The Institute of Actuaries of Australia has announced changes to the designation of ‘actuary’.
As of the New Year, students will be able to describe themselves as ‘actuaries’ after completing Parts I and II, an Investments bridging course, a Professionalism course and the Practical Experience Requirement (PER)*.
Current associates will be able to describe themselves as ‘actuaries’ after they have achieved the PER and attended the Professionalism course.
Fellows will need to pass the relevant Part I, II and III exams and attend the Professionalism course.
*The PER is a achieved by completing three years’ relevant full time experience in the financial services sector.