The Actuaries Institute has put in place a series of Transition Arrangements to help make sure you cover all the disciplines needed to achieve qualification as the new syllabus is rolled out. The table below compares the old and new subjects and how they relate to each other.
The exemptions process will continue to form part of the new exam structure. For exemptions in the new Foundation Program based on the CT subjects, you must have been granted a pass from the applicable Part I subject(s) by 1 February 2019. You will have until 31 December 2023 to claim these CT exemptions. You can also gain exemptions by studying the new Foundation Program subjects directly with the Actuaries Institute.
Note: All course syllabi are provided by the UK’s Institute and Faculty of Actuaries.
Any Part I exemptions that you have already claimed will be transferred to the Foundation Program based on the mapping shown below.
For example, if you have completed CT3 Probability and Mathematical Studies under the old Part 1 Program, you will be exempted from CS1 Actuarial Statistics in the new Foundation Program.