11 November 2024
The IFoA has introduced chartered designations for Fellow and Associate members.
Chartered status is already well established in other professions. Over the last few decades, increasing numbers of actuaries have moved into roles outside the traditional practice areas of insurance and pensions. We believe the introduction of chartered status will help better communicate the level of training, professionalism and range of expertise actuaries bring to the table.
Anyone carrying out actuarial work may call themselves an actuary, regardless of their qualifications. Chartered status is legally protected, however. The IFoA is the only actuarial body in the world awarding chartered status to actuaries. As such, only someone who is a qualified, current member of the IFoA will be able to call themselves a Chartered Actuary.
Chartered designation retains the essential distinction between Fellows and Associates, in both long-form title and post-nominals. As before, Associateship recognises qualification as an actuary at a generalist level, and Fellowship remains our ‘gold standard’ qualification.
The chartered status of IFoA Fellows and Associates can be recognised through the use of the designation Chartered Actuary (Associate) or Chartered Actuary (Fellow), and the post nominals AIA C.Act or AFA C.Act for Associates, and FIA C.Act or FFA C.Act for Fellows.
Fellows and Associates can find out how to adopt chartered status on the Chartered Actuary for members webpage.
Meet IFoA Fellows and Associates who have adopted chartered status to increase recognition of their training, professionalism and expertise.