The Practice Modules are designed to provide candidates with the opportunity to contemplate real-life issues they may encounter as a practising certificate holder.
The Practice Modules are facilitated online workshops based around relevant case studies. Candidates are required to attend an online workshop relevant to their particular practice area. The workshops are facilitated by a current (or recent) practising certificate holder in that area.
All workshops are held online, 09:30 to 11:30 UK time. Case studies are made available to delegates at least five working days before the workshop is due to start.
On this page you can find:
The Practice Module core reading and online workshops are available for:
There are workshops on:
There are workshops on:
There are workshops on:
There are workshops on:
There are workshops on:
There are workshops on:
You can book your place through the members’ area.
If you have any questions about booking, please get in touch at practising.certs@actuaries.org.uk
Please note, only Fellows of the IFoA are eligible to attend these workshops.
£155 for eligible members.
If a workshop you would like to attend is fully booked, please let us know you’d like to attend a future workshop by emailing practising.certs@actuaries.org.uk. We will let you know when new dates become available.
Ahead of attending a workshop, you can strengthen your grasp of UK actuarial practices not fully covered in fellowship exams with our comprehensive P2, P3, and P4 core reading materials. Printed copies are available for purchase via our e-shop.
These valuable resources cover specific topics aligned with each module, including:
See full details of how to apply for a practising certificate, including eligibility criteria, which Practice Module to take, and guidance on completing your application. If you intend on applying for a practising certificate, this must be done within two years of successfully completing the applicable Practice Module workshop.
If you are a current (or recent) practising certificate holder and would be interested in facilitating a workshop, please get in touch.
Find out more at Practice Module Facilitator.
The workshop format is an online facilitated group discussion based on a case study.
We expect each workshop to last about two hours and have a maximum of five candidates taking part.
The case study will be made available to delegates at least five days before the workshop is due to start.
Delegates will be expected to review and consider the case study ahead of the workshop.
During the workshop delegates will be given the opportunity to discuss the case study. They will be asked to provide their assessment of the scenario and how they would deal with the scenario they are presented with.
Individuals are expected to:
To successfully complete the workshop, individuals will be expected to:
Delegates can expect to be asked individual questions from the facilitators arising from the group discussions taking place on the day.
Following the workshop, delegates will be informed of the outcome via email.
See Chief actuary case study for life Practice Modules (80 KB PDF)
Please note, this case study is for illustration only. It indicates the general format and style that all the case studies for all the Practice Modules will have.
The details for each case study will be appropriate to the Practice Module the candidate is taking.
You can book your place through the members’ area of the IFoA website. The practising certificates team will be happy to help if you encounter any problems or have any questions.
Yes, a pass in the previous UKPM is not accepted under the current PC Scheme. Therefore, if you are intending on applying for an initial practising certificate, you will be required to successfully complete the applicable workshop before submitting your application to the practising certificates team.
We anticipate that around four hours preparation will be required and half a day set aside for attendance.
All workshops are currently online only.
This is possible, but again depends on demand as candidates seeking to obtain a PC for the first time would take precedent. Helping to facilitate the workshop could offer a development opportunity for existing PC holders.
Core reading materials for P2, P3, and P4 are available for purchase via the IFoA eshop.
If you have any questions about membership please email us or call us on +44 (0) 131 240 1325. Response times can be found in our membership FAQs.