ActEd Student Brochure 2014

The Actuarial Education Company
on behalf of the Institute and Faculty of Actuaries

Student Brochure for the 2014 exams
Welcome
Welcome to ActEds brochure for the 2014 examinations. Our comprehensive and innovative study products,
together with our marking services, teaching expertise and highly regarded professionalism and enthusiasm, give
all students the opportunity to maximise their chances of exam success.
We would like to highlight a few products that we have released recently:
Our Online Classroom is now available in all CT Subjects as well Subjects CA1 and CA3. The Online
Classroom is a great alternative, or addition, to face-to-face tutorials. To discover more and try out the
demos visit www.ActEd.co.uk.
If you prefer some live interaction with a tutor but are unable to attend a face-to-face tutorial, then look
out for our Live Online Tutorials, which we plan to offer in many more subjects this year. Full details can
be found in the latest Tuition Bulletin.
MyTest, our new online revision product, is now available in Subjects CT1, CT2, CT7, CA1, ST2, ST4, ST5
and SA2. You can see a video of MyTest in operation on our website at http://bit.ly/ActEdMyTestDemo.
Course Notes as well as CMPs and Flashcards are now available as eBooks.
If you are retaking a subject this year, please have a look at the CMP Upgrade for the relevant subject before
starting your studies. Although there are few changes to the exam structure this year, some syllabuses and the
Core Reading have been reviewed and updates to your material will be required.
Finally, when ordering from ActEd, we encourage you to use our e-store at www.ActEd.co.uk/estore to ensure that
your order is processed as quickly as possible.
Good luck with your studies for the 2014 exams.


McTimoney House
1 Kimber Road
Abingdon
Oxfordshire
OX14 1BZ
General queries
[email protected]
+44 (0) 1235 550005
Fax: +44 (0) 1235 550085
Accounts queries
www.ActEd.co.uk
Discussion Forum
www.ActEd.co.uk/forums
[email protected]
+44 (0) 1235 550015
Contents
Page
Core study materials
Revision materials
2
3-4
Specialist materials
Marking
Tutorials
Advice for students
New students
Retakers
Advice for students
Students waiting for results

Students studying Subjects CT7, ST6 & ST9
Students studying Subject CA1 over two sessions
Prices
10-11
Discounted materials and despatch charges
12
Refunds and cancellations
13
Students living outside the UK and Ireland
14
ActEd and the Institute and Faculty of Actuaries
15
How to order
16
Record your ActEd student number here for easy reference. You will need this when you order materials,
apply for tutorials and submit assignments for marking. If you are a new student we will assign you a
number when we receive your first order.
ActEd student number:
A c t E d s t u d y p r o g ra m m e s 2 0 1 3 / 1 4
Page 1
Core study
study materials
materials
Our core study materials enable you to develop the basic knowledge and understanding of the principles needed to pass the exam.
If you wish, you can supplement these with revision materials. These core study materials are available in all subjects except CT9,
CA2 and the Practice Modules. Materials for Subject CA2 and the Practice Modules are described on page 5.
Combined Materials Pack
The Combined Materials Pack (CMP) is ideal if you are sitting a subject for the first
time. It comprises the following:
Study Guide
Course Notes (incorporating complete Core Reading)
Question and Answer Bank (except for Subject CA3)
Series X Assignments.
CMPs are available in printed format and as an eBook, which can be purchased as an
addition to the printed product or as a stand-alone product.
In Subjects CT7, ST6 and ST9, the full-price CMP also includes the textbooks
referenced by the Core Reading. These textbooks are not currently available as
eBooks. Please refer to page 9 for more information.
Course Notes
The Course Notes, available in print or as an eBook, will help you develop the basic
knowledge and understanding of principles needed to pass the exam. The Course
Notes incorporate the complete Core Reading and include a full explanation of all the
syllabus objectives, with worked examples and short questions to test your
understanding. In Subjects CT7, ST6 and ST9, students are also required to read
material in specified textbooks, which do not form part of the Course Notes. Please
refer to page 9 for more details.
Assignments
ActEds Series X Assignments contain a range of mainly exam-style questions (with

full solutions) to test your understanding of the course. They are ideal for first-time
sitters, as they are co-ordinated with each part of the course to give you exam
practice as you progress through the Course Notes. If you also purchase marking
(which is not included in the price of the CMP or Assignments, please see page 6)
then you can have your assignments marked by ActEd. Please visit www.ActEd.co.uk
for more details.
Question and Answer Bank
The Question and Answer Bank is a comprehensive bank of questions

(including some past exam questions) with full solutions and comments.
CMP Upgrade 2013

201 3/14
/14
For many subjects, the CMP Upgrade enables you to amend your 2013 CMP to make
it suitable for study for the 2014 exams. Where possible, it includes all significant
changes to the Core Reading between 2013 and 2014. However, if a large proportion
of the material has changed significantly, making it inappropriate to include all
changes, the upgrade will only outline what has changed. In this case we
recommend that you purchase a replacement CMP (printed copy or eBook) or
Course Notes at a significantly reduced price. The CMP Upgrades can be
downloaded free of charge from our website at www.ActEd.co.uk.
Core Reading
In most subjects, ActEds Course Notes include the complete Core Reading
integrated within the ActEd text. In Subjects CT7, ST6 and ST9, students are also
required to read material in specified textbooks, which do not form part of the
Course Notes. Please refer to page 9 for more details. If you are a student member
of the IFoA and have purchased the ActEd Combined Materials Pack in the same
subject, then you may order a stand-alone copy of the Core Reading at a specially
discounted price. All other orders for Core Reading should be made from the IFoA
website. Please refer to page 15 for more information about Core Reading.
Page 2
Revision materials
materials
Our revision materials help you to reach exam standard quickly and efficiently in the final weeks before the exam. For advice
about which products to choose, please read our product guide, which can be found on our website.
ASET and M inini -ASET
ActEd Solutions with Exam Technique (ASET) contains recent exam papers along
with ActEds full solutions including techniques for tackling exam questions. (Please
visit www.ActEd.co.uk for more details of the papers covered by ASET.)
ASET is fully up-to-date in respect of changes to the Syllabus and Core Reading. It
includes not only a possible solution to each question on the exam paper, but also
comments to help you with your exam technique, alternative approaches and
references to the course material. ASET is a useful complement to the Examiners'
Reports (available from the IFoA website). It is available in Subjects CT1-8, CA1,
ST1-2, ST4-9 and SA2-4.
Mini-ASET is available later in the year and covers the April 2014 exam paper. It will
be available in subjects in which ASET is available.
Revision Notes
Our Revision Notes have been designed with input from students to help you revise
efficiently. They are suitable for first-time sitters who have worked through the
ActEd Course Notes or for retakers, who should find them much more useful and
challenging than simply reading through the course again.
Revision Notes comprise a set of A5 booklets perfect for revising on the train or
tube to work. Each booklet covers one main theme of the course and typically
includes:
Core Reading with a set of integrated short questions to develop your

bookwork knowledge
up to ten years of relevant past exam questions with concise solutions
detailed analyses of key past exam questions (selected for their difficulty)
other useful revision aids.
Revision Notes are currently available in all of the CT Subjects, CA1 and
ST1, ST2, ST4, ST5, ST7 and ST8. (Please note that due to the use of a textbook in
Subject CT7, the Revision Notes do not include the full Core Reading.)
Flashcards
The A6-sized Flashcards cover the key points of the course that most students like
to commit to memory and are an excellent supplement to our other study materials.
Each flashcard has a question on one side and the answer on the reverse. We
recommend that you use the cards actively and test yourself as you progress through
the course.
Flashcards are available as eBooks as well as a printed product and are currently
available in CT1-CT8, CA1 and ST1, ST2, ST4, ST5, ST7, ST8 and ST9.
Sound Revision
Sound Revision is a set of audio CDs, designed to help you remember the most
important aspects of the Core Reading. The CDs cover the majority of the course,
split into a number of manageable topics based on the chapters in the Course Notes.
The CDs are perfect for the train, tube, or car journey to work, or where taking
folders and course notes is not practical. Students can upload the CDs onto an MP3
player if it is more convenient.
Sound Revision is available in Subjects CT2, CT7, CT8, CA1, ST2, ST4 and ST5.
Page 3
Revision materials
materials
Mock Exam A
Mock Exam A is available in the subjects for which we produce core study materials.
It includes two papers for Subject CA1 and one paper for each of the other subjects.
Mock Exam A can be purchased with or without marking. (See page 6 for details of
our marking products.)
Additional Mock Pack
The Additional Mock Pack (AMP) consists of two further mock exams
Mock Exam B and Mock Exam C. It is ideal if you are retaking and have already sat
Mock Exam A, of if you just want some extra question practice. Marking Vouchers
can be used if you would like the additional mocks marked by ActEd.
Some employers automatically order mock exams for their students and so you may
wish to check with your employer before buying either Mock Exam A or the AMP
from ActEd.
MyTest
MyTest is a new online revision product specially written for actuarial students. The
more you use it, the more it learns about the gaps in your knowledge and
understanding. Questions become ever more focused onto these gaps, until they are
filled.
Some of the questions in each large bank of My Test questions are multiple-choice and
can be marked automatically, while others force you to think of your own answer
before comparing against a given solution. At the end of a MyTest session, you are
given visual feedback on how you scored. Good or bad, you will know immediately.
MyTest is available in Subjects CT1, CT2, CT7, CA1, ST2, ST4, ST5 and SA2. You can
see a video of MyTest in operation on our website.
We also have a free demo of MyTest so that you can try out the system for yourself.
The demo contains 20 sample questions (half from CT1 and half from CT7), and you
can log in using the following details:
http://www.acted.co.uk/mytest
user name: 100
password: demo
The demo works identically to the full version of MyTest except for the suspend
feature which is only available in the full version.
Page 4
materials
Our specialist materials are designed to meet the needs of specific groups of students in specific subjects.
CA2 Course Notes and

Marked Assignment
Project
A short set of Course Notes is available to help you prepare for the Subject CA2 Practical
Exam. Our Marked Assignment Projects give you the opportunity to practise
assignments of a similar standard to the one you will face on Day 2 of the Exam. The
projects will require you to produce a model in a spreadsheet (using MS Excel), an audit
trail and a summary (using MS Word). We will mark your script and return it via email,
providing useful feedback to help to ensure that you are successful when you take the
Exam.
Practice Module
materials
If you purchase the CMP, Course Notes or Core Reading in your chosen SA subject and
you are planning to sit the Practice Module exam, then you will also need the generic
Practice Module Core Reading. You can order it using the e-store or on ActEd's standard
order form using the product code "P0".
Our Multi-choice Booklets offer over 400 multi-choice questions to help students
prepare for their exam. The questions cover both the generic material (covered by the P0
Core Reading) and the subject specific material (covered by the Core Reading in the
relevant SA subject).
Foundation
Fo undation ActEd
Course
The Foundation ActEd Course (FAC) is designed to help you refresh and improve your
mathematical skills in preparation for the CT Subjects and is recommended by the IFoA.
FAC covers the mathematical skills that are required for the CT Subjects. It is designed as
a reference document and each chapter contains explanatory notes, examples and selfassessment questions to test understanding. There is also a summary test and a
Question and Answer Bank, providing extra practice.
For more information, visit our website at www.ActEd.co.uk, where youll find the full
Syllabus for FAC, a sample of the Course Notes and an initial assessment to test your
mathematical skills.
We have an Online Classroom available for FAC consisting of pre-recorded tuition with
plenty of worked examples. 12-months complimentary access will be given to all new
students for the 2014 exam sessions when they purchase their first CMP or a paper copy of
FAC.
StatsPack
StatsPack is designed to help if you havent studied statistics before, studied statistics a
long time ago or are struggling with Subject CT3. Each chapter of the course notes
contains explanatory notes, examples and self-assessment questions to test
understanding, as well as extra practice questions for consolidation. The StatsPack
Online Classroom gives you 12 months access (from the date your order is processed) to
pre-recorded tutorials (covering the same material as the Course Notes) with worked
examples. We recommend that you purchase the complete Stats Pack, which contains
both the Course Notes and Online Classroom, but you may also purchase one of the
items separately.
The Subject CT3 notes cover all the material required for the Subject CT3 exam but some
students can find the speed of CT3 too demanding. StatsPack enables you to cover the
fundamental ideas of statistics at a slower speed. Unlike other statistical textbooks it is
geared specifically towards actuarial students. Please visit www.ActEd.co.uk for more
details.
Stats Refresher
Online Tutorial
The Stats Refresher Online Tutorial is designed to help students studying Subjects CT4 or
CT6 who have exemptions from Subject CT3, but may have studied the relevant material
several years ago.
The tutorial is online, which means that the material can be worked through at a
convenient time and pace. The tutorial consists of a discussion of the theory required
followed by worked examples. Please visit www.ActEd.co.uk for more details. You will be
able to access the Stats Refresher Online Tutorials for 12 months from the date your order
is processed.
Page 5
Marking
You can have your attempts at any of the currently available assignments or mock exams marked by ActEd. When marking your
scripts, we aim to provide specific advice to improve your chances of success in the exam. We also aim to return your script as swiftly
as possible.
We only accept the current version of assignments for marking, ie those published for the sessions leading to the 2014 exams. If you
wish to submit your script for marking but only have an old version, then you can order the current assignments free of charge
provided you meet the conditions set out on our website at www.ActEd.co.uk.
Series Marking
and
Mock Exam Marking
You can buy Series X Marking and/or Mock Exam A Marking for a specified subject
(eg Subject ST2) for the current exam sitting. You will not be able to defer this
marking to a future exam sitting. By submitting your scripts in line with our
published recommended submission dates, you will make steady progress through
the course. We also publish a set of final deadline dates if you miss the final
deadline date for
f or an X Assignment or Mock Exam
Exam A , your script will not be
marked. Recommended submission dates and final deadline dates are available on
the ActEd website at www.ActEd.co.uk.
Marking Vouchers
Marking Vouchers are the flexible alternative to Series Marking. They are
transferable between study sessions, between subjects and even between students.
The holder has the right to submit an attempt at any current assignment or mock
exam paper for marking at any time, irrespective of the deadlines. However, you will
need to adhere to the explicit Marking Voucher deadline dates in each session to
ensure that your script is returned before the date of the exam.
Marking Vouchers are valid for four years from the date of purchase and can be used
or refunded at any time up to the expiry date (which is shown clearly on each voucher).
See page 13 for full details of our refund and cancellation policy. Please ensure that you
purchase the correct number of vouchers for the subjects that you are studying.
If you would like us to mark Mock Exam B or Mock Exam C then you will need to
purchase a Marking Voucher (or two vouchers for both papers in each Subject CA1
mock exam).
Solutions to Series X Assignments and Mock Exam A

We typically send out full solutions with the Series X Assignments and Mock Exam A. However, if you order Series X
Marking (or Mock Exam A Marking) at the same time as you order the Series X Assignments (or Mock Exam A), you can
choose whether or not to receive a copy of the solutions in advance. If you choose not to receive them with the study
material, you will be able to download the solutions via a secure link on the internet when your marked script is returned
(or following the final deadline date if you do not submit a script).
Submitting assignments
We strongly recommend that you scan your assignments and mock exams and email them to [email protected].
Alternatively, you can submit them by fax or post.
However you choose to submit your assignments, please read the instructions on the assignment coversheet before
completing your assignment. Unless you are using a Marking Voucher, any scripts received by ActEd after the deadline
date will be returned unmarked. It is your responsibility to ensure that your script is sent in good time to reach us. If you
are posting your script, we strongly recommend
recommend that you photocopy your script before you send it.
it
Your script will be passed to the next available marker and will be returned to you either by first class post or via a secure
link on the internet. We encourage markers to return scripts quickly, but you should be aware that scripts submitted
around the time of the final deadlines may have a significantly slower turnaround time than usual.
There are special arrangements for the submission of assignments for students living outside the UK and Ireland. Please
refer to our website for more details.
Page 6
Tutorials
ActEds interactive tutorials are challenging and rewarding. Our tutors will help you to develop your higher-level understanding and
exam technique in an enjoyable environment. The maximum group size is usually 12 for face-to-face tutorials and 24 for live online
tutorials. Please refer to the latest Tuition Bulletin on our website for the full details of the courses on offer.
Regular Tutorials
Regular Tutorials are ideal if you want tuition throughout the session to make sure that
you fully understand the material as you progress through the course. Well expect
you to have read the relevant parts of the Course Notes before the tutorial and to work
hard on the day. Regular tutorials typically involve two or three days of tuition (five
days in CA1), spread throughout the study session. Late-starting Regular Tutorials
begin slightly later in the study session.
Block Tutorials
These are courses held closer to the exams, offered as an alternative to Regular
Tutorials, typically lasting two or three consecutive days (or a total of five days in
Subject CA1).
Live Online Tutorials
Live Online Regular or Block Tutorials are ideal if you like the discipline and motivation
of a structured and timetabled course but are unable to travel to one of our face-toface courses. We aim to replicate as closely as possible what you would experience on
a face-to-face tutorial but deliver it online.
Online Classroom
This is another online alternative to attending a Regular or Block Tutorial, so may

particularly appeal if there isnt a tutorial with suitable dates or location for you.
Students will have access for one exam session to pre-recorded tutorial units covering
the same topics and questions as used on a typical face-to-face tutorial. Students can
discuss problem areas amongst themselves and/or with a tutor using a discussion
forum.
Online classroom is currently available in all CT Subjects and Subjects CA1, CA2, CA3,
ST2 and ST5. Students attending a Regular or Block Tutorial in the same session may
purchase the Online Classroom at a significantly reduced cost. Registration will
automatically expire after the April 2014 (or September/October 2014) exam (for
Subjects CA2 and CA3 access is for 6-months from date of purchase). Please visit
www.ActEd.co.uk for more details.
Revision Tutorials
Revision Days and Online Revision Tutorials are designed to give additional practice
at interpreting and answering past exam questions. They are most suitable if you
have previously attended Regular or Block Tutorials in the relevant subject.
ExamExam-skills session
This course is designed to help you maximise your chance of passing your exam. Its
aimed at students sitting CA1 or an ST Subject for the first time. The online tutorial is
interactive and includes questions and short exercises. You are able to ask and
respond to questions via a written chat facility.
Subject CA2 Tutorials
The Preparation Day builds upon the CA2 Course Notes. It will help develop the
required documentation skills and technical Excel knowledge needed to pass Subject
CA2, using an exam-style question as a case study.
We offer the choice of an online or face-to-face course. Computers will be provided
on the face-to-face course for you to practise the key skills required.
Subject CA3 Tutorials
A choice of face-to-face tuition is offered consisting of a one-day preparation tutorial

and a realistic mock exam experience day. For more details please visit our website
at www.ActEd.co.uk.
Personal Tuition
Tuition on a one-to-one basis or for a small group of people is available on request.

It can be suitable for students who have particular needs that may not be met by our
public courses. Please contact us for more details.
Page 7
Advice for students

Advice for new students
Please read the IFoA Student Handbook carefully to understand how the exam system works. It is important that you start
studying as soon as possible we would expect this to be on or before 1 November 2013, so you should order your
materials and apply for tutorials as soon as possible.
If you are sitting a subject for the first time, we recommend that you order a Combined Materials Pack,
Pack Series X
Marking, and Mock Exam A with Marking (unless your employer will automatically purchase a Mock Exam for you).
Marking
Our Revision Notes, ASET, MyTest,
MyTest, Sound Revision and Flashcards are also very popular. For advice about which
products to chose, please read our product guide, which can be found on our website.
Our tutorials are also very helpful. You can choose between a Regular or Block Tutorial or for some subjects, a Live
Online Tutorial or the Online Classroom.
Classroom A Revision Day or an Online Revision Tutorial is a very useful addition.
Please note that there is a significant degree of overlap between Regular and Block Tutorials and we do not expect
students to attend both of these in a given subject in the same session. There is no overlap between Revision Tutorials
and other tutorials.
If you have not studied maths for a long period, you may find it useful to study the Foundation ActEd Course (FAC)
described on page 5. To help you judge whether or not you would find FAC helpful, visit our website at www.ActEd.co.uk,
where you will find an initial assessment. This contains typical mathematical problems that will be encountered in the
early actuarial exams. Some sample pages can also be found on the website. We have also produced an Online
Classroom to supplement FAC and complimentary access will be given to all new students this year when they purchase
their first CMP or a printed copy of FAC.
If you are sitting Subject CT3 and have never studied statistics before, you may find it useful to study StatsPack
alongside the Subject CT3 notes. StatsPack is described on page 5.
Advice for students retaking a subject

If you have the 2013 Combined Materials Pack and intend to retake a subject in April or September 2014, you should make
sure that your study material is up-to-date. Use the CMP Upgrade to find out how the Syllabus and Core Reading have
changed from 2013 to 2014. CMP Upgrades can be downloaded free of charge from our website at www.ActEd.co.uk.
Alternatively, you can purchase a CMP Upgrade at www.ActEd.co.uk/estore or by using the order form, which can be
downloaded from our website.
In many cases you will be able to use the CMP Upgrade to update your 2013 Combined Materials Pack manually. However,
in subjects where there have been many changes, you may prefer to, or may have to, purchase a new set of Course Notes or
a new Combined Materials Pack at a special retaker price. These prices can be found on page 12.
Whatever subject youre retaking, we recommend that you buy Mock Exam A or the Additional Mock Pack,
Pack the Revision
Notes and/or the Flashcards (if available and you havent purchased them before). See pages 3 and 4 for more details
about our revision products.
If you have not used marking before, then we recommend that you consider using Series X Marking.
Marking You might also
wish to get one or more Mock Exams marked this time. Results of a recent survey suggest that attempting the
assignments and mock exam and having them marked improves your chances of passing the exam.
If you havent already attended tutorials, youll find a Regular Tutorial,
Tutorial a Block Tutorial,
Tutorial or the Online Classroom very
useful. Alternatively, if you have previously attended tutorials in a subject you might prefer a Revision
Revision Tutorial.
Tutorial See
page 7 for more details about our tutorials.
Page 8
Advice for students

Advice for students waiting for exam results
We do not advise you to adopt a study strategy that might require you to cease studying partway through a session. We
recommend that you choose to study subjects at the beginning of the session with the expectation that you will sit those
exams. If you cannot judge how well you did in the last set of exams, dont start to study too many subjects in the next
session it is much better to take on an extra subject if you are ahead of schedule than it is to drop subjects midway
through the session and switch back to a previous subject.
If you might need to change your plans in the light of your exam results, then wed recommend that you apply for a Block
Tutorial or a latelate-starting Regular Tutorial rather than Regular Tutorials and that you choose Marking Vouchers rather
than Series Marking. This will give you much more flexibility should your plans change.
Advice for students studying Subjects CT7, ST6 or ST9

These subjects have moved away from the traditional Core Reading approach. Instead, the majority of the Core
Reading is replaced by references to the textbooks listed in the table below. As a result ActEds Course Notes in these
subjects are not intended to be used as stand-alone courses. Instead, the notes aim to summarise the key principles and
results and to explain in more detail the most difficult topics in the Syllabus. A Question & Answer Bank and a set of
Series X Assignments have been produced as normal.
ActEds full-price Combined Materials Pack in each subject will include the relevant textbooks, as well as the Course
Notes, Q&A Bank and X Assignments, in the bundled price. However, all of these items may also be purchased
individually. ActEds prices for purchasing the textbooks separately can be found in the table below and the prices of
ActEds other materials can be found on page 10.
CT7
Economics for Business by J. Sloman, K. Hinde and D Garratt, A Hunt (6th Ed),
ISBN 978-0-273-79246-8
48
ST6
Options, Futures and other Derivatives by J. C. Hull, (8th Ed), ISBN 978-0-273-75907-2
68
Financial calculus: an introduction to derivative pricing by M. Baxter and A. Rennie,

ISBN 978-0-521-55289-9
45
Enterprise Risk Management From Incentives to Controls by J. Lam, ISBN 978-0-471-43000-1
52
Financial enterprise risk management, by Paul Sweeting, ISBN 978-0-521-11164-5
60
ST9
Advice for students studying CA1 over two sessions

As the materials are updated yearly, students who plan to sit the exam in September 2014 but intend to start studying
before April 2014 will not need to update their 2014 materials. If you wish to use Series X Marking in Subject CA1 over
two sessions then please let us know this when you order. The Subject CA1 Online Classroom cannot be used over two
sessions without an additional purchase. We recommend that students either defer their purchase or take advantage of
the retaker rate for the second session.
Page 9
Prices
Core study
study materials
materials
Prices are quoted per individual
subject.
Combined Materials Pack (CMP)
CT7
116
146
66
48
Question and Answer Bank (included in CMP)

Series X Assignments (included in CMP)
Core Reading (incorporated in Course Notes)

c
CMP Upgrade
CA1
CA3
ST1, ST2,
ST4, ST5,
ST5,
ST7, ST8
ST6
ST9
409
69
210
270
230
44
118
44
153
36
128
25
SA1
SA16
includes Course Notes, Question and Answer

Bank (not in CA3), Series X Assignments
Course Notes (included in CMP)
CT1
CT16
CT8
16
(where available)
38
11
21
284
d
237
133
78
79
89
66
74
31
11
Notes
These prices are for fullfull- price material only. Please see page 12 for reducedreduced-rate material details. You may need to add despatch charges to the above prices.
Please see page 12 for details.
a.
Prices of printed CMPs/Course Notes and eBooks are the same except that VAT is added for orders of eBooks from within the EU. If the eBook is ordered in
addition to the paper product, the additional charge is 20 + VAT for each subject.
b.
Core Reading is only available from ActEd to student members of the IFoA who have purchased a CMP from ActEd in the same subject (ie since 1 September
2004).
c.
CMP Upgrades can be downloaded free of charge from our website. In some subjects a complete upgrade cannot be produced due to the large number of changes
made. Please visit www.ActEd.co.uk for details of the subjects affected.
d.
The CT7, ST6 and ST9 CMPs include the required textbooks. Please see page 9 for more details. The books are not included in the Course Notes.
Revision materials
Prices are quoted per individual subject and exclude VAT,
which will be added where indicated.
CT1
CT18
CA1
CA3
ST1, ST2,
ST4
ST49
SA1
SA16
ASET (available in CT1-CT8, CA1, CA3, ST1-2, ST4-9, SA2-4)
34
60
18
36
32
Mini-ASET (available in CT1-CT8, CA1, ST1-2, ST4-9, SA2-4)
11
21
Flashcards (VAT will be added to orders from within the EU,

available in CT1-8, CA1, ST1-2, ST4-5, ST7-9)
29
40
Mock Exam A (& Mock Exam B in Subject CA3)
15
31
17
17
28
56
28
Revision Notes (available in CT1-CT8, CA1, ST1-2, ST4-5, ST7-8)
59
103
70
26
35
28
44
58
58
22
29
29
Sound Revision (VAT will be added to orders from within the EU,
available in CT2, CT7-8, CA1, ST2, ST4-5)
MyTest first registration (VAT will be added to orders from within the
EU, available in CT1-2, CT7, CA1, ST2, ST4-5 and SA2)
MyTest re-registration (VAT will be added to orders from within the EU,
available in CT1-2, CT7, CA1, ST2, ST4-5 and SA2)
11
32
Note: The prices of Flashcards shown apply to both the printed and eBook product. If the eBook is ordered as an addition to the printed product, the additional charge is
11 (+ VAT for orders from within the EU) for each subject.
Practice Modules
Core Reading
Multi-choice Booklets
Page 10
P1
P1P6 (each incl P0)
P0 only
38
53
29
Prices
Prices shown exclude VAT, which will be added where indicated.
CA2 Course Notes
45
CA2 Marked Assignment Project I or 2 (+VAT in EU)
79
Foundation ActEd Course (FAC)
55
StatsPack (+VAT in EU)
60
Course Notes only
40
Online Classroom only (+VAT in EU)
40
Stats Refresher Online Tutorial (+VAT in EU)
25
Marking
Prices shown exclude VAT which will be
added.
CT1
CT18
CA1
CA3
ST1, ST2
ST2
ST4ST4-9
SA1
SA16
Series X Marking
202
490
211
301
332
Mock Exam A Marking
58
116
Marking Vouchers
58
65 per voucher
FaceFace-toto-face and Live Online tuition

Prices shown per student and exclude VAT which will be added.
CT Subjects
CA1, CA2,
CA3 Preparation Day,
ST and SA Subjects
CA3 Mock Exam Day

(includes marking)
Exam Skills
Face-to-face
127 per day

(64 per half-day)
140 per day

(70 per half-day)
209 per day
Live Online
110 per day

(55 per half-day)
120 per day

(60 per half-day)
32
Personal Tuition (Tuition on a one-to-one basis or for a

small group of people may be available on request. It can be
suitable for students who have particular needs that may not
be met by our public courses.)
100 per student per hour contact time plus 80 per hour non-contact time
(where relevant, eg for tutor preparation, marking etc), plus tutor travel
expenses (depending on location).
Please email [email protected] for more details.
Online Classroom
Prices are per exam session and exclude
VAT which will be added to orders from
within the EU.
EU.
Standard
price
Accompanying a
confirmed
3, 4 or 55-day tutorial
in the same session
Accompanying a
confirmed
2-day tutorial
in the same session
Retaker
Rate
CT2
196
25
25
80
All other CT Subjects
245
25
80
80
CA1
358
40
120
CA2
60
20
CA3
120
40
ST2 & ST5
265
27
85
The Retaker Rate only applies to students who have previously attended a 2, 3, 4 or 5-day tutorial with ActEd in the relevant subject, or who have previously purchased
the Online Classroom in the same subject. In Subject CA2 and CA3 only, the retaker rate applies to students booked onto a confirmed CA2 or CA3 Preparation Day or
who have previously attended a CA2 or CA3 Preparation Day.
All prices correct as at 1 October 2013 but may be subject to change.
P a g e 11
Discounted materials and despatch charges

Retaker discounts
CMP Upgrades (described on page 2) are available from our website at www.ActEd.co.uk. However, students retaking a
subject can also benefit from reduced-price Combined Materials Packs or Course Notes (printed or eBook). The discounts
apply only if you have previously purchased the equivalent full-price material in the same subject (ie since September 2004)
directly from ActEd. Discounts do not apply if your original course was supplied through a university or directly by the
Profession (in the UK or India).
When ordering retaker-price materials, please use the designated place on the order form or tick the relevant box when
using the e-store.
Subject
Retaker price for

printed CMP
Retaker price for printed

Course Notes
Retaker price for CMP

or Course Notes eBook
CT1-CT6, CT7 (without textbook), CT8
45
35
20 (+VAT in EU)
CA3
30
22
20 (+VAT in EU)
CA1, ST1, ST2, ST4, ST5,

ST6 (without textbooks), ST7, ST8,
ST9 (without textbooks), SA1-SA6
60
45
20 (+VAT in EU)
ReducedReduced-rate materials
Students living in countries that qualify for special overseas rate exam fees may also be eligible to purchase Combined
Materials Packs (excluding any relevant textbooks) at a discount. Please note that different despatch charges to those
shown below apply for these orders. Please refer to our website for more details:
www.ActEd.co.uk/Html/ordering_reduced_rate_material.htm.
Despatch charges
Charges are set out in the table below and must be added to the cost of the materials in order to calculate the total
amount to be paid. The despatch charge is on a per-copy basis, but we will reduce the charge by 9 (for orders
despatched to Ireland), 10 (Europe & South Africa), or 13 (rest of the world) for each additional item of study materials
ordered after the first (with a minimum total charge of zero). For example, if you live in Ireland and you order the CT6
CMP and CA2 Course Notes, the despatch charge will be 15 + 7 9 = 13.
Items are usually sent by courier except for smaller items sent to the UK and Ireland, which are sent via post or airmail.
Students based in non-EU countries may incur import tax on delivery of materials. Any charges levied by the customs
authorities are the responsibility of the recipient rather than ActEd.
UK
Ireland
and
Channel
Islands
Europe
South
Africa
Rest of
the
world
CT1-6, CT8, CA3, ST1, ST2, ST4, ST5, ST7, ST8

and SA CMPs, CA1, ST and SA Course Notes
15
19
31
CT7, CA1, ST6 & ST9 CMPs
15
24
36
CT and CA3 Course Notes; FAC; Revision Notes; ASET;

StatsPack
10
19
26
CA2 Course Notes; CMP Upgrade; Core Reading;

Flashcards*; Q&A Bank; Practice Module Booklets; textbooks
(each)
13
10
21
Mini-ASET; Mock A; Additional Mock Pack; Assignments;

CA2 MAP*; Sound Revision*
10
10
17
Despatch charges for printed material

(excluding VAT, which will be added for items marked *)
Please refer to page 13 for full details of our refund and cancellation policy.
All prices as at 1 October 2013 but may be subject to change.
Page 12
Refunds and cancellations

ActEds full Terms & Conditions and Privacy Policy, which include ActEds policy on cancellation and refunds can be viewed at
www.acted.co.uk/Html/terms_conditions.htm and a copy will be emailed to you once you have placed your order.
You can, subject to certain exceptions, cancel your order and obtain a full refund if you request it within a specified timeframe.
In order to cancel your place, please refer to our Terms and Conditions, which contain full details of our cancellation and refund
policies and our cancellation form.
Refunds cannot be given in the event of malfunction or incompatibility of your software or hardware, which is outside of ActEd's
control. Sufficient opportunity is given before a Live Online Tutorial and Exam-skills sessions for you to test your hardware and
software. We will also email you instructions on how to do this before the course.
If you receive reduced-rate access (ie accompanying a confirmed 2, 3, 4 or 5-day tutorial or confirmed CA2 or CA3 Preparation
Day in the same session) to the Online Classroom and subsequently cancel your tutorial place, then you will be invoiced for the
standard price of the Online Classroom (if used).
We do not advise you to adopt a study strategy that might require you to cease studying partway through a session.
If you might need to change your plans in the light of your exam results or gaining exemptions, then wed
recommend that you apply for a late
lat e-starting Regular Tutorial or a Block Tutorial,
Tutorial , rather than a standard Regular
Tutorial, and that you choose Marking Vouchers rather than Series Marking. You should also defer purchase of any
Online Classroom until after results. This will give you much
much more flexibility should your plans change.
Page 13
Students living outside the UK and Ireland

Most of the information in this brochure applies to students living outside the UK and Ireland. The main differences are described
below.
Your ActEd contact

All students (except those living in Australia and New Zealand) should direct queries to ActEds UK office and place orders
either by fax, post or through the e-store (at www.ActEd.co.uk/estore).
Students living in Australia and New Zealand should order all material and services through ActEd Australasia:
Acted Australasia
Suite 5, level 2
67 Castlereagh Street
Sydney NSW 2000
Tel +612 8015 7722
Fax: +612 8015 7723
Email: [email protected]
Website: www.ActEd.com.au
Students living in countries that qualify for special overseas rate exam fees may be eligible to purchase Combined Materials
Packs and the Online Classroom at a discount. Please refer to www.ActEd.co.uk/Html/ordering_reduced_rate_material.htm for
more details.
Study material
material
Materials may become available about one week later than the dates shown on page 16.
Students in countries outside of the EU may also incur import tax or a customs charge on delivery of materials. These
charges are levied by the customs authorities and are the responsibility of the recipient rather than ActEd.
Marking
Special arrangements are available to overseas students to help reduce postal delays when returning marked scripts.
Please visit www.ActEd.co.uk for more information.
Tutorials and webinars

Students may wish to attend one of our Block Tutorials held in the UK or use a Live Online Tutorial or the Online Classroom
where available. The latest Tuition Bulletin is available from our website or will be sent to you on request.
Page 14
ActEd and the Institute and Faculty of Actuaries

The role of ActEd, IFE and OTM
The Actuarial Education Company (ActEd) is a subsidiary of BPP Actuarial Education Ltd. ActEd is contracted to provide
actuarial tuition for students on behalf of Institute and Faculty Education Ltd (IFE), a subsidiary of the Institute and Faculty of
Actuaries (IFoA). The IFoA, through IFE, set ActEds prices each year. The Office of Tuition Monitoring (OTM) has
responsibility for monitoring the quality of all aspects of ActEds services to ensure that they meet strict standards. You
may meet members of OTM at ActEds tutorials from time to time.
All aspects of the examination process (Syllabus, Core Reading, exam dates, exam entry, exam setting, exam marking,
communication of exam results, and production of Examiners Reports) are the direct responsibility of the IFoA. Full details
of the examinations are given on the IFoA website.
Core Reading is produced by the Institute and Faculty of Actuaries. The purpose of Core Reading is to ensure that tutors,
students and examiners have a clear, shared appreciation of the requirements of the Syllabus for the examinations. The
Core Reading gives a complete coverage of the Syllabus so that the appropriate depth and breadth is apparent. In
examinations students are expected to demonstrate their understanding of the concepts in the Core Reading; these are
based on the legislation, professional guidance etc that are in force when the Core Reading is published, ie on 31 May in the
year preceding the examinations. Examiners have the Core Reading manual when setting the papers.
If you have any comments about ActEds services please contact Darrell Chainey (Managing Director) at ActEd in the first
instance. We will endeavour to act on any suggestions or complaints and we will copy correspondence to OTM where
appropriate. If you are unhappy with our response, you may take your complaint directly to OTM at Napier House.
The Institute and Faculty of Actuaries

The Institute and Faculty of Actuaries is responsible for professional matters including all aspects of the examination
system. All enquiries about the examination system should be directed to them:
Tel:
Fax:
Email:
Institute and Faculty of Actuaries

+44 (0) 207 632 2100
+44 (0) 1865 268211
[email protected]
Website:
www.actuaries.org.uk
For enquiries about Admissions please contact:

Post:
Tel:
Email:
Institute and Faculty of Actuaries, Maclaurin House, 18 Dublin Street, Edinburgh, EH1 3PP
+44 (0) 131 240 1325
[email protected]
Page 15
How to order
You can order your study materials and apply for tutorials at www.ActEd.co.uk/estore. Alternatively you can complete the
relevant order form, which can be found on our website at www.ActEd.co.uk. and send it to us by post or fax. We do not
accept orders by telephone, but we will be happy to give you advice if you call us.
Study materials are sent directly from our printers by courier (for large items) or first class post (for small items sent
within Europe). In most cases study material arrives within 45 working days of ordering, assuming the relevant
availability date stated below has passed. However, delivery may take slightly longer during the 23 weeks after each set
of exams and exam results. Items sent overseas may take considerably longer, so we recommend that you order as early
as possible.
Although some study materials are not available until midway through a session, you are encouraged to place your order
in full at the start of the session. Well despatch immediately all the items available at the time of your order and
automatically send any outstanding items as they become available.
Full details of our provisional tutorial timetable and more details of the application process for tutorials are set out in our
Tuition Bulletin, available on our website at www.ActEd.co.uk.
tutorial,, you should apply as soon as possible and
To maximise your chance of getting a place on your chosen tutorial
certainly well before the relevant finalisation date shown in the Tuition Bulletin.
Bulletin .
Expected availability dates for study material

Foundation ActEd Course
StatsPack & Stats Refresher
CA2 products
Available now
Available now
Available now
Combined Materials Pack (CT and CA subjects)

Combined Materials Pack (ST and SA subjects)
20 September 2013
4 October 2013
Please note that e-books may not be available until around 3 weeks after these dates, but we will release them as soon as we can.
CMP Upgrade 2013/14 (available free of charge from www.ActEd.co.uk)
Mock Exam A
Flashcards
Sound Revision
MyTest
18 October 2013
24 January 2014
13 December 2013
17 January 2014
13 December 2013
29 November 2013
ActEd Solutions with Exam Technique (ASET)

Mini-ASET
7 February 2014
15 August 2014
Revision Notes April 2014 exams

Revision Notes September 2014 exams
6 December 2013
18 April 2014
Online Classroom April 2014 exams

Online Classroom September 2014 exams
late October 2013

late May 2014
P a g e 16
Your journey through the Fellowship examinations
Core Technical Subjects

CT1
CT2
CT3
CT4
CT5
CT6
CT7
CT8
CT9
Financial Mathematics
Finance and Financial Reporting
Probability and Mathematical Statistics
Models
Contingencies
Statistical Methods
Business Economics
Financial Economics
Business Awareness Module (BAM)
There is one paper in each of Subjects

CT1CT8. Subject CT9 consists of
internet-based study, attendance at a
two-day course and internet-based
assessment. Please refer to the IFoA
website for more details.
All CT and CA subjects are

compulsory although you may be
exempt from one or more subjects
depending on your previous studies.
Core Application Subjects

CA1
CA2
CA3
Actuarial Risk Management

Model Documentation, Analysis and Reporting
Communications
There are two papers in Subject CA1.

Assessment in Subjects CA2 and CA3
takes place via a face-to-face or online
Practical Exam. Please refer to the IFoA
website for more details.
Specialist Technical Subjects

ST1
ST2
ST4
ST5
ST6
ST7
ST8
ST9
Health and Care

Life Insurance
Pensions and Other Benefits
Finance and Investment A
Finance and Investment B
General Insurance - Reserving and Capital Modelling
General Insurance - Pricing
Enterprise Risk Management
Students are required to take two

subjects only from ST1ST9.
There is one paper in each of Subjects

ST1-ST9 and SA1-SA6.
Specialist Application Subjects

SA1
SA2
SA3
SA4
SA5
SA6
Health and Care (UK)

Life Insurance (UK)
General Insurance (UK)
Pensions and Other Benefits (UK)
Finance (UK)
Investment (UK)
Students are required to take one

subject only from SA1SA6.
The IFoA recommends that every UKbased student taking a Specialist

Applications paper takes the relevant
UK Practice Module at the same time.
Please refer to the IFoA website for
more details.
All aspects of the examination process are the direct responsibility of the Institute and Faculty of Actuaries. You are advised to read the
Student Handbook issued by the IFoA for further information on the examinations or visit its website at www.actuaries.org.uk.

Tel: +44 (0) 1235 550005

Fax: +44 (0) 1235 550085
[email protected]
www.ActEd.co.uk

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The Actuarial Education Company

on behalf of the Institute and Faculty of Actuaries

The Actuarial Education Company

The Actuarial Education Company

Advice for students

Students waiting for results

Discounted materials and despatch charges

Refunds and cancellations

Students living outside the UK and Ireland

ActEd and the Institute and Faculty of Actuaries

ActEd student number:

Course Notes (incorporating complete Core Reading)

Question and Answer Bank (except for Subject CA3)

ActEds Series X Assignments contain a range of mainly exam-style questions (with

Question and Answer Bank

The Question and Answer Bank is a comprehensive bank of questions

CMP Upgrade 2013

Core Reading with a set of integrated short questions to develop your

up to ten years of relevant past exam questions with concise solutions

other useful revision aids.

Additional Mock Pack

CA2 Course Notes and

Solutions to Series X Assignments and Mock Exam A

Live Online Tutorials

This is another online alternative to attending a Regular or Block Tutorial, so may

Subject CA2 Tutorials

Subject CA3 Tutorials

A choice of face-to-face tuition is offered consisting of a one-day preparation tutorial

Tuition on a one-to-one basis or for a small group of people is available on request.

Advice for students

Advice for students retaking a subject

Advice for students

Advice for students studying Subjects CT7, ST6 or ST9

Financial calculus: an introduction to derivative pricing by M. Baxter and A. Rennie,

Enterprise Risk Management From Incentives to Controls by J. Lam, ISBN 978-0-471-43000-1

Financial enterprise risk management, by Paul Sweeting, ISBN 978-0-521-11164-5

Advice for students studying CA1 over two sessions

Question and Answer Bank (included in CMP)

Core Reading (incorporated in Course Notes)

includes Course Notes, Question and Answer

ASET (available in CT1-CT8, CA1, CA3, ST1-2, ST4-9, SA2-4)

Mini-ASET (available in CT1-CT8, CA1, ST1-2, ST4-9, SA2-4)

Flashcards (VAT will be added to orders from within the EU,

Mock Exam A (& Mock Exam B in Subject CA3)

Additional Mock Pack

Revision Notes (available in CT1-CT8, CA1, ST1-2, ST4-5, ST7-8)

CA2 Marked Assignment Project I or 2 (+VAT in EU)

Foundation ActEd Course (FAC)

StatsPack (+VAT in EU)

Course Notes only

Online Classroom only (+VAT in EU)

Stats Refresher Online Tutorial (+VAT in EU)

Mock Exam A Marking

FaceFace-toto-face and Live Online tuition

CA3 Mock Exam Day

127 per day

140 per day

209 per day

110 per day

120 per day