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Changes and amendments to the Practising Certificates Scheme

Changes to the Practising Certificates Scheme will be notified to members through newsletters or by email, as appropriate.  Additionally, amended documents are listed below

Document title

 Date of change  Revised document  Revised by

Change

Practising Certificates Scheme 1 September 2020 Practising Certificates Scheme Regulation Board Amendments to CPD requirements
Practising Certificates Scheme 1 January 2020 Practising Certificates Scheme Regulation Board Reviewed
Practising Certificates Scheme 1 September 2018 Practising Certificates Scheme Regulation Board Summary of changes
Practising Certificates Scheme 1 September 2017 Practising Certificates Scheme Regulation Board Reviewed
Guidance on the Generic Criteria 1 September 2017 Guidance on the Generic Criteria Regulation Board Reviewed
Technical Experience Criteria and Guidance 1 September 2017 Technical Experience Criteria and Guidance Regulation Board Reviewed
Frequently Asked Questions 1 September 2017 Frequently Asked Questions Regulation Board Reviewed
Practising Certificates Scheme 1 September 2016 Practising Certificates Scheme Regulation Board Reviewed
Practising Certificates Scheme 1 April 2016 Practising Certificates Scheme Regulation Board Change to experience requirement
Guidance on the Generic Criteria 1 April 2016 Guidance on the Generic Criteria Regulation Board Change to experience requirement
Technical Experience Criteria and Guidance 1 April 2016 Technical Experience Criteria and Guidance Regulation Board Change to experience requirement
Frequently Asked Questions 1 April 2016 Frequently Asked Questions Regulation Board Change to experience requirement
Quick Reference Guide 1 April 2016 Quick Reference Guide Regulation Board Change to experience requirement
Practising Certificates Scheme 1 September 2015 Practising Certificates Scheme Regulation Board Reviewed
Guidance on the Generic Criteria 1 September 2015 Guidance on the Generic Criteria Regulation Board Reviewed
Technical Experience Criteria and Guidance 1 September 2015 Technical Experience Criteria and Guidance Regulation Board Reviewed
Frequently Asked Questions 1 September 2015 Frequently Asked Questions Regulation Board Reviewed
Quick Reference Guide 1 September 2015 Quick Reference Guide Regulation Board Reviewed

Practising Certificates Scheme

1 July 2015 Practising Certificates Scheme Regulation Board Amendments to incorporate Chief Actuary Certificates
Transition Arrangements 1 July 2015 Transition Arrangements Regulation Board Transtion Arrangements for Chief Actuary Certificat applications
Guidance on the Generic Criteria 1 July 2015 Guidance on the Generic Criteria Regulation Board Amendments to incorporate Chief Actuary Certificates
Technical Experience Criteria and Guidance 1 July 2015 Technical Experience Requirements and Guidance Regulation Board Amendments to incorporate Chief Actuary Certificates
Frequently Asked Questions 1 July 2015 Frequently Asked Questions Regulation Board Additions
Quick reference guide 1 July 2015 Quick reference guide Regulation Board Amendments to incorporate Chief Actuary Certificates

Quick reference guide

01 September 2014

Quick Reference Guide

Regulation Board

Reviewed

Practising Certificates Scheme

01 September 2014

Practising Certificates Scheme

Regulation Board

Reviewed

Frequently asked questions 01 September 2014 Frequently Asked Questions Regulation Board Reviewed 

Guidance on the generic eligibility criteria

01 September 2014 Guidance on the generic eligibility criteria Regulation Board Reviewed 
The technical experience criteria and guidance on their application 01 September 2014  The technical experience criteria and guidance on their application Regulation Board  Reviewed 

Practising Certificates Scheme

01 September 2013 

Practising Certificates Scheme

PREC

Reviewed 

Guidance on Generic Criteria

01 September 2013 Guidance on Generic Criteria  PREC

Reviewed 

Frequently asked questions

01 September 2013 Frequently Asked Questions PREC

Additions

Quick reference guide 01 September 2013 Quick Reference Guide PREC Quick introduction to the PC Scheme
Practising Certificates Scheme 01 September 2012 Practising Certificates Scheme PREC Reviewed
Frequently asked questions 01 September 2012 Frequently Asked Questions PREC Additions
Transition arrangements 22 December 2011 Transition Arrangements PREC

Revised timeline for certain mentored pension applications (new section 3A)

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Contact Details

If you have any enquiries about Practising Certificates please email or write to the Membership Team

practising.certs@actuaries.org.uk

Institute and Faculty of Actuaries, Level 2 - Exchange Crescent, 7 Conference Square, Edinburgh, EH3 8RA

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Events calendar

  • Spaces available

    The webinar will discuss the challenges and opportunities schemes face in evaluating end game options, choosing a target state and understanding the impact this strategic decision could have on member outcomes long after the “end state” is reached. Adolfo, Kevin and Rhian bring over 60 years of experience in the industry and a variety of perspectives as scheme actuary, covenant adviser, trustee, de-risking adviser and insurer.

  • Spaces available

    Retail banking is going through a period of substantial change as it moves into the digital age. Banks have large amounts of data about their customers and about their risks. Open data application programming interface (APIs) and data science are enabling banks to use their data to offer innovative and sometimes personalised services. Data science is also adding value in risk areas such as fraud detection and cyber security. At the same time, the move to online banking is making it easier for firms including fintechs to enter banking without having to establish branch networks.

  • UK Town Hall 08:30-09:30

    Webinar
    4 December 2020

    Spaces available

    IFoA President Tan Suee Chieh would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual UK Town Hall 2020, hosted by Tan Suee Chieh with IFoA’s Immediate Past President, John Taylor, President Elect, Louise Pryor and IFoA Chief Executive, Stephen Mann.  

  • UK Town Hall 10:00-11:00

    Webinar
    4 December 2020

    Spaces available

    IFoA President Tan Suee Chieh would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual UK Town Hall 2020, hosted by Tan Suee Chieh with IFoA’s Immediate Past President, John Taylor, President Elect, Louise Pryor and IFoA Chief Executive, Stephen Mann.  

  • Spaces available

    Cash-flow driven investing is a game-changer for DB pension funds navigating their end-game. Suitable for sponsors who want to reduce risks on their balance sheets. And for trustees, it shifts the focus to providing greater certainty of returns, managing funding level volatility and ensuring they have enough income to pay cash-flow requirements.

  • Spaces available

    Patrick Kennedy, Partner at Gateley Legal and Founding Director of Entrust (a leading professional pensions trustee company), will be delivering an update on the latest legal developments during the course of 2020. With both a pensions legal perspective and over 25 years of trustee service, Patrick will seek to highlight how the letter of the law has continued to evolve against the backdrop of a difficult and challenging year

  • Spaces available

    The talk will provide an understanding of the priorities and relationships between deficit reduction contributions, in the context of wider scheme funding, and different types of value outflow from the employer based on the working party’s recently published report. 

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    Running off the £2 trillion of UK corporate sector defined benefit liabilities in an efficient and effective fashion is the biggest challenge facing the UK pensions industry. Trustees and sponsors overseeing those schemes need to be clear on their target end-state and the associated journey plan – but too few have well articulated and robust plans.

  • Spaces available

    The actuarial skill set has much to offer the banking industry. So many of the skills that actuaries acquire during their working life translate across to the world of banking and yet banking is perceived as an alien environment to many actuaries. But is it?

  • Spaces available

    Covid-19 has required an urgent and cross-practice initiative to facilitate the extensive impact this pandemic has across all industries. IFoA members have been keen to contribute in a different way, so we developed the IFoA Covid-19 Action Taskforce [ICAT] to coordinate our effort, with a more efficient governance.

    We have over 500 volunteers and countless topics which we have amalgamated into 93 workstreams.