The IFoA’s new Practising Certificates (PC) Scheme comes into effect on 1 December. It introduces more flexibility into the process for applicants and takes a more proportionate approach, with less focus on the annual renewal process.
The new approach moves to a competency-based criteria, promoting a more effective, fair and inclusive process for members looking to obtain and retain a PC.
Find more information on the new scheme, together with the PC Handbook, new application forms and example applications, at bit.ly/3ENDFku.The IFoA has also produced guidance to assist current and future PC holders in completing their application.
The format of the UK Practice Modules (UKPM) is changing to an online workshop. The updated resources will be available from 1 December and further detail can be found at bit.ly/3S6uq1F
Information about transitional arrangements for existing PC Holders and non-PC Holders who have sat the current UK Practice Modules is also available on the PC pages of the IFoA’s website, together with a list of FAQs about the new scheme.
We welcome any questions about the new scheme and application process – get in touch at [email protected]