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Skill sets for Practising Certificate holders

Our members perform a number of important roles for which they need to hold one of our Practising Certificates (PC)

These roles are:

  • Scheme Actuary to a pension scheme
  • Actuary providing an Actuarial Opinion on the technical reserves of a Lloyd's Syndicate
  • Chief Actuary covering one of:  Life, non-Life without Lloyd's, and non-Life with Lloyd's
  • Actuarial Function Holder of a life insurance company
  • With-Profits Actuary of a with-profits life insurance fund

Find out more about the PC regime

We have produced a framework of skill sets to help our members identify the skills, knowledge and competencies which will enable them to carry out these roles effectively

The framework will also provide a reference tool to guide CPD planning.  

As well as providing a useful guide for current Practising Certificate Holders, the framework may assist other actuaries working towards an approved role to identify areas for development.

The framework is also intended to  help users of actuarial services understand the skill set they can reasonably expect of the actuaries they employ.

The Framework is intended to reflect the skills that actuaries with approved roles should ideally, rather than must have, and not all of the skills will be relevant to every actuary or put to use in every actuarial activity

The Framework is not intended as an exhaustive list of every skill an actuary might need to discharge his or her duties, but instead reflects many of the personal competencies, areas of knowledge and technical skills that actuaries working in regulatory approved roles rely on to provide advice and meet the wider expectations of the stakeholders which they serve.

The Framework has been developed by the IFoA with input from current actuaries as well as the users of actuarial advice, such as Board members and regulatory bodies

Please select the Practising Certificate role which is of interest to you to find out more:

Contact Details

If you have any enquiries about the Skill Sets Framework, please contact:

regulation@actuaries.org.uk

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Start date
E.g., 24/10/2021
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Events calendar

  • The Growth Mindset for Actuaries

    13 October 2021 - 8 December 2021

    Fully booked.

    This practical course is aimed at actuaries at any stage of their career who want to develop their own growth mindset and apply it to their work setting and personal or professional lifelong learning. The content of the course builds on the lecture given by Dr Helen Wright on Growth Mindset as part of the President’s 2021 Lecture series, and will be delivered over a period of 2 months, from mid-October to early December.

  • Spaces available

    The importance of biodiversity for finance, business and policy is being increasingly recognised. While many studies highlight the overall economic impact that biodiversity loss could have, it is much more difficult to quantify and understand the particular impact that is may have on individual businesses or communities. The management and measurement of these risks is a field where actuaries are well placed to contribute.

  • Spaces available

    The climate crisis and the degradation of our planet will affect societies everywhere. How we address these threats will require solutions that transcend borders. As a global profession, the actuarial community is well-placed to consider and propose effective risk management solutions to help manage the climate crisis.

  • GIRO 2021 Webinar Series

    Online
    8 November 2021 - 19 November 2021
    Spaces available

    Join leading experts to discuss key issues, emerging ideas and new research across the general insurance sector.

  • Spaces available

    This is a free webinar with an expert panel providing their views on the ongoing IFoA consultation for proposals regarding changes to the regulatory framework on climate change and sustainability.

    The regulatory consultation sets out, for feedback some proposed approaches that the IFoA are considering in relation to charter commitments under the UK’s Green Finance Education Charter (GFEC) and the regulatory framework, including the Actuaries’ Code.

  • Life 2021 Webinar Series

    Online
    22 November 2021 - 26 November 2021
    Spaces available

    Join leading experts to discuss key issues, emerging ideas, and new research across the Life insurance sector.

  • Spaces available

    Content will be aimed at all actuaries looking to understand the issues surrounding mental health in insurance and in particular those looking to ensure products and processes widen access for, and are most useful to, those experiencing periods of poor mental health.