Learn about practising certificates at the IFoA and how to apply for them
The IFoA operates a Practising Certificates Scheme (PC Scheme) in relation to a number of senior regulated actuarial roles. The categories for which we grant practising certificates (PCs) are:
PCs reflect that the actuary who holds them has demonstrated that they have the necessary competencies to be a PC holder and to potentially carry out one of the roles covered by the PC.
Before applying for a PC, whether an initial application or a renewal, you must read the:
To apply for a PC, you should complete the relevant application form and return it to the PC Team at email@example.com. The forms are:
If you are applying for more than one PC, you can use one application to cover all PC types. Where information provided on the application is only relevant to one of the PCs being applied for, please make this clear on the application.
To help you complete initial and full renewal application forms, please read our guide to completing PC applications (80 KB PDF).
We also have some example initial application forms to guide you, including:
We also have some example full renewal application forms to guide you, including:
The current cost of a PC is £1,040.
You can make payment over the phone, online, or by bank transfer. Please indicate on the application how you would like to make payment.
If you are paying by bank transfer, you can do so using the following details:
|Account name:||Institute and Faculty of Actuaries|
We set out the process for appealing a decision made by the IFoA on a PC application in our appeals process (130 KB PDF).
The Practising Certificates Committee’s annual report should be of particular interest to PC holders, and those who plan to become PC holders. You can read the:
The committee is responsible for considering PC applications and administering our PC Scheme. You can learn more on the Practising Certificates Committee page.