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QAS CPD Scheme

From early 2020 the Institute and Faculty of Actuaries (IFoA) has made an outcomes-focused Continuing Professional Development scheme as an option available to all organisations accredited under our Quality Assurance Scheme (QAS)

Over coming weeks the IFoA will be updating all relevant documentation regarding the QAS, to incorporate the option for QAS organisations to adopt outcomes-focused CPD. This will include updates to the QAS Handbook, as well as the QAS Application Form and Annual Return Form. It will also mean changes to the way in which review visits and interim vists are conducted for organisations choosing to participate in outcomes-focussed CPD.

We have produced a set of Questions and Answer, below, to help QAS organisations understand the difference between the approaches to CPD that will be available to them for the 2020/21 CPD year. As we develop these materials and introduce these changes we will remain in touch with all Senior Quality Assurance Representatives to ensure that you are well equiped to make decisions about the best approach for your organisation.

Once these materials are available, you will be able to find them on this webpage. In the meantime, and to understand better what may be involved in outcomes-focused CPD, please refer to the CPD Pilot page. The material found on this page will be the basis on which the changes and adaptations to QAS documentation and processes will be based.

QAS CPD Scheme - Questuions and Answers
Is the QAS CPD Scheme any different to the outcomes-focused CPD Pilot?
Excepting some adjustments to the related guidance, there are no substantive changes from the pilot to the QAS CPD Scheme now offered.
How does an organisation go about introducing the QAS CPD Scheme?
All you need to do is indicate interest on your QAS Application Form. If your organisation is already accredited, you can simply get in touch with the QAS team and we will guide you through the process (qas@actuaries.org.uk).
How will organisations be assessed as suitable for the QAS CPD Scheme?

If your organisation is interested in adopting the QAS CPD Scheme, please get in touch and we will let you know how best to have suitability assessed. This may be via a short assessment visit or video call, or we might be able to add the assessment to your QAS Interim Visit.

In all likelihood organisations who participated in the CPD Pilot will not need to be reassessed. However, if an organisation chooses to make any significant changes to their policies following the CPD Pilot then reassessment may be necessary, along the lines outlined above.

All organisations should note that the QAS Sub-Committee reserves the right to make changes and adaptations to the assessment criteria for the QAS CPD Scheme. Under such circumstances any participating organisation may be subject to further assessment as part of a short visit, video call, or as part of an Interim Visit. However, please note that there are currently no plans to change the assessment criteria used suing the CPD Pilots.

Under the QAS CPD Scheme, will members have to carry out a certain number of hours of CPD activities?
The IFoA will not require members within participating organisations to complete a set number of hours. It will be up to organisations to decide how to implement the outcomes focused QAS CPD Scheme, and this may include, at their discretion, a time based requirement.
Will members within participating organisations be subject to the proposed reflective practice discussions?
The IFoA will not require members in participating organisations to comply with the proposed reflective practice discussions. However, organisations may choose to include reflective practice discussions, or similar, as part of their arrangements to implement the QAS CPD Scheme. Organisations may wish to note that in pilot of the outcomes focused scheme, feedback suggested that these types of discussions were one of the most useful aspect of the arrangements.
What happens if members move organisations throughout the year, either leaving or joining an organisation subscribing to the QAS CPD Scheme?
Individual members will be responsible for updating the IFoA of this sort of move to or from a QAS CPD organisation, and our membership team will be able to advise of the pro rata hours to which members may be subject under the hours based scheme.
From when will the QAS CPD Scheme be effective?
The scheme will be effective from September 2020 to align with the proposed change to the start of the IFoA’s CPD year.
Do all members at a QAS organisation subscribing to QAS CPD need to participate?
All members employed at a QAS organisation, or relevant part of an organisation, except students, will need to participate in the QAS CPD Scheme if the organisation has adopted it.
Will student members still be required to meet Personal and Professional Development (PPD) requirements?
The QAS CPD Scheme does not apply to students, therefore, students will continue to be subject to the same Personal and Professional Development (PPD) requirements.
Will members still be required to log CPD activity with the IFoA?
The IFoA will not require members working at participating organisations to log their CPD activity with the IFoA. However, the option to continue to complete the CPD log will remain available for individuals who find it personally useful.
How will the QAS CPD Scheme be monitored?
There will be an additional question on the QAS Annual Return Form asking about your organisation’s approach to the QAS CPD Scheme. There will be no change to the due date of Annual Returns.
If an IFoA member needs to meet CPD requirements to satisfy a different membership body, how will the QAS CPD Scheme work?
On request, the IFoA will provide any member employed by a QAS organisation operating the QAS CPD Scheme with written confirmation that their employment at such an organisation means their CPD requirements are as set out by their employer through the implementation of the QAS CPD Scheme. However, it will be up to each membership body to decide whether or not this is acceptable evidence that members have met that body’s CPD requirements.

Contact Details

Quality Assurance Scheme

qas@actuaries.org.uk

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

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Events calendar

  • SIAS Event: Actuaries in Non Traditional Fields Talk 1/3

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    2 March 2020

    Spaces available

    "Advising funeral trusts - avoiding the pitfalls and not getting burnt" 

    In response to our members feedback, for our 2020 programme we are planning 3 talks that explore the work the actuaries do in non traditional actuarial fields. The 1st talk in the trilogy will be presented by Graeme Muir and Nigel Sloan who will cover some of the issues you might need to think about if asked to advise a funeral trust or a similar body - neither pensions nor life assurance.

  • Spaces available

    Investors globally are embracing ESG but what does this involve and can ESG be measured? Louise Dudley, Global Equity Portfolio Manager at Hermes Investment Management will outline the taxonomy often used when talking about ESG (exclusion, screening, engagement, sustainable, impact, responsible investing), talk about the importance of stewardship and engagement, and showcase evidence to the question as to whether ESG adds va

  • KSS event: How is Scotland’s population changing and what are the implications?

    New Register House, 3 West Register Street, Edinburgh
    5 March 2020

    Spaces available

    The National Records of Scotland (NRS) collects, preserves and produces information about Scotland's people and history to inform current and future generations - work that underpins the fabric of Scottish society and tells the story of our nation. This KSS talk will explore the following and other areas impacting Scotland’s changing population, and assess the potential implications of the changes:

  • Actuarial valuations to monitor defined benefit pension funding

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    9 March 2020

    Spaces available

    This paper addresses one of the fundamentals of actuarial practice: assessing the solvency of a defined benefit pension scheme. It is timely as The Pensions Regulator is reviewing its code of practice on funding, providing an opportunity for the actuarial profession to contribute to an important matter of public interest.

    Sessional paper access code: 56DF2B25

  • Highlights of the Life Conference 2019 - London

    America Square Conference Centre, 17, One Crosswall, America Square, London EC3N 2LB  
    11 March 2020

    Spaces available

    This event will cover the highlights from last year's Life Conference 2019 held in Dublin. The Conference Committee has reviewed session feedback and has put together a high-quality technical programme featuring the best-reviewed sessions from the conference. Book now to ensure your place.

  • Insurance Investment Roundtable (IFoA & PRA) - Register your interest

    Aviva, St Helens, 1 Undershaft, London, EC3P 3DQ
    11 March 2020

    Few spaces available

    The IFoA hosts regular roundtable meetings with the PRA on best practice in insurance investment and the application of the Prudent Person Principle, which governs insurance investment under Solvency II.

    These roundtables are organised by the IFoA’s Finance and Investment Practice Board, supporting its members with access to relevant information on industry and regulatory developments. They have been attended by a diverse group of IFoA members, including insurance CIOs and Heads of ALM, actuarial and investment consultants, insurance asset managers, and investment bankers. 

  • Insurance Investment – Prudent Person Principle & CP22/19

    Aviva, St Helens, 1 Undershaft, London, EC3P 3DQ
    11 March 2020

    Spaces available

    At this event, Alan Sheppard (Head of Insurance Policy, Bank of England) will provide insight into the PRA’s oversight of insurance investment activity and the recent Consultation Paper on the Prudent Person Principle.

    The Finance & Investment Practice Board of the IFoA has hosted regular roundtable meetings with the Prudential Regulation Authority (PRA) covering best practice in insurance investment and the application of the Prudent Person Principle, which governs insurance investment under Solvency II.

  • Worshipful Company of Actuaries Lecture - Mortality Myths

    George Porter Lecture Theatre B University of Leicester University Road Leicester LE1 7RH
    18 March 2020

    Spaces available

    Jointly hosted by the Worshipful Company of Actuaries (WCA) and the Leicester Actuarial Science Society (LASS).

    Stuart McDonald, Head of Demographics at Lloyds Banking Group, will give us a mortality update, dispelling a few myths along the way!

     

  • Spaces available

    The IFoA and its Social Impact Investment Working Party are delivering a webinar to introduce social impact investing and explore the role of actuaries in this growing field. The presenters will use their international experience of this significant and growing market to:

  • Board agenda: Why Responsible Investing, ESG, and Climate Change matters to Pension Funds, Companies

    Staple Inn, 4 High Holborn, Holborn, London. WC1V 6DR, UK
    19 March 2020

    Fully booked.

    Recent years have seen ESG, Climate Change, and Responsible Investing thrust onto the corporate agenda in every boardroom. The same also be said for pension funds. Expectations of how companies should respond are high and NEDs on Boards are expected to adapt and adjust their guidance to companies accordingly. What does this mean for Actuaries serving as NEDs and Trustees?

  • KSS event: A Cashless Society- Benefits, Risks, Issues and Developments

    Deloitte, 4th Floor, Saltire Court, 20 Castle Terrace
    19 March 2020

    Spaces available

    Speaker: Iain Collier, Chair of the CSWP

    The talk will look to cover the following: Progression towards a Cashless Society • Developments home and overseas • Benefits, Risks and Issues • Crypto Currencies and Central Bank Digital Currencies.

    There will be an extended Q&A session at the end of the event.

  • Professional Skills Training - Edinburgh (19 March 2020)

    IFoA (Edinburgh), Level 2, Exchange Crescent 7 Conference Square Edinburgh EH3 8RA
    19 March 2020

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • Spaces available

    In the webinar, Stuart Hitchcock, Head of Portfolio Management for Private Credit, within LGIM Real Assets, will provide some insight into the nature of the private credit markets. Discussion will evolve around development of the markets and lending landscape, key investment characteristics including structural and legal protections, public vs private investments, advantages and drawbacks for borrowers, and attractiveness for investors.

    The webinar will also focus on describing the investment process such as origination through execution, credit, structure, pricing, on-going asset management, portfolio construction within private markets.

  • Spaces available

    What are the advantages of using artificial intelligence (AI) in investing? What are the differences between traditional quant and AI? This new webinar, part of a series of four webinars leading to the annual Finance & Investment Conference 2020, discusses challenges and the future of AI in the investment sector.

  • Spring Lecture 2020: Live Streaming at Staple Inn - Vicky Pryce

    Staple Inn Hall, High Holborn, London, WC1 V 7QJ
    25 March 2020

    Spaces available

    This event will be live streamed from Edinburgh. 

    The Brexit Budget: What next for the UK economy? Please join us for our annual Spring Lecture presented by Vicky Pryce in Edinburgh. Vicky is Chief Economic Adviser and a board member at the Centre for Economics and Business Research (CEBR).

  • Spring Lecture 2020: Live Streaming

    Webinar
    25 March 2020

    Spaces available

    What next in Economic Policy? Please join us on 25 March 2020 for the live stream of our annual Spring Lecture presented by Vicky Pryce in Edinburgh. Vicky is Chief Economic Adviser and a board member at the Centre for Economics and Business Research (CEBR).

  • Professional Skills Training - London (26 March 2020)

    Staple Inn, High Holborn, London WC1V 7QJ        
    26 March 2020

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • SIAS Event: CMI Update

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    1 April 2020

    Spaces available

    Following the release of the updated CMI Mortality Projection Model, CMI_2019, the CMI Mortality Projections Committee will lead a discussion on future mortality improvements.

  • Current Issues in General Insurance (CIGI) 2020

    Hilton London Tower Bridge, 5 More London Riverside, Tooley St, London SE1 2BY
    22 April 2020

    Spaces available

    CIGI is a well-established one-day seminar designed to increase awareness and encourage discussion on a variety of topical issues across the general insurance industry. 

    There will be an excellent and diverse line-up of speakers to provide a variety of perspectives and challenge covering technical and professional areas. 

  • Professional Skills Training - Edinburgh (29 April 2020)

    IFoA (Edinburgh), Level 2, Exchange Crescent 7 Conference Square Edinburgh EH3 8RA
    29 April 2020

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • Professional Skills Training - London (29 April 2020)

    Staple Inn, High Holborn, London WC1V 7QJ         
    29 April 2020

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • The Global Actuarial Profession

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    30 April 2020

    Spaces available

    There is a great deal of commonality amongst the actuarial profession worldwide but there are significant differences too. Listen to four presidents compare and contrast how the actuarial profession is dealing with data science, climate risk and consumer finance, amongst other topics.

  • KSS event: Technology: A red-eyed Terminator or an actuary’s best friend?

     Hymans Robertson, Exchange Place 1, 1 Semple Street, Edinburgh, EH3 8BL
    4 May 2020

    Spaces available

    Despite long-running concerns that innovation could lead to widespread redundancy, technology has enabled greater productivity, created higher-value jobs and spurred us on to new heights. With artificial intelligence increasingly automating work undertaken by professionals, I look at the prospects for the actuarial profession in the era of unprecedented technological innovation.

  • Finance and Investment Conference 2020

    Royal College of Physicians, 11 St Andrews Pl, London NW1 4LE
    05-05 May 2020
    Spaces available

    Join us at this year’s Finance and Investment Conference in London that will focus on ESG. The environmental, social and governance (ESG) space is growing rapidly and increasingly moving centre stage. In many cases, it is now an essential part of policy and central to the way stakeholders make decisions for the long term to ensure retention of clients, manage risk better, and ensure more economically efficient and sustainable investment returns.

    ESG factors cover a wide range of areas reflecting how vital consideration of these factors are part of wider systemic risks.

  • Professional Skills Training - Edinburgh (19 May 2020)

    IFoA (Edinburgh), Level 2, Exchange Crescent 7 Conference Square Edinburgh EH3 8RA
    19 May 2020

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • Professional Skills Training - London (19 May 2020)

    Staple Inn, High Holborn, London WC1V 7QJ         
    19 May 2020

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • CILA 2020

    Royal College of Physicians, 11 St Andrews Pl, London NW1 4LE
    20 May 2020

    Spaces available

    CILA is aimed at practicing life actuaries from life offices, consulting firms and other employers of actuaries. It will also be of interest to all those who work in, or advise on, the life assurance market in the UK and Europe. The programme this year features a timely mix of hot topics including sessions on:

  • Protection, Health and Care Conference 2020

    The Grand Brighton, 97-99 Kings Rd, Brighton BN1 2FW
    02-03 June 2020
    Spaces available

    The Protection, Health and Care Conference is an annual conference aimed at all insurance professionals with a passion for harnessing insurance risk in their organisations.

  • Mortality and Longevity 2020

    1 Birdcage Walk, Westminster, London SW1H 9JJ
    08-08 June 2020
    Spaces available

    This highly regarded seminar will provide topical and practical updates and discussion on the latest thinking and innovations in mortality and longevity.  The program is designed for life, pensions and health and care actuaries, academics, researchers, underwriters and related practitioners eager to learn about the latest developments in mortality and longevity.  The sessions are designed to be very accessible to a broad range of exp

  • Professional Skills Training - London (10 June 2020)

    Staple Inn, High Holborn, London WC1V 7QJ       
    10 June 2020

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • Professional Skills Training - Edinburgh (17 June 2020)

    IFoA (Edinburgh), Level 2, Exchange Crescent 7 Conference Square Edinburgh EH3 8RA
    17 June 2020

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • Professional Skills Training - London (18 June 2020)

    Staple Inn, High Holborn, London WC1V 7QJ   
    18 June 2020

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • Pensions Conference 2020

    Renaissance Manchester City Centre Hotel, Blackfriars Street, Manchester,M3 2EQ
    18-19 June 2020
    Spaces available

    Join us as this year’s conference that will focus on topics including  funding and savings, pension law current issues, ESG, the end game and transferring risk, investment issues, data visualisation and data science.

  • IFoA Asia Conference 2020, Kuala Lumpur

    CCEC Nexus, 7, Jalan Kerinchi, Bangsar South, 59200 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
    24-25 June 2020
    Spaces available

    Join us at the IFoA Asia Conference 2020 at CCEC Nexus, Kuala Lumpur where intellectual thought leaders, senior industry players, opinion formers, academics, actuaries and non-actuaries from across Asia and beyond are expected to attend. This year's landmark conference promises to an exciting one as our first Asian President-elect, Tan Suee Chieh will, as newly appointed president of the IFoA, use his presidential address to highlight the two key pillars of the IFoA’s emerging strategy:

    • the reinvention of the profession in terms of its skillsets and mind-sets so that we can thrive in an increasing range of domains in a digital age;
    • the widening application of actuarial science in achieving social impact and sustainability goals.

    Early registration discount is now open until 1 April.  10% group discounts are offered to a minimum of six IFoA booking in a single transaction. This also applies to ASM members.  Limited spaces are available, so please sign-up early to avoid disappointment.