To gain Associateship you will need to complete the core principles and core practical examinations and a minimum of 24 months of PPD obtaining a minimum of 15 credits overall plus 2 formal learning hours per year. Once you have become an Associate and you wish to continue to Fellowship you will be able to continue your studies by completing the specialist examinations and a further 1 year of PPD.
Members may still sit any examination in any order, however, they must achieve the Associate award before Fellow. Once Associate membership is confirmed, a further 1 year (12 months) must be recorded in PPD before an application to Fellow is made.
Please see the table below for full details on how much PPD you will need.
|PPD for joiners after 2019||Minimum number of months PPD required||Number of credits required||Minimum credits per year||Hours of formal learning activity per year and total|
|Fellow||36 (12 additional months of PPD recording from when Associate Membership is confirmed)||20 (5 additional)||3||2 hours|
There was support for this from employers, industry bodies, other national actuarial associations, as well as from Students and Associates.
These responses played a decisive role in the IFoA Council coming to the following decisions:
Changes were introduced from the 2 January 2019 to accompany the introduction of Curriculum 2019 which means that all students: