Articles - Chartered actuary designation for IFoA qualified actuaries

 The benefits of adopting the chartered actuary designation include:
 • Increasing recognition of the qualification level achieved by IFoA qualified actuaries.
 • Communicating IFoA actuaries’ level of professionalism, knowledge and expertise.
 • Offering protection to the public, by differentiating between highly qualified actuaries and those who call themselves actuaries without having gone through the same high-level training.

 The chartered actuary designation retains the distinction between Fellows and Associates, in both long-form title and post-nominals. As before, Associateship recognises qualification as an actuary at a generalist level, and Fellowship remains the IFoA’s highest level of qualification.  

 Kartina Tahir Thomson, President of the IFoA, said: “Chartered Actuary designation is a reflection of the extraordinarily high standards and the exceptional professional knowledge, ethics and practice adopted by Fellow and Associate members of the IFoA. Chartered status will better communicate the globally recognised level of training and professionalism and the range of expertise that members of the IFoA bring to the table, as well as the value actuaries bring to the organisations with which they work and to society as a whole.”

 David Currie, Chair of the IFoA Board, said: “Actuaries are highly qualified professionals who carry out incredibly important work, yet many people are unaware of what they do. Chartered actuary status is a way of increasing the profile of the actuarial profession and signifying to the people they work with that actuaries are trusted, capable and highly trained professionals.”