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It defines intended outcomes including modern, relevant syllabus content, removal of outdated material, improved balance across skills and application, focus on competence assessment, and appropriate technology use, alongside governance, consultation scope, and a detailed implementation timeline with new subjects and assessment methods.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/exam/","Exam",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/document/education-strategy-review-north-west-actuarial-society-april-2016/399002/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/education-strategy-review-north-west-actuarial-society-april-2016/399002.png","ImageObject",300,407,{"name":42,"@type":43},"dhado","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-31","2026-09-27",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",11,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"Why does the IFoA need to undertake an education strategy review?","Question",{"text":63,"@type":64},"To ensure qualified actuaries remain fit for purpose over the next ten to fifteen years, to equip IFoA members for wider and more diverse work roles, and to keep the qualification structure up to date with issues facing actuaries internationally.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"What outcomes does the review aim to deliver?",{"text":68,"@type":64},"It focuses on cutting-edge, relevant subject content, removing outdated or duplicated material, balancing technical with softer skills and theory with application, assessing understanding and competence, and using technology appropriately.",{"name":70,"@type":61,"acceptedAnswer":71},"How is the revised qualification being implemented in terms of timeline and assessment approach?",{"text":72,"@type":64},"June 2016 includes council approval of the new syllabus, assessment methods, and exam structure, with formal consultation in July/August 2016. New syllabus and transitional arrangements are published in September 2016, specimen materials follow by May 2017, and the first revised-structure exams are held in April 2019; assessment blends exam-centre paper papers with computer-based options using Excel or R.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},399002,1790871538,{"code":4,"msg":82,"data":83},"success",[84,88,92,95,100,105,110,115,120,123,127],{"id":22,"doc_module":4,"doc_module_name":25,"category_name":85,"show_sort_weight":86,"slug":87},"Story & Novel",90,"story-novel",{"id":26,"doc_module":4,"doc_module_name":25,"category_name":89,"show_sort_weight":90,"slug":91},"Literature",80,"literature",{"id":33,"doc_module":4,"doc_module_name":25,"category_name":29,"show_sort_weight":93,"slug":94},70,"exam",{"id":96,"doc_module":4,"doc_module_name":25,"category_name":97,"show_sort_weight":98,"slug":99},5,"Comic",60,"comic",{"id":101,"doc_module":4,"doc_module_name":25,"category_name":102,"show_sort_weight":103,"slug":104},6,"Technology",50,"technology",{"id":106,"doc_module":4,"doc_module_name":25,"category_name":107,"show_sort_weight":108,"slug":109},7,"Healthcare",40,"healthcare",{"id":111,"doc_module":4,"doc_module_name":25,"category_name":112,"show_sort_weight":113,"slug":114},8,"Research & Report",30,"research-report",{"id":116,"doc_module":4,"doc_module_name":25,"category_name":117,"show_sort_weight":118,"slug":119},9,"Religion & Spirituality",20,"religion-spirituality",{"id":118,"doc_module":4,"doc_module_name":25,"category_name":121,"show_sort_weight":118,"slug":122},"World Cup","world-cup",{"id":124,"doc_module":4,"doc_module_name":25,"category_name":125,"show_sort_weight":124,"slug":126},10,"Lifestyle","lifestyle",{"id":128,"doc_module":4,"doc_module_name":25,"category_name":129,"show_sort_weight":96,"slug":130},19,"General","general",{"code":4,"msg":82,"data":132},{"doc_id":79,"user_id":133,"nickname":42,"user_avatar":134,"doc_module":4,"category_id":33,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":118,"language":140,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":12,"update_tm":144,"read_time":103,"preview_page_count":4},5909893218464,"https://ap-avatar.wpscdn.com/davatar_085a072bc5b1113ac321206ff7593b45","Education Strategy Review North West Actuarial Society 28 April 2016  \nKaren Brocklesby – Registrar Paul King-Consultant Education Actuary  \nApril 2016  \nBackground  \n• The last major IFoA Education changes were introduced in 2005  \n• The nature of the work of actuaries is changing  \n• Other actuarial associations are either planning or currently undergoing a strategic review of their qualification process  \n• The IAA is introducing new Core Syllabus standards which the IFoA must meet  \nWhy undertake a review?  \n• Ensure actuaries who qualify with the IFoA remain‘fit for purpose’ over the next ten to fifteen years  \n• Ensure members of the IFoA are equipped to fulfil wider roles in more diverse areas of work  \n• Maintain the IFoA’s reputation internationally by ensuring our qualification structure is up-to-date with the current issues facing actuaries world-wide  \nWhat will the review accomplish?  \n• Content of subjects is cutting edge and relevant  \n• Removal of outdated, less relevant and duplicated material  \n• Balance between technical and softer skills and between theory and application  \n• Focus on assessing understanding and competence  \n• Appropriate use of technology  \nHow is this review being conducted?  \nOversight and approval of logistical decisions  \nCouncil  \nManagement Board  \nEducation Committee  \nOversight and approval of strategic corporate decisions  \nOversight and approval of business decisions  \nOversight and approval of strategic decisions  \nOversight and coordination of research and proposals (working party members and coordinator)  \nProduction of research and proposals  \n(specialists and executive)  \nTechnical Building Blocks (CT1,3-6, 8 & CA2)  \nBusiness Management (CT2,7,9)  \nCore Application  \n(CA1)  \nCommunication  \n(CA3)  \nPractical Experience (WBS)  \nPractice Boards (ST and SA)  \nApril 2016 5  \nWho are we consulting?  \n• National and international employers  \n• Learning providers  \n• Students (SCF and local actuarial societies)  \n• Accredited universities and universities with ERAs  \n• Experienced volunteers (examiners, markers)  \n• International associations  \n• International Actuarial Association (IAA)  \n• Regulators (FRC)  \n• IFoA national and international membership  \nTimescales  \n\n| June 2016 (2 nd ) | Council approval of new syllabus,\u003Cbr>assessment methods and exam structure |\n| --- | --- |\n| July/August 2016 | Formal consultation with membership and other stakeholders |\n| September 2016 | New syllabus, assessment methods and transitional arrangements published |\n| May 2017 | Core Reading and specimen exam papers published |\n| April 2019 | First exams held under the revised exam structure |\n\nApril 2016 7  \nProposals  \nWhat changes are the IFoA currently considering?  \nApril 2016  \nCore Technical Subjects 1, 3-6 and 8  \nSyllabus Content  \n• Replace six existing subjects with four new subjects  \n1. CS1 Statistical theory and applications 1  \n2. CS2 Statistical theory and applications 2  \n3. CM1 Modelling 1 4. CM2 Modelling 2  \nAssessment Method  \n• Each subject will have:  \n1. Paper based in exam centre  \n– written, 3 hours  \n2. Computer based in office/home – Excel or statistical package ‘R’, 2 hours  \nCore Technical Subjects CS1/2, CM1/2  \n• CS1 Statistical Theory and Applications 1  \n– Rough equivalent: Most of CT3 and some of CT6, with added practical objectives using ‘R’  \n• CS2 Statistical Theory and Applications 2  \n– Rough equivalent: Most of CT4 and CT6 , with added practical objectives using ‘R’  \n• CM1 Modelling 1  \n– Rough equivalent: Most of CT1 and CT5 and a small part of CT4, focusing particularly on deterministic models  \n• CM2 Modelling 2  \n– Rough equivalent: CT8 and small parts of CT1 and CT6,.focusing particularly on stochastic models","cbCaie9zO6GML9fr","https://ap.wps.com/l/cbCaie9zO6GML9fr","pdf",1107089,"English","# Background\n# Why undertake a review?\n# What will the review accomplish?\n# How is this review being conducted?\n## Oversight and approval structure\n# Who are we consulting?\n# Timescales\n# Proposals\n## Core Technical Subjects and syllabus content\n## Assessment method","[{\"question\":\"Why does the IFoA need to undertake an education strategy review?\",\"answer\":\"To ensure qualified actuaries remain fit for purpose over the next ten to fifteen years, to equip IFoA members for wider and more diverse work roles, and to keep the qualification structure up to date with issues facing actuaries internationally.\"},{\"question\":\"What outcomes does the review aim to deliver?\",\"answer\":\"It focuses on cutting-edge, relevant subject content, removing outdated or duplicated material, balancing technical with softer skills and theory with application, assessing understanding and competence, and using technology appropriately.\"},{\"question\":\"How is the revised qualification being implemented in terms of timeline and assessment approach?\",\"answer\":\"June 2016 includes council approval of the new syllabus, assessment methods, and exam structure, with formal consultation in July/August 2016. New syllabus and transitional arrangements are published in September 2016, specimen materials follow by May 2017, and the first revised-structure exams are held in April 2019; assessment blends exam-centre paper papers with computer-based options using Excel or R.\"}]","Education Strategy Review North West Actuarial Society - April 2016 | PDF",1790491012]