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 have until December 2023 to pass and claim their exemptions. These will be mapped to the corresponding subjects in the new curriculum.
HR departments in all organisations will need to review both their study schemes, study budgets and reward schemes accordingly.