Helping colleagues to build mathematical models to make financial predications for clients.
4 (equivalent to certificate of higher education)
- Typical length
- 24 months
- Current funding band
Up to £15,000 per apprentice.
More information about funding
- Entry requirements
Set by employer.
- What apprentices will learn
- actuarial techniques used in the pensions, insurance or investment industry
- actuarial concepts, models and approaches
- actuarial software, technology and tools
- structure of the financial services market, the Institute and Faculty of Actuaries (IFoA) and the regulatory environment
Apprentices will be assessed by one of the following:
- modules 0 (entry exam) and 1 (finance and financial mathematics), IFoA Certified Actuarial Analyst qualification
- core technical module (CT1: financial mathematics), IFoA Fellowship qualification
Apprentices will also have to pass the IFoA online professional awareness test.
Before taking their end-point assessment, apprentices must achieve level 2 English and maths (equivalent to GCSEs at grades A* to C).
- Professional registration
Provides professional membership of the IFoA.
- End Point Assessment
- More Information
The Institute for Apprenticeships has more detailed information about this apprenticeship.