A
almost_there
Member
Hi everyone, the latest unwelcome development is that the IFoA are taking away the Work Based Skills exemption for those of us who joined the profession before June 2004. This has been sneaked into the curriculum change, by subjecting us to PPD.
For all this time we've been on the understanding that to qualify required passing the examinations but now they are adding this extra burden. They are moving the goalpost and making qualification harder to obtain.
I can see no good reason for this development. Those of us who've joined prior to June 2004 will have worked in actuary for a long time and should continue to be exempt from this requirement.
This could also constitute indirect age discrimination.
The IFoA are not answering my questions on these matters, so if they've provided an explanation to anyone else of who made this decision and why then please share it here.
It's about time actuaries found a backbone and stood up to these increasingly unnecessary requirements and shifting the goalposts from the IFoA.
I expect there will be people who will now end up passing the last exam but will be denied qualification as the IFoA will demand PPD and a Fellow sign-off. Not everyone who gets their final exam pass result will necessarily be in a role where this is possible.
For all this time we've been on the understanding that to qualify required passing the examinations but now they are adding this extra burden. They are moving the goalpost and making qualification harder to obtain.
I can see no good reason for this development. Those of us who've joined prior to June 2004 will have worked in actuary for a long time and should continue to be exempt from this requirement.
This could also constitute indirect age discrimination.
The IFoA are not answering my questions on these matters, so if they've provided an explanation to anyone else of who made this decision and why then please share it here.
It's about time actuaries found a backbone and stood up to these increasingly unnecessary requirements and shifting the goalposts from the IFoA.
I expect there will be people who will now end up passing the last exam but will be denied qualification as the IFoA will demand PPD and a Fellow sign-off. Not everyone who gets their final exam pass result will necessarily be in a role where this is possible.
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