Using P0 and P1 for SA1

[Admin]

Originally posted by thaikashaikh:

Dear tutors.
I am in possession of P0 core reading (P0 multiple choice booklet) and P1 Multiple choice booklet, as you
had earlier advised the P1 multiple choice booklet could be used to test the core reading knowledge of
SA1 however please comment on the P0 core reading what section should I read or skip and what about
the multiple choice booklet is that applicable to test SA1 knowledge? kindly clarify
Thanks

 

[Mark Willder]

Dear tutors.
I am in possession of P0 core reading (P0 multiple choice booklet) and P1 Multiple choice booklet, as you had earlier advised the P1 multiple choice booklet could be used to test the core reading knowledge of SA1 however please comment on the P0 core reading what section should I read or skip and what about the multiple choice booklet is that applicable to test SA1 knowledge? kindly clarify
Thanks

The Core Reading for the P1 and SA1 exams are the same, so the P1 Multiple Choice Booklets are an excellent way to revise the key facts. The P1 exam is multiple choice, so the booklets have been set out in the same style. The SA1 exam questions will be in a different format of course, but hopefully the multiple choice questions will be a good way to quickly check your knowledge.

The P0 and P1 courses together make up the UK Practice Module. This is what the profession's Student Handbook says:

"The UK Practice modules are offered in each of the Specialist applications subjects to test knowledge of UK business practice, legislation, regulation and professional guidance notes. Each module is in two parts: the first part is generic to all modules and covers fundamental knowledge of FSA regulation. The second part is subject specific.

A pass in one of the modules is not required for award of the Fellowship qualification but is required to practise in the UK in a reserved role i.e., as an Actuarial Function Holder, With-Profits Actuary, Reviewing Actuary, Peer Reviewer, Scheme Actuary or Lloyd's Syndicate Actuary.

The core reading for the Specialist applications paper will be appropriate for the subject specific part of each module. There is additional core reading to cover the generic part of each module.

Each module will be tested online by a one and a half hour multiple choice paper."

So to pass the UK practice module you need to pass an exam consisting of P0 and P1. P0 has its own Core Reading and its own Multiple Choice Booklet. However, the P0 material will not be tested in the Subject SA1 exam.

I hope this helps to clarify how the exams fit together.

Best wishes

Mark

 

[thaikashaikh]

Thanks

Thank you very much for the reply mark it is clear now

​

The Core Reading for the P1 and SA1 exams are the same, so the P1 Multiple Choice Booklets are an excellent way to revise the key facts. The P1 exam is multiple choice, so the booklets have been set out in the same style. The SA1 exam questions will be in a different format of course, but hopefully the multiple choice questions will be a good way to quickly check your knowledge.

The P0 and P1 courses together make up the UK Practice Module. This is what the profession's Student Handbook says:

"The UK Practice modules are offered in each of the Specialist applications subjects to test knowledge of UK business practice, legislation, regulation and professional guidance notes. Each module is in two parts: the first part is generic to all modules and covers fundamental knowledge of FSA regulation. The second part is subject specific.

A pass in one of the modules is not required for award of the Fellowship qualification but is required to practise in the UK in a reserved role i.e., as an Actuarial Function Holder, With-Profits Actuary, Reviewing Actuary, Peer Reviewer, Scheme Actuary or Lloyd's Syndicate Actuary.

The core reading for the Specialist applications paper will be appropriate for the subject specific part of each module. There is additional core reading to cover the generic part of each module.

Each module will be tested online by a one and a half hour multiple choice paper."

So to pass the UK practice module you need to pass an exam consisting of P0 and P1. P0 has its own Core Reading and its own Multiple Choice Booklet. However, the P0 material will not be tested in the Subject SA1 exam.

I hope this helps to clarify how the exams fit together.

Best wishes

Mark