This report outlines proposals for the development of the Education and CPD strategy of the profession.

The first part of the report gives an introduction to the key issues which have been considered in developing the strategy. The main part of the report describes the proposed model and the rationale behind various aspects of the proposed model. In particular, there is a commentary on how key issues have been addressed.

The report has been discussed at a joint meeting of both Councils, and has received support for further development along the broad lines indicated. The key emphasis is on evolution from our present strategy. The report is now being issued for wider discussion by the profession.

Comments are particularly sought on the following issues:

(1) Is it necessary to specifically assess detailed country-specific legislation and regulation in any subject prior to Fellowship, or is it appropriate to assess this at Stage 3 through the problem solving activity as proposed in the paper?

(2) How useful will it be to members to seek intermediate qualifications from the Privy Council?

(3) Should the profession look to increasing the range of assessment methods used?

(4) The Fellowship qualification is defined as the level of an embryo actuary. How do we encourage actuaries to gain enhanced skills during the CPD stage?

(5) Is the approach to specialisation appropriate?