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The Actuary The magazine of the actuarial profession
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Professional

  • Nick Salter - President's comment Big plans in a small worldIncreasing globalisation means sharing actuarial knowledge and practice, says Nick Salter 02 October 2014
  • AOTF OCTOBER Actuary of the future - OctoberCraig Moran of First Actuarial Pensions 02 October 2014
  • Actuary New routes to marketAlec Innes, Albert Shamash, Stephen Birch and Ross Evans explore the benefits and challenges of collaboration with a bank for an insurer to gain access to long-dated loan markets 02 October 2014
  • Steve Groves Sweeping changeIn light of the major pension reforms introduced in this year's Budget, Steve Groves, an actuary and chief executive officer at Partnership, speaks to Jonathan Lim about the impact on the UK annuity market and future trends 02 October 2014
  • Balancing coins The tipping pointIt has been a busy year for longevity swap transactions. Martin Lockwood asks whether capacity in this market has now been reached, and shares his thoughts on how UK pension schemes can prepare for such transactions 02 October 2014
  • Woman_iStock Glass ceilings: a self-fulfilling prophecy?Tracey Zalk provides a review of the Women in Energy conference 02 October 2014
  • October student Fail-safe your futureMost actuaries at some point will have experienced the low of failing an exam. Jessica Elkin offers some words of encouragement 02 October 2014
  • Stephen Soper Soapbox: Joining the dotsAn integrated approach to managing pension risk is vital, says Stephen Soper 02 October 2014
  • Graph- Shutterstock A copula approach to volatility index in IndiaChinnaraja Chendur Pandian provides an overview of measuring volatility in India 16 September 2014
  • European Union flag UK gets key EU portfolio for insurance and pension regulationUK politician Lord Hill is set to be handed a senior economic post in Brussels, which will include responsibility for the new Solvency II regulations for the insurance industry, by European Commission President-elect Jean-Claude Juncker. 10 September 2014
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UK Actuarial Profession qualifications

Actuarial student
The aim of the actuarial education strategy is to equip the actuaries of the future with the skills they will need for their employers and clients. All exam subjects can be taken by well-established distance learning methods, but the Institute and Faculty of Actuaries also makes use of university-based education.
 
Associate
Students can become Associate members of the Institute and Faculty and gain the right to describe themselves as an actuary and to use the letters AIA or AFA.
As an actuary and an Associate of the Institute and Faculty, members have a breadth of expertise that brings wide and varied opportunities.
 
Fellow
Members of the profession who wish to continue their studies to an advanced level, or who specialise in a particular actuarial field, may take further specialist exams to qualify as a Fellow. Fellows use the letters FIA or FFA and are highly sought after as experts in their chosen field.
 
Chartered Enterprise Risk Actuary
CERA is a global risk management qualification which the UK Actuarial Profession is accredited to award to members who meet certain criteria. It aims to address the urgent need for highly-qualified risk management professionals worldwide, especially in the financial sector.
 
Affiliate
Affiliates have the same rights and privileges as Honorary Fellows except that an annual subscription is payable and they are not entitled to use designatory letters.

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