• We are pleased to announce that the winner of our Feedback Prize Draw for the Winter 2024-25 session and winning £150 of gift vouchers is Zhao Liang Tay. Congratulations to Zhao Liang. If you fancy winning £150 worth of gift vouchers (from a major UK store) for the Summer 2025 exam sitting for just a few minutes of your time throughout the session, please see our website at https://www.acted.co.uk/further-info.html?pat=feedback#feedback-prize for more information on how you can make sure your name is included in the draw at the end of the session.
  • Please be advised that the SP1, SP5 and SP7 X1 deadline is the 14th July and not the 17th June as first stated. Please accept out apologies for any confusion caused.

What does the PM qualify you for?

B

Blitmund

Member
I'm probably just being stupid, but could somebody clarify what the PM is actually needed for, please?

In The Actuary for April 2005 it says that the PM is not required for fellowship, but we are "strongly encouraged" to take it and it "will be required for those wanting to be working actuaries in the UK".

Whereas the Profession's website says that you only need it to practise in a "reserved role" (AFH, WPA etc).

Which is correct? Presumably the Profession's website?
 
If you have responsibility as signing actuary, eg are a pension scheme actuary, AFH or With Profits actuary you do need the Practise Module to get your Practising Certificate and I believe this needs periodic reassessment, ie there are the strongest ongoing CPD requirements.

I think people are encouraged to take it close to qualifying so the subject matter is fresh. But there again we are expected to keep up to date with developments so its swings and roundabouts.

It does not prevent you using the initials FIA or new equivalent if everything else is in order.
 
OK thanks for that :)

I intend to do the PM anyway, but good to know that I can still call myself and work as an "actuary" even if it goes badly.
 
You must log in or register to reply here.
Back
Top