You are here

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

Filter or search events

Start date
E.g., 02/10/2020
End date
E.g., 02/10/2020

Events calendar

  • Autumn Lecture 2020: Professor Elroy Dimson

    Online webinar
    14 October 2020

    Spaces available

    Many individuals and institutions have a long-term focus, and invest funds for the benefit of future generations. Their strategy should reflect their long horizon. University endowments are one of the oldest classes of institutional investor, and I will present the first study of the management of these endowments over the very long term.

  • GIRO Conference 2020 Webinar Series

    Available to watch globally in November.
    02-13 November 2020
    Spaces available

    This year's GIRO has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the general insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's GI Online Learning Resource area

  • Life Conference 2020 Webinar Series

    Online
    16 November 2020 - 27 November 2020

    Spaces available

    This year's Life Conference has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the life insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's website.

  • 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

    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.