Members based overseas must comply with the CPD requirements of the Actuaries Institute, and any local association of which they are also a member.
To demonstrate compliance with the Institute’s CPD requirements, members can provide a copy of their CPD records kept to comply with their local association’s rules, but should ensure that the correct number of points and type of CPD is completed, as outlined in Professional Standard 1: Continuing Professional Development (PS1).
Mutual recognition agreements
Only mutual recognition agreements between the Actuaries Institute and the Institute and Faculty of Actuaries, and the Society of Actuaries in Ireland address CPD compliance.
Mutual recognition agreements with other global actuarial associations neither consider nor exclude members from complying with the Actuaries Institute’s CPD requirements.
Members of the Actuaries Institute and the Institute and Faculty of Actuaries
For Actuaries Institute members who are also members of the Institute and Faculty of Actuaries, CPD requirements are dependent upon where you are based.
Members based in Australia
Members based in Australia must meet the CPD requirements of the Actuaries Institute, and this will be taken as meeting the CPD requirements of the Institute and Faculty of Actuaries for that year.
Members based in the United Kingdom
Members based in the United Kingdom must meet the CPD requirements of the Institute and Faculty of Actuaries - regardless of Full or Partial Regulation status - and this will be taken as meeting the CPD requirements of the Actuaries Institute for that year.
Questions regarding the Institute and Faculty of Actuaries' CPD requirements should be directed to cpd_feedback@actuaries.org.uk.
Members based outside of the United Kingdom and Australia
Members based outside of the United Kingdom and Australia must inform both the Actuaries Institute and the Institute and Faculty of Actuaries which actuarial organisation’s CPD requirements they will meet for a particular year, and this will be taken as meeting the CPD requirements of the other actuarial organisation.
The Institute and Faculty of Actuaries recognises CPD schemes of the following organisation as equivalent to its own:
- Actuarial Society of Malaysia (Malaysia)
- Actuarial Society of South Africa (South Africa)
- American Academy of Actuaries (United States)
- Association Suisse des Actuaires (Switzerland)
- Canadian Institute of Actuaries (Canada)
- Casualty Actuarial Society (United States)
- Deutsche Aktuarvereinigung e.V. (Germany)
- Institut des Actuaires (France)
- Het Actuarieel Genootschap (Netherlands)
- New Zealand Society of Actuaries (New Zealand)
- Singapore Actuarial Society (Singapore)
- Society of Actuaries in Ireland (Ireland)
- Society of Actuaries (United States)
Members fully regulated by the Institute and Faculty of Actuaries who work overseas and fulfill one of these recognised schemes can be regarded as fulfilling the Institute and Faculty of Actuaries CPD requirements.
Partially regulated members of the Institute and Faculty of Actuaries are not required to comply with the Institute and Faculty of Actuaries' CPD scheme, but must comply with the Actuaries Institute's CPD requirements.
Members of the Actuaries Institute and the Society of Actuaries in Ireland
Members based in Australia
Members based in Australia must meet the CPD requirements of the Actuaries Institute, and this will be taken as meeting the CPD requirements of the Society of Actuaries in Ireland for that year.
Members based in the Republic of Ireland
Members based in the Republic of Ireland must meet the CPD requirements of the Society of Actuaries in Ireland, and this will be taken as meeting the CPD requirements of the Actuaries Institute for that year.
Questions regarding the Society of Actuaries in Ireland's CPD requirements should be directed to info@actuaries.ie.
Members based outside of the Republic of Ireland and Australia
Members based outside of the Republic of Ireland and Australia must inform both the Actuaries Institute and the Society of Actuaries in Ireland which actuarial organisation’s CPD requirements they will meet for a particular year, and this will be taken as meeting the CPD requirements of the other actuarial organisation.
Members of the Actuaries Institute and the New Zealand Society of Actuaries
A Member who is also a member of the New Zealand Society of Actuaries and is residing and practising in New Zealand and who satisfies the CPD requirements of the New Zealand Society of Actuaries will be deemed to have satisfied the CPD requirements of the Institute of Actuaries of Australia.