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QAS CPD Scheme

From 1 September 2020 the Institute and Faculty of Actuaries (IFoA) has made an outcomes-focused Continuing Professional Development scheme an option available to all organisations accredited under our Quality Assurance Scheme (QAS)

The QAS Handbook has been updated to reflect the changes and a Scheme Guide has been produced.  The Annual Return Form will also be updated so that an update on related policies and procedures can be provided to the IFoA at the appropriate time.  Review and Interim visits for organisations choosing to participate in the QAS CPD Scheme will include a review of the associated policies and procedures, which will usually relate to Training and Development of members. 

We have produced a set of Questions and Answers 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.

For more information on the Scheme please see the QAS CPD Scheme Guide. 


If your organisation would like to join the QAS CPD Scheme please email qas@actuaries.org.uk with a list of your IFoA members and we will send you a participation agreement and ensure that member records are up to date.

If you have any questions about the scheme please get in touch via the same email address qas@actuaries.org.uk.

QAS CPD Scheme - Question and Answer
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 during 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.

Can I have non practising status if my firm has opted in to QAS CPD?

There is no need for a member to apply for non practising status because it is entirely up to them/their employer what CPD, if any, they should complete.  If you are not practising as an actuary it is likely that any training and development will relate to your specific role, which is entirely acceptable under the QAS CPD Scheme.

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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