• 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.

X assignments

  • Thread starter LazyLinePainterJane
  • Start date
L

LazyLinePainterJane

Member
The assignments are supposed to take 5 hours.

Why is this the case when, from what I gather from the Actuaries website, we only get 1hr 45 to complete the written question and then 2 (?) to make the slides for the presentation. Just how are we supposed to be distributing our time for the assignments?

Also, have these questions even been updated since 2010? The notes say that questions will now be to produce communications based on CA1 material. It also explicit says we will not be writing to the general public and that our audience will be Trustees / directors / people with business experience. The X assignment written questions all seem to be writing letters to the general public, and based on CT material.

Will the mocks at least be up to date?
 
As for other subjects, the Assignments are designed to develop you towards being able to ask exam-level questions. They drill you in the component skills that are necessary to pass the exam.

The recipients of the communications in the assignments are:
X1.1 former employee (HR manager)
X1.2 Trustees
X2.1 Manager of an actuarial department
X2.2 Trustees
X3.1 Manager in an insurance company
X3.2 Employees in an OPS
X4.1 Work colleague
X4.2 Directors
X5.1 Manager of an underwriting department
X5.2 Manager of a team in a financial services company
So I don't understand your comment about "all" being to the "general public". The syllabus states that the recipient will have a level of business knowledge. The recipients in the assignments are consistent with this specification.

We suggest 5 hours to:
  • acknowledge stduents are building up skills and may not be fully up to exam speed
  • refelect that we ask for submission of more than would be required in the time allocations you quote (e.g. creation of a scrip/narrative for the presentation questions - which in the exam could be done in your own time, after having submitted the slides)
The mock exams are at (or perhaps slightly above) the level of difficulty of the actual exam.

All our materials (including the assignments and mocks) are reviewed by us following publication of the new syllabus (i.e. at least annnually). They are also reviewed by the Staff Actuary employed by the Institute and Faculty, to ensure that they are always 'fit for purpose'.
 
Last edited by a moderator:
You must log in or register to reply here.
Back
Top