The aim of the actuarial education strategy is to equip the actuaries of the future with the skills they will need for their employers and clients. All exam subjects can be taken by well-established distance learning methods, but the Institute and Faculty of Actuaries also makes use of university-based education.
Students can become Associate members of the Institute and Faculty and gain the right to describe themselves as an actuary and to use the letters AIA or AFA.
As an actuary and an Associate of the Institute and Faculty, members have a breadth of expertise that brings wide and varied opportunities.
Members of the profession who wish to continue their studies to an advanced level, or who specialise in a particular actuarial field, may take further specialist exams to qualify as a Fellow. Fellows use the letters FIA or FFA and are highly sought after as experts in their chosen field.
CERA is a global risk management qualification which the UK Actuarial Profession is accredited to award to members who meet certain criteria. It aims to address the urgent need for highly-qualified risk management professionals worldwide, especially in the financial sector.
Affiliates have the same rights and privileges as Honorary Fellows except that an annual subscription is payable and they are not entitled to use designatory letters.