Changes to to the Actuarial Qualification Scheme – Part 7

The IFoA currently have individual agreements with the various colleges regarding a student’s ability to gain exemptions from the current CT and in some cases the CA1 exam. It is not clear how these agreements will be affected by the new study scheme going forward.

Students graduating from college actuarial courses who are granted exemptions under the current scheme will need to apply for their exemption by no later than February 2019.

There is speculation that the exam fees are also likely to change as a result of the new curriculum and of course some of the materials will now be out dated.

HR departments in all organisations will need to review both their study schemes, study budgets and reward schemes accordingly.