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The Actuary The magazine of the Institute & Faculty of Actuaries

CT1 for non-members a great success

In September there were 118 entries from non-members applying to take CT1 (Financial Mathematics), a big increase from the 73 who applied at the first time of offering in April 2009. In both cases, the entries were from UK students only, as the introduction was on a pilot basis. At its recent meeting, the Education Committee agreed to extend the offer to include overseas students for the April 2010 exam diet onwards.

This offer enables those considering signing up as a student member to take the first exam on a trial basis before finally deciding, or to use this subject as CPD for those who work with actuaries. While the pass rate, as expected, has been lower than for regular students, a pleasing number of candidates did pass and many have now become student members.

The extension of the offer to overseas candidates continues the attempt to make the profession more accessible to potential entrants.