Stick with ASSA or move to IFoA?

[almost_there]

Between then and now I have decided to stick with ASSA. Purely based on the fact that if I were to switch to IFoA, I would have to for out around ZAR 30k to get the exemptions for the CT exams I have already written and passed, which I find pointless given that these are IFoA coordinated exams. Although I do realise that they are separate bodies etc.

I wonder how IFoA justify exemption fees with overseas bodies they have mutual recognition with? I don't think those using mutual recognition have to pay exemption fee for each exam, they just get recognised.

 

[Bidza]

I have another question: were I to write
subjects ST5(investments A) and ST6(investments B) through IFoA, would I then effectively be exempt from two F100’s through ASSA?

You would only be exempt from writing the F100s once you qualify as a fellow from the IFOA. If you were to transfer your credits the ST passes would not be recognized and you would have to write the F100s. The only ST pass that can be recognized before you become a fellow is ST9.

 

[Infinity]

Hi all,

Taking a chance here as I see there has not been much activity here in the last two years or so.
As the title reads, I am in a bit of a pickle as to whether I should keep my membership with ASSA and continue to write these exams or move my membership to the IFoA?
I have recently completed my last two CT's and hopefully I would have passed these. The problem now becomes that I will have to write CA1 and communications in the year to come. And thereafter start with the F-series (ST's and SA's). The problem for me is that I do not see any revision material etc offered for the ASSA exams which I feel could be a downfall while studying for these specialist exams. As I understand it, exam technique is even more important when it comes to these exams and I feel products such as ASET, flashcards etc can definitely help in my exam preparation.
I wanted to find out from you that may have experienced the same and whether you felt this was a problem or not?
My biggest concern about switching to the UK based exams is that there may be legislation etc that I will not be too familiar with having not practiced or stayed there?

Any advice on what to do will be hugely appreciated.

what is the Point of continuing if the IFoA says that Fellowship is no longer required. They are trying to introduce the chartered actuary qualification and diminish the importance of Fellowship. Having worked for 18 years in the industry, i can't say that the exams and especially the ST and SAs contain anything i didn't know already and i have just wasted my life memorising large chunks of Information for nothing. I would stop and concentrate on your career. Get out of Actuarial, you'll be happier