Issue with CM2A exam questions

16 April 2024

Following the Economic modelling (CM2A) exam on Monday 15 April, candidates raised concerns about some of the questions within the exam paper.  

We want to reassure you that we have taken this feedback on board and have undertaken an investigation into the alignment of all questions to the CM2 2024 syllabus, with a particular focus on questions 1 (ii) and (iii), and question 5. 

All questions have been reviewed by the IFoA examining team and we can confirm: 

  • Question 1 (ii) and (iii) assess a removed objective (1.3 of the 2023 syllabus) 
  • Question 5 assesses syllabus objective 2.1 of the 2024 syllabus, Measures of Investment Risk

We understand how important our examinations are to you and apologise that on this occasion an error was identified with question 1 (ii) and (iii). 

If an error or ambiguity is identified with an exam paper, we will take this into consideration during the marking process to ensure candidates are not disadvantaged. Should mitigating action be required, it is proposed and ratified by the Board of Examiners before results are published.   

Full information will also be provided in the Examiner’s report.