Exam Updates

IMPORTANT UPDATES - SEMESTER 2 ONLINE EXAMS

8 September 2020:  Institute and Faculty of Actuaries (IFoA) Exams Semester 2

Students will soon be receiving their exam permits. The IFoA have recently updated their FAQ’s and we recommend you refer to those first if you have any questions.

Exam dates

The new exam dates have been set, please check the website for details.

Information session

An online Information session will be held on 6 July at 5.00pm (AEST Sydney) about the exam process and requirements, as well as the authentication process.  We strongly encourage you to join the session. Details will be made available via the LMS.

Exam process

  • All exams (other than CAP) will commence at 11.00am (AEST Sydney).  This means that the commencement time will vary by location.  If you are interstate or overseas, please carefully check the commencement time of your exam.
  • The exams will be in PDF format and accessed via the Learning Management System (LMS) – Canvas or Moodle. Having used one of these systems throughout the semester, you should be familiar with how they work.
  • You can then download the exam when it becomes available at the exam start time.
  • The exam should be completed in MSWord and/or Excel.   At the end of the time allocated, you will need to upload your scripts to the LMS.
  • Reading time can be used to download, save, print and commence work on the exam.
  • We are considering alternative arrangements for 5A, 5B and Asset Liability Management where the need to write formulae may be necessary.

Exam terms and conditions

  • All students must comply with the terms and conditions of the exam (e.g. no collaboration).  You will receive the terms and conditions well in advance of the exam and you will be required to sign a declaration of compliance.
  • As members of the Actuaries Institute you are required to comply with theCode of Conduct and there will be strict penalties for non-compliance. 
  • For the duration of the exam there will be automated online proctoring.  This means that you will be recorded and any potentially concerning activity will be reported. 
  • The Fellowship exams are based on your understanding and application of material.  Copying content is unlikely to be to your advantage.  For some exams we will be testing Turnitin.  If this is the case for your exam, we will let you know, but the results will not lead to any action against students for Semester 2, 2020.

Technical requirements

  • You will receive details of the technical requirements for sitting the exam well in advance. For example, you will need a webcam, microphone, internet access (with a minimum speed requirement) and we will specify the relevant browser, laptop/pc and software requirements. 
  • You will also get the opportunity to trial the system so that you are comfortable with the process, can test your equipment and any issues can be addressed in advance. 
  • On the day of the exam you will have access to support via a Help Desk.

FAQs

A series of FAQs for the website is currently being developed to cover as many of your concerns as we can.  We do appreciate that this is a new process and want to ensure that you are as informed and prepared as possible.    

Contact us

We will continue to keep you up to date via email and/or the website. If you have any questions in the meantime, please don’t hesitate to call +61 (0) 2 9239 6100 or email education@actuaries.asn.au.


IMPORTANT UPDATE - Semester 2 online cap exam

Exam dates

The new exam dates have been set and further information can be found on the website

Information session

An online Information Session will be held on 6 July at 5.00pm (AEST Sydney) about the exam process and requirements, as well as the authentication process for CAP students.  We strongly encourage you to join the session.  Details will be made available via Moodle.

Exam process

  • Exams will commence at three different times according to your location, these are 9.00 am Sydney time, 9.00am Singapore time and 9.00am London time.  If you are interstate or overseas, please carefully check the commencement time of your exam.
  • The exams will be in PDF format and accessedvia Moodle.
  • You will need to sign onto Moodle before the exam start time to complete an online authentication process at 8.45am.  You will need to confirm your identity as the enrolled candidate to a human proctor, and this will be achieved by displaying your photo ID.   A second online authentication process will be undertaken at 1.30pm and you will be given an additional 15 minutes to allow for this.
  • You can download the exam when it becomes available at the exam start time.
  • The exam should be completed in MSWord and/or Excel.  At the end of the time allocated, you will need to upload your scripts to Moodle.

Exam terms and conditions

  • All students must comply with the terms and conditions of the exam (e.g. no collaboration).  You will receive the terms and conditions well in advance of the exam and you will be required to sign a declaration of compliance.
  • As members of the Actuaries Institute you are required to comply with the Code of Conduct and there will be strict penalties for non-compliance. 

Technical requirements

  • You will receive details of the technical requirements for sitting the exam well in advance. For example, you will need a webcam, microphone, internet access (with a minimum speed requirement) and we will specify the relevant browser, laptop/pc and software requirements. 
  • You will also get the opportunity to trial the system so that you are comfortable with the process, can test your equipment and any issues can be addressed in advance. 
  • On the day of the exam you will have access to support via a Help Desk.

FAQs

A series of FAQs for the website is currently being developed to cover as many of your concerns as we can.  We do appreciate that this is a new process and want to ensure that you are as informed and prepared as possible.    

 

important update - semester 2, 2020 exams foundation program and part iii module 1 sp exams

We understand that the Institute and Faculty of Actuaries (IFoA) exams for Semester 1 were delivered successfully and there was generally a high level of student satisfaction.

Knowing that you are keen to progress your study and exams, we appreciate your patience and understanding in this challenging time, particularly as some of the April 2020 exams were not available online.

Here’s what we can tell you now about Semester 2 2020.

The IFoA has confirmed that they will be offering all their exams online, including the CM and CS exams, which were not offered in April 2020.

Key exam dates and booking arrangements for Actuaries Institute members can be found on our website. Please refer to the Foundation Program or Fellowship Program key dates (as per relevant courses).

Please check the IFoA website for updates on the September 2020 exams. Their Frequently Asked Questions (FAQ’s) have been updated and we encourage you to also check these regularly, as they will continue be updated in response to student and employer enquiries and feedback.

If you have any questions, please do not hesitate to email the Education Team or call +61 (0) 2 9239 6100.

Semester 2 Part III and Fellowship Exams update.

As you would be aware the Part III and Fellowship April exams were deferred until the next sitting in October 2020. 

We will be keeping you updated on the exam process for October 2020. The new exam dates have been set and further information will be published on the website.

The project to implement the technology to enable the Institute to deliver the exams in an online environment in Semester 2 is underway.

This will ensure that you will be able to sit your exams regardless of any health protection requirements that may be in place at the time. Going forward, all exams will be held online beyond the COVID-19 response.

We appreciate that your study has been interrupted by the deferral of exams and the current working environment. We will be providing support for your study once Semester 2 commences.

Here’s what we can confirm now.

  • Students who were enrolled in Semester 1 will automatically be enrolled for Semester 2 and don’t need to do anything. 
  • You will continue to have access to the Learning Management System (LMS) and all course material for the rest of Semester 1 and throughout Semester 2.
  • Life Insurance Application students will receive a new link to the LMS as you will be grouped with new Semester 2 students for learning purposes
  • 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.
  • Subjects which are open to new students in Semester 2 will be run as usual with the planned tutorials - all of which will be available to Semester 1 students to attend.
  • We will be providing some additional tutorials during Semester 2 for subjects which were not scheduled to operate in Semester 2 for example – C5B, C6A, Superannuation and Retirement Applications and Life Insurance and Retirement Valuation.
  • The CAP Residential Course and ERM Workshop will be delivered online in Semester 2 2020.
  • The CAP Virtual Residential Course will be held over two weeks. Further details on the format of the program will be available on 1 June.
  • Semester 1 CAP students will be able to attend one of the traditional topic sessions at the Virtual Residential Course.
  • Students who want to attend the ERM Workshop in Semester 2 will need to enrol during the enrolment period.

We encourage you to consider whether you should take the opportunity to enrol in an additional subject for Semester 2 depending on your personal circumstances.

Contact us

As mentioned above, we will continue to keep you up to date via email and/or the website.

If you have any questions in the meantime, please don’t hesitate to call +61 (0) 2 9239 6100 or email education@actuaries.asn.au.