Actuaries Work Based Skills Essays On Love

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Transition principles for qualifying before 1 September 2018:

  • If you wish to qualify before 1 September 2018, you can complete the current WBS requirements (Associate 12 months; Fellow 36 months). No PPD recording will be required and your completed WBS documentation must be received before 1 September 2018.
  • Once you’ve submitted your WBS before the deadline, the standard procedure to transfer to the status of Associate or Fellow will apply.

For example:

Joining datesYour qualifying exam sessionQualifying qualificationWBS requirementPPD requirementLast date WBS submission required (PPD from this point)
May 2014September 2017Fellow36 months0 months1 September 2018

If you are unable to submit your completed WBS documentation by 1 September 2018, you will be required to follow the transition principles set out below.

Transition principles 1 September 2018 onwards: 

  • If you wish to qualify as a Fellow on or after 1 September 2018 you will be required to submit a combination of both WBS and PPD documentation to complete the minimum of 36 months experience overall.
  • The tables and examples below will demonstrate the transition from WBS to PPD in the two year period between September 2018 and September 2020 for qualification as a Fellow.

Transition from WBS to PPD for Fellows, September 2017 exam diet onwards

Month when the work experience is submitted for Fellowship qualificationNumber of months of WBS expectedNumber of months of PPD expectedMinimum total number of months required
September 2017 - August 201836 months0 months36 months
September 2018 - August 201924 months12 months36 months
September 2019 - August 202012 months24 months36 months
September 20200 months36 months36 months
  • If you complete your qualifying exams, you will only be required to complete 36 months of PPD.
  • Details of what will be required from your PPD submission will be published later on this month.

If you joined the Institute and Faculty of Actuaries (IFoA) between 1 July 2004 and 31 August 2017 and wish to qualify as an Associate your work based skills documentation will be accepted until 31 January 2019. After this date a minimum of 12 months PPD will be required.

Work experience submitted (Associate)

Month when the work experience is submitted for Associate qualificationNumber of months of WBS expectedNumber of months of PPD expectedMinimum total number of months required
September 2017 - January 201912 months0 months12 months
February 2019 - September 20190 months12 months12 months

If you joined the Institute of Actuaries prior to 1 July 2004 and were required to complete the 3 years work experience then the following principles apply to you.

Transition principles if you wish to qualify before 1 February 2019:

  • If you wish to quality as a Fellow before 1 February 2019 after passing your final exams you can complete the current work experience requirements (Fellow 3 years). No PPD recording will be required and your completed work experience documentation must be received by 31 January 2019.
  • Once you've submitted your work experience,  the standard procedure to transfer to the status of Associate or Fellow will apply.
  • If you are unable to submit your completed work experience documentation by 31 January 2019, you will be required to follow the transition principles set out below.

Transition principles from 1 February onwards:

  • If you wish to qualify as a Fellow on or after 1 February 2019 you will be required to submit a combination of both work experience and PPD documentation to complete the minimum requirement of 36 months experience overall. The tables below will demonstrate the transition from work experience to PPD in the period between February 2019 and September 2020 for qualification as a Fellow.

Work experience submitted (Institute joiner prior to 1 July 2004)

Month when the work experience is submitted for Fellowship qualificationNumber of months of work experience expectedNumber of months of PPD expectedMinimum total number of months required
September 2017 - January 201936 months0 months36 months
February 2019 - August 201924 months12 months36 months
September 2019 - August 202012 months24 months36 months
September 20200 months36 months36 months

Work experience submitted (Associate) (Institute joiner prior to 1 July 2004)

Month when the work experience is submitted for Associate qualificationNumber of months of work experience expectedNumber of months of PPD expectedMinimum total number of months required
September 2017 - January 201912 months0 months12 months
February 2019 - September 20190 months12 months12 months

If you joined the Faculty of Actuaries prior to 1 July 2004 and had no work experience requirements then you will be required to start completing PPD from the month you joined the Faculty. For example if you joined the Faculty of Actuaries in July 1999 then you would start to complete the PPD requirements from July 2018 and carry on completing experience in PPD until you are ready to become either an Associate or Fellow.

Contact Details

Education Services Team

education.services@actuaries.org.uk

Institute and Faculty of Actuaries, 1st Floor, Park Central, 40/41 Park End Street, Oxford, OX1 1JD

+44 01865 268207

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