We have become aware that recent CP3 exam candidates have heard that there has been a further review and are questioning whether their result changed as result of this. During the appeals window it was identified that the policy of marking and implementing the criteria for rescaling the pass mark had not been correctly implemented.   

As a consequence of this, a request was submitted to the CP3 examining team to carry out a script review on a number of exam scripts which were below, but close to, the revised pass mark. Following on from this a number of candidates were identified as having met the pass standard and they were advised immediately. Having now completed that script review process we have identified that there are a number of candidates for whom the final outcome remains the same but where the final awarded mark has remained unchanged or moved either up or down. We can confirm that no candidate has moved from a pass to fail.

Those candidates who were affected by the script review have been contacted. We want to reassure you that this does not affect any of the other results released. The IFoA would like to offer our sincere apologies for this error. We strive to maintain the highest professional standards in operating our qualification process but on this occasion we have fallen short of our own requirements.

10% of all student members who completed stage 3 Professional Skills Training (PST) during 2017/2018 CPD reporting year will be randomly selected for audit.

If you are selected for audit and have used the IFoA’s online material to meet the PST requirement, your participation in these activities will be verified internally and you will be notified accordingly.

If you are selected for audit and have completed the PST requirement using material sourced elsewhere, you will be asked to provide evidence of participation in the activities. You will also be asked to demonstrate a relevant learning outcome which meets at least one of the objectives set out in schedule three of the CPD Scheme.

There are many ways you can help raise the profile of the Institute and Faculty of Actuaries and promote the profession, offering many benefits for personal development, networking and contributing to the advancement of our work:

• UK Student Consultative Forum – Representative based in Northern Ireland
• Global Student Consultative Forums - Representatives based in Americas, East Asia, Europe (excluding the UK and Ireland), Southeast Asia, Australia and New Zealand.
• Data Science Learning Opportunity – members
• The IFoA’s 400 Club - online feedback group – members
• Career Ambassadors (promoting the profession to early careers students)

Full details can be found on the volunteer vacancies webpage or email Debbie Atkins, Head of Engagement, to ask for the details to be emailed to you. Read our blog about Celebrating and supporting IFoA volunteer impact.