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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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Events calendar

  • Spaces available

    Drawing from his most recent book “The New Long Life” and his longevity research Andrew J Scott will outline how longer lives and new technologies will fundamentally reshape how we structure our lives and transform the economy. As well as looking at the agenda this will set governments and corporates he will focus on the implications for you and how you prepare your future career.

  • India Town Hall

    Webinar
    28 January 2021

    Spaces available

    IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual India Town Hall 2021, hosted by John Taylor with IFoA Council Member Mahidhara Davangere and IFoA Chief Executive, Stephen Mann. 

  • Spaces available

    What are the options for the world economy looking ahead?

    In this Thought Leadership Lecture, Economist, Vicky Pryce, will be discussing world economic trends, including the differences in geographical performance and how output is recovering and where.

  • Spaces available

    Trust and Leadership for Actuaries

    Led by Dr. Jim Baxter, University of Leeds, this webinar introduces some key ideas in the ethics of trust, with a particular focus on those in, or on the path to, leadership roles. Dr Baxter is joined by a panel of experienced leaders who will give their personal perspectives on how they understand the value of trust and how they seek to promote and inspire trust, drawing on their experiences of leadership. The panel includes:

  • Health and Care Hot Topics webinar

    Online webinar
    10 February 2021

    Spaces available

    In this webinar, we have two presentations showing the latest research on the implications for life and health insurers of two key issues: genomics and pandemic risk.

    Dr Peter Joshi and Paul Timmers will share their research on how well-established underwriting processes can allow for genomics in predicting expected mortality and morbidity. They will then discuss the potential for stratified screening and personalised medicine to improve health and reduce claim costs.

  • Spaces available

    As the world’s attention begins to turn to COP26 later this year in Glasgow, Sarah Gordon (Chief Executive, Impact Investing Institute) will share her vision for how the financial services industry can deliver for people and the planet, as well as how to encourage more investment with the intention to generate positive, measurable social and environmental impact alongside a financial return.

  • Sub-Saharan Africa Town Hall

    26 February 2021

    Spaces available

    IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual SSA Town Hall 2021, hosted by John Taylor with IFoA Council Members Mukami Njeru, Prosper Matiashe and IFoA Chief Executive, Stephen Mann.

  • MENAP Town Hall

    2 March 2021

    Spaces available

    IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual MENAP Town Hall 2021, hosted by John Taylor and IFoA Chief Executive, Stephen Mann.