Skip to main content
The Actuary: The magazine of the Institute and Faculty of Actuaries - return to the homepage Logo of The Actuary website
  • Search
  • Visit The Actuary Magazine on Facebook
  • Visit The Actuary Magazine on LinkedIn
  • Visit @TheActuaryMag on Twitter
Visit the website of the Institute and Faculty of Actuaries Logo of the Institute and Faculty of Actuaries

Main navigation

  • News
  • Features
    • General Features
    • Interviews
    • Students
    • Opinion
  • Topics
  • Knowledge
    • Business Skills
    • Careers
    • Events
    • Predictions by The Actuary
    • Whitepapers
  • Jobs
  • IFoA
    • CEO Comment
    • IFoA News
    • People & Social News
    • President Comment
  • Archive

Topics

  • Data Science
  • Investment
  • Risk & ERM
  • Pensions
  • Environment
  • Soft skills
  • General Insurance
  • Regulation Standards
  • Health care
  • Technology
  • Reinsurance
  • Global
  • Life insurance
Quick links:
  • Home
  • The Actuary Issues
  • December 2013
12

CPD: How professional skills training fits in

Open-access content 28th November 2013

Experienced members of the IFoA must complete at least two hours of learning focused on professional skills training (PST) each year. Here's how that obligation fits with your wider continuing professional development (CPD) requirements


What are professional skills? 

The aim of PST is to enhance members' understanding of their professional obligations and the principles of ethical behaviour and to equip them to apply that knowledge in practice.


How do I meet my CPD and PST obligations?

It's important to note that under the PST you don't need to complete two extra hours of CPD each year: the two PST hours will count towards your overall CPD requirement.


Category 1 members

Experienced members who hold practising certificates are expected to complete 30 hours of CPD each year. Of those:


? 20 hours must relate to technical issues (10 of which must be obtained at external events);

? A minimum of two hours are focused on professional skills, in accordance with Stage 3 of the Professional Skills Training Handbook; and

? At least four hours of learning is related to either business skills and/ or additional professional skills. Business skills are those wider, non-technical skills that may be required no matter what role you carry out and may include management, staff development and IT training.


Category 2 members

Most Category 2 members must complete between 15 and 20 hours of CPD, depending on the types of activities you choose to undertake. 

If you have reached Stage 3 of PST, two of those hours must relate to professional skills. If you have not completed Stage 2, you will be expected to do so within a year of transferring to the category of Fellow or Associate. Beyond this framework, you are free to select a mix of learning on technical and professional skills relevant to your role. 


Professional skills learning

The IFoA has produced a number of video case studies that have been designed to meet the Stage 3 objectives set out in the Professional Skills Training Handbook. 

These case studies include discussion in the form of character interviews. You can access the videos via the professional skills training area of the website. 

Any learning that meets the Stage 3 objectives set out in the Professional Skills Training Handbook will, however, qualify as professional skills learning.

Please do ensure that you read and familiarise yourself with both the CPD scheme and the professional skills training regime, which can be found on our website. 

 If you have any questions about requirements for professional skills training, please email [email protected]

This article appeared in our December 2013 issue of The Actuary.
Click here to view this issue
Filed in:
12
Share
  • Twitter
  • Facebook
  • Linked in
  • Mail
  • Print

Latest Jobs

Senior Actuarial Analyst, Reserving

London (Central)
Up to £75,000
Reference
118759

Actuarial Analyst, Reserving

London (Central)
Up to £40,000
Reference
118758

Student Pricing Actuary

London (Central)
£45,000 - £55,000
Reference
118764
See all jobs »
 
 

Most-Popular

 
 
 

Sign up to our newsletter

News, jobs and updates

Sign up

Subscribe to The Actuary

Receive the print edition straight to your door

Subscribe
Spread-iPad-slantB-june.png
​
FOLLOW US
The Actuary on LinkedIn
@TheActuaryMag on Twitter
Facebook: The Actuary Magazine
CONTACT US
The Actuary
Tel: (+44) 020 7880 6200
​

IFoA

About IFoA
Become an actuary
IFoA Events
About membership

Information

Privacy Policy
Terms & Conditions
Cookie Policy
Think Green

Get in touch

Contact us
Advertise with us
Subscribe to The Actuary Magazine
Contribute

The Actuary Jobs

Actuarial job search
Pensions jobs
General insurance jobs
Solvency II jobs

© 2020 The Actuary. The Actuary is published on behalf of the Institute and Faculty of Actuaries by Redactive Publishing Limited, Level 5, 78 Chamber Street, London, E1 8BL. Tel: 020 7880 6200