I called the IFoA directly and they said that I could sit the FAP and get exemption from CP1 and based on what was written on the website that seemed to suggest the same. I sent an email just to confirm and I got some longwinded response saying that they could not confirm at this time, but I "MAY" be exempt... When I pressed and asked why I couldn't get a straight answer I was told that they just werent sure as CP1 was a new module and the past exemption was for CA1 (even though they are virtually the same)
Why even announce that you even have this transitional period in the first place? Also this seems to suggest that no other actuarial bodies examinations can act as exemption because the whole IFoA syllabus has changed, and every exemption was based on CT's/CA's etc from the old syllabus. It's truly infuriating... give a clear answer.
Last edited by a moderator: Aug 31, 2019