The IFoA is pleased to announce that it has been agreed that we will be offering one final opportunity for Certified Actuarial Analyst (CAA) qualified members to sit the Pathway Examinations in April 2026.
Originally announced in December 2024, the pathway exams were introduced as a time-limited route for CAA-qualified members to gain exemptions from two IFoA subjects, with sittings offered in April and September 2025.
In response to member feedback and in recognition of the significant changes introduced ahead of the April 2025 exam session we are extending this opportunity with a final sitting in April 2026.
CAA-qualified members may sit one or both of the following assessments:
Each pathway exam is independent. Success in either assessment will grant an exemption from the corresponding IFoA subject.
Candidates are expected to prepare using the full syllabus and Core Reading for CM1 and/or CS1.
To be eligible, candidates must have completed the full CAA qualification. This pathway is available for a limited time only, with the final sitting scheduled for April 2026.
These exams cannot be booked through the usual exam booking system.
To register your interest and begin the process, please contact Member Services directly at memberservices@actuaries.org.uk
We recommend contacting Member Services as early as possible during the entry window to secure your place.
This final sitting offers CAA-qualified members a last opportunity to gain exemptions through the pathway initiative. Thank you to all members whose feedback helped shape this extended access.
For any further questions, please contact memberservices@actuaries.org.uk.
You can opt to join the Institute and Faculty of Actuaries (IFoA), based in the United Kingdom or the SOA Center for Certified Actuarial Analysts, a subsidiary of the Society of Actuaries (SOA), based in the United States.
Having qualified as a CAA and gained some valuable work experience, you may wish to consider embarking on an actuarial career by undertaking the professional IFoA examinations through to Associate and Fellow.
The study that you have undertaken will prepare you for the core principle subjects, particularly the Actuarial Statistics (CS) and Actuarial Mathematics (CM) subjects, which we suggest you should attempt first.
The IFoA has developed a pathway to provide an opportunity to gain some exemptions from these two subjects. This involves some additional formal assessments to ensure that material not studied during your CAA has been appropriately covered.
If you wish to continue with your professional studies and qualify as an actuary, through the IFoA examination route the following exemptions are available to you during the April and September 2025 exam sessions (only):
These pathway assessments are available to you during the April and September 2025 exam sessions.
Booking for these assessments will open at the same time as IFoA exam bookings. Further information can be found on the key dates webpage. Please contact the Member Service team to book your space for these pathway exams.
Fees:
Please view our membership page on gaining Certified Actuarial Analyst membership to understand how to become a member of the IFoA now that you are qualified.
CAA Administration Team
CAA Global, c/o Institute and Faculty of Actuaries, Belsyre Court, 1st Floor, 57 Woodstock Road, Oxford, OX2 6HU