SP9 FAQs

Discussion in 'SP9' started by David Wilmot, Dec 14, 2018.

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  1. David Wilmot

    David Wilmot ActEd Tutor Staff Member

    This thread contains the Subject ST9/SP9 questions asked most frequently by students, with answers written by ActEd's tutors. Each year, as appropriate, we'll incorporate questions and solutions into the study material.

    This thread was updated on 12 December 2018

    If you have any questions please use this forum, or email SP9@bpp.com

    What is SP9?


    SP9 is the Enterprise Risk Management Specialist Principles subject. It was first examined (as ST9) in April 2010.

    Should I take SP9?

    Many students are considering whether or not to take SP9. Here are some frequently asked questions and other thoughts to help you decide.

    What resources are available?

    ActEd have designed a course, based around the set textbooks and papers, that is intended to guide students through these references, summarising the main points and providing a wide range of questions.

    As for other subjects, there are a complete set of Course Notes, Series X Assignments, and a Mock Exam. A set of Flashcards has also been produced.

    There are past papers for ST9/SP9 since April 2010. ASET is available for most of these papers. There is also a specimen paper for Subject ST9. All the papers are all available from the Profession's website.

    For those willing to do the research, there are lots of resources available online and plenty of other ERM books to read.

    Is SP9 more or less work than other subjects?

    The Profession designs the syllabuses for the SP subjects to be broadly comparable in terms of breadth and depth required. Therefore, we expect the work required for SP9 to be at least as much as for any other SP subject (although bear in mind that across the text books and additional reading material, there’s certainly a lot to read).

    How much maths is there?

    Approximately one-third of the course contains a significant element of maths. You need to be comfortable with studying applied mathematics. Topics covered include copulas, time-series, extreme value theory and complex probability distributions.

    Does SP9 help my career prospects?

    Only you can decide this. It depends on where you want to go.

    Taking SP9 may be a sound second choice alongside a more specialised SP subject. What you learn in SP9 can be applied in any area of work.

    Alternatively, you may want to take SP9 if you plan to follow a more generalist route or plan to work in risk management in future. If your ambition is to be a CRO, then SP9 is a good choice.

    Will I get any other qualification?

    Passing SP9 – in conjunction with the majority of the earlier subjects – will lead to you gaining the globally recognised CERA qualification. This may be of interest to you if you wish to work in risk management in the future (or simply like collecting qualifications!). For exact details see the Profession's website.

    Where can I find out more?

    https://www.actuaries.org.uk/studying/curriculum-2019/enterprise-and-risk-management
     
    Mazvita Ndawana likes this.
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