Chartered Actuary Fellow
Issued by
Institute and Faculty of Actuaries
Fellowship is the highest level of qualification attainable with the Institute and Faculty of Actuaries (IFoA) and members who achieve Fellowship are highly sought after as experts in their chosen field. Fellowship is available to members who wish to continue their studies to an advanced level, or to specialise in a particular actuarial field.
- Type Certification
- Level Advanced
- Time Years
Earning Criteria
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IFoA Fellows must: pass 10 actuarial “Core Principles and Practices” exams; 2 “Specialist Principals” exams and 1 “Specialist” exam; complete and log 36 months practical work experience; complete three professionalism courses; maintain annual Continuing Professional Development and adhere to the Actuaries’ Code.
Standards
Members must: act honestly and with integrity; show respect for others in the way they conduct themselves; and respect confidentiality, at all times. Behaviour out with a Members professional life can also have a bearing on the profession and the principle therefore applies to a Member’s personal life too.
Members must: carry out work competently and with care; have an appropriate level of relevant knowledge and skill; continue to develop their knowledge and skills; consider whether input from other professionals or specialists is necessary.
Members must: ensure their professional judgement is not compromised, and cannot reasonably be seen to be compromised, by bias, conflict of interest, or the undue influence of others; take reasonable steps to ensure they are aware of any relevant interests that might create a conflict; not act where there is an unreconciled conflict of interest.
Members must: comply with all relevant legal, regulatory and professional requirements; take reasonable steps to ensure they are not placed in a position where they are unable to comply; disclose to the IFoA any adverse final determination by a regulatory body, a court finding of fraud or dishonesty, or a conviction of a criminal offence.
Members: should speak up if they believe, or have reasonable cause to believe, that a course of action is unethical or is unlawful; must take reasonable steps to ensure users are aware of any substantial issues with a piece of work for which they are responsible.
Members must communicate appropriately, in a timely manner, clearly, and in a way that takes into account users. This also entails taking responsibility for your own work and ensuring care in use of the media.