Actuaries bring unique technical and professional skills and judgment to decision-making
in many sectors. However, the environments in which actuary’s work are constantly
changing and new demands are being faced. Leading-edge techniques soon become standard
and new knowledge can soon become old news.
Improving and developing your knowledge, skills and networks in this changing and
competitive environment are vital. Your CPD, both as an individual and as part of
the actuarial profession, is essential in ensuring that high levels of expertise
and professional standards are maintained.
CPD should be seen as an opportunity to boost your skills, relevance and value, and should
play a regular part in a Members’ professional life. However, with ever-increasing
demands on time, CPD is sometimes seen as a burden. The following tips may assist
in achieving effective CPD:
- make time to plan and review CPD needs;
- use good judgment to determine what activities can be included in your records;
- choose activities that expand skills and knowledge;
- choose activities that are relevant to work now and in the future; and
- always maintain an up to date record.
Annual renewal declaration
As part of the renewal process each year all Members must confirm that they have complied with
or have been exempted (refer CPD exemption below) from compliance for the relevant year,
as per clause 4.7.3 of PS 1. For more information on the renewal process click here