Update: 4 June 2020
This page contains important information about:
Given the situation in the UK, all tutorials offered this session are Live Online. We will continue to monitor the situation but we do not expect to return to a physical classroom until after the September exams.
Demand for tutorials can vary a lot from session to session but even more so this year given the exceptional circumstances. We expect that we will need to vary the timetable significantly to match the demand for courses. Therefore, please try to choose a first, second and third choice, where possible. This will enable us to carry out the finalisation process more efficiently and maximise the chance that you are allocated a suitable place.
We appreciate that it may be tempting to wait until after results before deciding what to sit, but given that the April results are due out only 9 weeks before the September exams, we strongly recommend that you commit to a subject early and start studying as early as possible. There will only be a finite number of tutorial places available in August and we cannot always guarantee everyone a place.
If we haven’t advertised the tutorial that you’re looking for, please still submit your request and we will endeavour to add a course if there is sufficient demand.Finally, we’re pleased to announce that an Online Classroom is now available in Subjects SP1 and SA2, in addition to all Core Subjects and Subjects, SP2, SP5, SP7 and SP8.
Please order your study materials well in advance of when you would like to use them. Although deliveries are continuing in most countries, they are understandably taking longer than usual and so please bear this in mind when you are thinking about placing an order.
The vast majority of printed products are now also available as eBooks. They are generally priced the same as the printed product but will benefit from zero dispatch costs and avoid any courier delays and import tax. You can read more about our eBooks at https://www.acted.co.uk/electronic_ebook.html.
If you wish to buy an updated version of a product you have purchased before, then you can also benefit from our retaker discounts. Find out more at https://www.acted.co.uk/paper_reduced_prices.html.
The academic year for actuarial students runs from 1 September to 31 August. The Syllabus, Core Reading and ActEd Course Notes do not change during this period (although details of minor corrections to study material are available from our website). Therefore, all core services that we offered in the session leading to the April 2020 exams are still available.
ASET and mini-ASET
Where available, ASET (2014-17 papers) and ASET (2019 papers) will also remain unchanged. The 2018 papers are not included in ASET.
A mini-ASET will also be available (only as an eBook, not in print) around mid-August and will cover the April 2020 paper(s) only.
The IFoA’s announcement that the CS/CM exams will be wholly online makes it clear that the Syllabus and Core Reading for the CS and CM examinations have not changed. This indicates that all the study resources currently available will be relevant to passing the exam.
The IFoA announcement has also said that the format of the papers will be adapted so that the answers can be presented in Word (or possibly Excel). If you understand the material thoroughly and can carry out the calculations quickly and accurately, then you should be able to display the required knowledge and pass an exam, regardless of the precise format. So, our current advice is to continue studying, learning and practising questions as you normally would.
However, it would be a good idea to use Word occasionally to answer questions during your studies, but appreciating that not all ActEd questions or past exam questions will be easy to answer in Word. These questions should still be used as part of your studies because the skills they are testing could still be examined, albeit in subtly different ways.
At the moment, we can only guess what the format changes might be – for example, breaking longer questions down into smaller chunks so that it is easier to award method marks for part progress through a question, or introducing some multiple choice questions. Reviewing 2019 Examiners’ Reports, we suspect that the exams for Subjects CS1 and CM1 will change more than those for CS2 and CM2.
Using Word will not rule out all maths questions. Presenting basic maths in Word is very easy and more complicated algebra could incorporate the use of super/sub-scripts or Word’s in-built equation editor. However, we suspect that anything too complicated will be avoided.
At this early stage, please appreciate that the IFoA have not yet provided any specific information about how the format of questions is likely to alter, and the above is speculation on our part. We recommend that you keep your eye on the IFoA website as well as our website in case there are further announcements.
We plan to update our CS and CM Paper A Mock Exams so that they are a better representation of what you might face in September. Anyone who has purchased a Mock Exam or Additional Mock Pack (AMP) in the sessions leading to either of the 2020 exams will be sent a revised version as an eBook, hopefully before the end of July.
Finally, we encourage you use ActEd's discussion forum to share tips on using Word.
All ActEd staff continue to work remotely and so we would appreciate your patience if we take a little longer to respond than normal. Please direct all new general queries to ActEd@bpp.com and accounts queries toActEdAccounts@bpp.com. Please do not telephone the office as your call will not be answered
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