To ensure the standard and accuracy of student’s records, the IFoA conducts regular audits of PPD that have been submitted. You will be eligible to be selected for an audit at any point during your student journey and may be subject to multiple reviews during this time. You should keep evidence or proof of how you met the competencies until you have been confirmed as a Fellow or Associate. You should also keep the details of your supervisor so they may be contacted to verify your submissions.
If your records are deemed not to be of an appropriate standard or if you have failed to record the minimum number of credits and formal learning hours, you may lose a years’ worth of work experience and this may not be counted towards your qualification. Once your PPD deadline has passed, you cannot add to or amend your record of work experience for the previous year.
All students will receive a final review of their PPD records at the point of qualification.
There may be a reason why you cannot complete your annual PPD requirements, you should contact the IFoA as soon as possible to discuss your situation.
Reasons may include:
If you need an exemption in your PPD you should contact Member Services before your annual deadline date to record this. You can only record up to one year at a time so you may need to contact us on multiple occasions even if the circumstances are the same.
Failure to contact us to apply for an exemption prior to your annual deadline date will be deemed as non-compliance with PPD requirements and will incur a £50 admin fee.
If you are an Associate and do not intend on progressing to the Fellowship qualification, you should contact us to opt-out of PPD indefinitely, however you will be unable to book onto examinations. Any Associate that wishes to book onto an exam must record a minimum of 12 months of PPD before they are able to opt-out again.
If you have been exempt from PPD for more than three consecutive years you will need to complete PPD for a minimum of one additional year before you can qualify. The longer you have been exempt the more additional years you will need to record. This ensures the work you have completed is current and relevant to actuarial practice.
If you have any questions about membership please email us or call us on +44 (0) 131 240 1325. Response times can be found in our membership FAQs.