Q1: If I studied Part II in 2010 and passed only one semester of The Actuarial Control Cycle to the exemption standard, do I have to take the Part IIB subject?
Yes, if you did not complete the whole of Part II to the required exemption standard by the end of 2010, you must complete the new Part II. You would not be eligible to enrol in the Investments Bridging Course. In this case, you would need to complete the remaining one semester of Part IIA - The Actuarial Control Cycle and Part IIB – Investments and Asset Modelling to complete Part II. You should consult your university about their particular rules for repeating Part II subjects.
Q2: I finished Part II in 2010, which means I need to take the Investments Bridging Course to become an Associate. As Part IIB – Investment and Asset Modelling has the same syllabus as the Investments Bridging Course, can I take Part IIB – Investment and Asset Modelling with an accredited university instead of doing the online Investments Bridging Course?
No, we consider Part II to be one subject. Part IIB – Investment and Asset Modelling is not considered a separate subject. If you completed Part II - The Actuarial Control Cycle before 2011, you met the standard for completing Part II at the time and are therefore not eligible to receive the exemption for the new Part II. You will need to complete the Investments Bridging Course to become an Associate.
Q3: I am studying the new Part II. Can I study Part IIB – Investment and Asset Modelling and a Part III course at the same time?
Yes, completing Part I and Part II is not a pre-requisite for studying Part III. We recommend that students have completed Part I and Part II prior to undertaking Part III studies, as Part I and Part II are considered assumed knowledge. Students are not prohibited from taking a Part III subject while studying Part II, however we advise students contemplating this option to consider their workload and other commitments when making this decision.
Q4: If I pass Part IIA – The Actuarial Control Cycle but fail Part IIB – Investment and Asset Modelling, can I take the Investments Bridging Course instead of repeating Part IIB?
No, if you commence the new Part II from 2011 at university you will need to complete it according to the exemption standards of your particular university. The Investments Bridging Course is only available to students who completed Part II to the required exemption standard before 2011. We do not consider the Investments Bridging Course to be a substitute for Part IIB – Investment and Asset Modelling.
Q5: How long will the Investments Bridging Course continue to be offered?
The Investments Bridging Course will continue to be offered for as long as it is required. Students will be informed well in advance of the Investments Bridging Course no longer being offered.
If you have any further questions about Part II and the Pathway to Associateship or Pathway to Fellowship, email the Education Team or call us on +61 (0) 2 9239 6100.