Examinations
Qualification through the Faculty consisted of a combination of examinations and courses. The examinations could only be taken upon having officially joined the body, unlike many other countries where exams may be taken earlier; although a candidate was able to offer proof of having previously covered topics (usually while at University) in order to be exempt from taking certain subjects.
The examinations were split into four sections: Core Technical (CT), Core Applications (CA), Specialist Technical (ST), and Specialist Applications (SA). Study material for the examinations was usually obtained through the official bookshop of the Faculty of Actuaries or through the Actuarial Education Company (ActEd), a subsidiary of BPP Actuarial Education Ltd.
In addition to examinations and courses, it was required that the candidate both complete at least three years work as an actuary and be at least 23 years of age to qualify as a “Fellow of the Faculty of Actuaries” (FFA)
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