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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 to book online. 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.