There were some excellent points raised in the article on CA3 (The Actuary, August 2014), with which I wholeheartedly agree. I am on my third attempt and, although I've attended the expensive exam counselling, I'm still not clear on why I'm failing.
I'd really like to know why it takes three months to mark this exam. Effectively this means that failing CA3 delays qualification for six months, as you then need to wait another three months to find a space on another sitting.
If I worked for the IFoA, I'd keep the pass rate as low as possible in order to keep forcing people to cough up the extortionate exam fee.
Andrew Wilson 15 August 2014
See article on CA3 on page 11
The editor welcomes readers' letters but reserves the right to edit them for publication. Please email [email protected]. The deadline for receiving letters for the September issue is 17 September 2014.