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Becoming an actuarial apprenticeship employer means you can recruit the brightest maths students and develop their talent using funding from the听Apprenticeship Levy.听
The Institute for Apprenticeships and Technical Education website offers a useful starting point for employers wanting to听.
If you are thinking of setting up an actuarial apprenticeship scheme we can put you in touch with employers who are already听running an apprenticeship scheme, in order to understand the scheme better in relation to your company.听Contact us to find听out more.听
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Following the听decision to听听as of October 2021,听听have been put into place to ensure new and existing CAA candidates continue to receive the support they need to successfully complete their qualification journey.
Actuarial Technician听Apprenticeship (Level 4) candidates will continue to sit CAA Modules 0 and 1. Please book these exams through ActEd. Individual apprentices do not need to individually book these module exams.听
If you have any questions please contact听enquiries@caa-global.com.
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The听听is aimed at school leavers and听covers听Certified Actuarial Analyst听(CAA) Modules 0 and 1. In addition to completing CAA modules in听Practical Mathematics and Statistics (Module 0) and听Finance and Financial Mathematics (Module 1), the apprenticeship will develop candidates' skills and knowledge in areas including:
The Actuarial Technician apprenticeship scheme is delivered in partnership with an听.
BPP will support apprentices with expert tutors and a coach to guide candidates through their learning journey. In addition to textbooks, BPP offer a Virtual Learning Environment where apprenticeship candidates can access professional qualification content and learning resources.
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Once apprentices have completed all of the required听Knowledge, Skills and Behaviours, they will complete an End Point Assessment.听
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On completing the Actuarial Technician apprenticeship scheme, apprentices have the option to progress their careers through a number of routes, including:
The Actuarial Technician apprenticeship scheme will prepare apprentices for Actuarial Technician and Actuarial Analyst type roles.
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You can also听contact BPP听who will be happy to guide you through the apprenticeship process, set up and funding, and answer any questions.听
The听听is aimed at graduates who are employed in a role relevant to the Level 7 Actuary apprenticeship scheme.听It may be possible for candidates who have successfully completed a Level 4 Actuarial Technician Apprenticeship to move to Level 7.
The Actuary apprenticeship programme covers the听IFoA CM, CS, CB and CP Modules听required to qualify as an听IFoA Associate. In addition to completing IFoA modules in听Actuarial Statistics,听Actuarial Mathematics,听Business Practice,听Actuarial Practice,听Modelling Practice听and听Communications Practice, candidates will also develop skills in areas including:
The Actuary apprenticeship scheme is delivered in partnership with an听education provider, BPP Actuarial Education.
BPP will support apprentices through a bespoke Apprenticeship Learning Plan, with an induction听webinar听and a welcome meeting with the apprentice鈥檚 Coach. BPP provide learning materials, tutorials and a coach to guide candidates, in addition to听a Virtual Learning Environment where apprenticeship candidates can access professional qualification content and additional learning resources.
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Once apprentices have completed all of the required听Knowledge, Skills and Behaviours, they will complete an End Point Assessment.听
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Registration听
On programme learning and assessment听
Assessment gateway听
End Point Assessments听
Apprenticeship certification
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On completing听the Actuary Apprenticeship and qualifying as an IFoA Associate, candidates can go on to complete IFoA听SP and SA exams听and qualify as a Fellow of the IFoA.
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Contact BPP听who will be happy to guide you through the apprenticeship process, set up and funding听and answer any questions.听
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The听Apprenticeship Levy is a levy on听employers to fund new apprenticeships.听
Since April 2017, employers with a payroll of 拢3 million听have to pay an apprenticeship levy of 0.5% of their wage bill. The funds collected by the apprenticeship levy are听available to employers in England to cover apprenticeship training.
Funding from the apprenticeship levy can be used to offer an approved apprenticeship scheme in your organisation.
Funding of up to 拢15,000 is available for the Level 4 Actuarial Technician apprenticeship and funding of up to听拢18,000 is available for the Level 7 Actuary apprenticeship.
Employers can听access apprenticeship levy听funds through the online apprenticeship service.听You can find out more about how to manage your apprenticeship funds and use the apprenticeship service听on the听.听
You can also find updates on how the government are supporting employers to support current apprentices and incentive payments available for hiring new apprentices in the Department of Education's latest听.