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Changes to IFoA Competency Framework for a CDC Scheme Actuary Practising Certificate

2 June 2026

The IFoA has updated the competency framework for a CDC Scheme Actuary Practising Certificate.

The changes follow the Department for Work and Pensions (DWP) consultation on proposals to extend CDC arrangements to unconnected multi-employer CDC schemes, with the new regulations due to come into effect on 31 July.

 

Updates to the CDC Scheme Actuary Competency Framework

No changes have been made to the overall structure of the framework. The updates clarify and extend existing competencies to reflect the next phase of CDC scheme implementation.

The updated Competency Framework now includes unconnected multi-employer arrangements, while ensuring that expectations remain proportionate. 

The changes include: 

  • Clarification of expectations around understanding the legal, regulatory and operational distinctions between different CDC models and the implications for actuarial advice,
  • Greater emphasis on professional judgement, accountability and independence.
  • Strengthened requirements around knowledge, awareness and understanding, and 
  • Clarification of expectations in areas such as actuarial equivalence and fair treatment of different member groups. 

These changes are effective immediately.

You can find the revised CDC Scheme Actuary Competency Framework in the updated Practising Certificates Handbook on our practising certificates webpage.