You can apply to be classified as Retired if you:
- are not in paid work which relies upon your actuarial training and experience, in the widest interpretation, or on your membership of the IFoA; and
- do not expect to return to such work in the foreseeable future.
Retired members will be classified as Category 7 members under the 2018/2019 CPD Scheme.
Category 7 members do not have to complete CPD unless they are in unpaid work which relies on their actuarial training and experience, in the widest interpretation. Those members are obliged to complete such CPD activities as they consider appropriate in light of the work they do.
It is important that you read the CPD Scheme 2018/2019 in full to familiarise yourself with the requirements and your responsibilities under it.
If you have any questions please contact firstname.lastname@example.org
Category 7 - Definition
- are not in paid work which relies upon their actuarial training and experience, in the widest interpretation, or on their membership of the IFoA; and
- do not expect to return to such work in the foreseeable future,
may apply to the IFoA to be registered as retired and classified as a Category 7 member.
By doing so, retired members will no longer be required to confirm their status to the IFoA each CPD year.
Category 7 members do not have to complete any CPD, unless they are doing relevant unpaid work.
Obligation to confirm a change in status
Category 7 members must inform the Membership Team at email@example.com as soon as possible if they return to work.
How to apply
Category 7 members who undertake unpaid work which relies upon their actuarial training and experience, in the widest interpretation, must complete such CPD as they reasonably consider to be appropriate in the circumstances.
Category 7 members who complete CPD must retain evidence of their participation in those activities for a period of two years from the date of the activity and must produce that evidence to the IFoA upon request.
If you have any questions, please contact firstname.lastname@example.org.
If you have any enquires about CPD, please contact the Membership Team
We aim to respond to all enquiries within two working days.