7QJ
    3 October 2019

    Spaces available

    Three actuaries – and CEOs – discuss their views on how the business world is changing and what that might mean for actuaries in the future.

  • Spaces available

    Have you ever thought about working in wider fields? Would you like to play a role in the fight against climate change to make the planet better? 

    It can be difficult to do this - but seeing an example you can follow can make it more realistic. In this ‘green’ case study a template is outlined to show how actuaries can apply their skills more broadly - and in doing so, to make a difference.

  • Sessional Meeting - Autonomous Vehicles and impacts on the wider insurance industry

    Staple Inn, High Holborn, London WC1V 7QJ         
    28 October 2019

    Spaces available

    The Institute and Faculty of Actuaries is running a sessional meeting on autonomous vehicles on 28th October.  The session will showcase the work of the IFoA “Autonomous Vehicles” working party alongside a number of expert external presenters. 

  • Life Conference 2019

    The Convention Centre Dublin, Spencer Dock, North Wall Quay, Dublin 1
    20-22 November 2019
    Spaces available

    The Life Conference is the premier event for professionals interested in life insurance.  Offering a wide range of workshops and plenary sessions it’s the perfect opportunity to discover what’s hot and current in life insurance ensuring you get up to date on the latest thinking and innovation whilst meeting and exchanging ideas with a broad range of professionals.

  • Autumn Lecture 2019, London - Rt Hon Nicky Morgan MP

    Lincoln's Inn The Treasury Office, London WC2A 3TL
    2 December 2019

    Fully booked.

    The IFoA is pleased to announce that this year’s Autumn Lecture will feature the Rt Hon Nicky Morgan MP as its guest speaker.  Nicky has previously served as Financial Secretary to the Treasury and Minister for Women. She now chairs the Treasury Select Committee whose remit is to examine the expenditure, administration and policy of HM Treasury, along with all of its agencies and associated bodies.

  • Autumn Lecture 2019: Live Streaming

    Webinar 
    2 December 2019

    Spaces available

    Watch the live stream of this year's Autumn Lecture with guest speaker Rt Hon Nicky Morgan MP.