The IFoA has recently published a skill sets framework
The IFoA has recently published a skill sets framework (bit.ly/2ccBDdm). This is designed to assist members, employers and users of actuarial services to identify necessary skills for regulatory approved actuarial roles and, in particular, to guide members in such roles in their CPD choices.
The framework applies to the following roles:
- Scheme actuary
- Chief actuaries
- Actuarial function holder
- The actuary providing an actuarial opinion on the technical reserves of a Lloyd's syndicate
- The with-profits actuary of a with-profits life insurance fund.
As well as a useful guide for current practising certificate holders, the framework may assist actuaries working towards an approved role.
It will also inform the IFoA's regulatory, education and member support functions.
The framework is divided into business skills, knowledge, awareness and understanding, and technical skills, with a breakdown of key skills in each. It has been developed in conjunction with Milliman, with input from current actuaries and users of actuarial advice, such as board members and regulatory bodies.
If you have any questions or comments, please email [email protected]