COVID-19 Exam Updates

The Institute has tried everything we can to make the exams available to students but unfortunately in the current circumstances have had to make the decision to defer the Fellowship and Part III April examinations until October 2020.

We know your exams and study are very important to you and your career, and understand and share your disappointment, but the COVID-19 risk needs to be taken very seriously. Your health and that of all our members, volunteers and the HQ Team, remains our highest priority.  

In the meantime, the HQ Education Team will be testing and implementing technology to enable the Institute to deliver online exams in Semester 2.  This will ensure that students can continue to progress their qualifying education regardless of the safe distance and other health protection requirements that may be in place at that time.

The current Australian Government restrictions which we are adhering to and monitoring, can be found here.

STUDENTS BOOKED IN FOR APRIL 2020 EXAMS

Fellowship and Part III examinations have now been deferred to Semester 2 in October 2020 and we will transfer all enrolments to the next sitting in October 2020.

Communication, Modelling and Professionalism (CMP) Students

The CMP subject and assessments will continue as planned and the Institute will manage the assessment process while operating remotely. 

Answering Your Questions -Part III and Fellowship examinations 

  • You will continue to have access to the learning management system and all course material for the rest of Semester 1 and throughout Semester 2.
  • The assignment completed in respect of Semester 1 will be carried forward and your grade will apply. You will not be asked to complete another assignment in Semester 2 although you will have access to any new assignments set for new students for practice.
  • The Semester 1 assignment results will be released as scheduled.
  • Tutorials will continue as planned (online) and then recommence for Semester 2.
  • If a subject was not originally scheduled to operate in Semester 2 for example, Life Insurance and Retirement Valuation, we will be providing some tutorials during Semester 2.
  • Our intention is that subjects will operate as intended in Semester 2 so if you wish to study an additional subject this will be available to you.

We encourage you to use this time to study hard and to connect remotely with other students so that you can really develop a deep understanding of the materials and practice your skills.  The Institute will be looking for ways to support you over the next few months.

We will continue to keep our website up to date. If you have any questions, on any of the above information or any other matter, please do not hesitate to call +61 (0) 2 9239 6100 or email education@actuaries.asn.au.


Foundation and Ifoa exam update

As we advised previously the IFoA confirmed on 20 March they would not be holding any of their April 2020 written assessments in examination centres. On 31 March they confirmed that some exams will be offered online and some have been cancelled. 

Cancelled Exams

If you were booked to sit CS1, CS2, CM1 or CM2 your exam has been cancelled and you will receive a full refund in due course. (see below for details).

Online Exams

CB1, CB2, SP1 and SP9 will be offered as an online equivalent to your original exam booking.

Please note that the dates and times of the online exams are now:

  • CB2 – Monday 27 April
  • CB1 – Wednesday 6 May
  • SP1 – Thursday 30 April
  • SP9 – Friday 1 May

These dates can be confirmed on the IFoA website.

If you wish to take the online exam no action is required immediately and we will be in touch in due course to advise you of the new details, including the time of the exam which may need to coincide with the release of the exams in the UK.  We are seeking confirmation on this.

Students will receive joining instructions at least two weeks before the exam date. This will give you sufficient time to carry out pre-exam checks to test whether your computer equipment will work on the day of the exam.

Students who do not wish to take up the offer of an alternative online exam are under no obligation to do so and can choose to withdraw from the exam sitting and receive a full refund. However, you must contact education@actuaries.asn.au to let us know by 5.00pm (AEST) Wednesday 15 April 2020.

Full details of the technical requirements for the online exams can be found in the Technical requirements online handbook 2020.

Refunds

We will be processing the refunds for the cancelled exams in April and will contact you (or your employer) if there is any issue with processing the refund. Your refund will be processed to the original source of payment and cannot be transferred to another exam or deferred to the next exam sitting.

We will process refunds as soon as possible in April and ask you to be patient and not chase your refund.

FAQs

The IFoA has a series of exam FAQ’s on their website and we recommend you refer to this first and then if this does not answer your question you contact us on +61 (0) 2 9239 6100 or email education@actuaries.asn.au.