Continuing Professional Development (CPD)

Continuing professional development (CPD) is essential for all members of the Society. ASSA has introduced an output based system that is being phased in to replace the existing time-based system. This will allow you to focus on what you need to learn and develop and not on how many hours you spend. The CPD Committee, Professional Matters Board and Council, therefore, strongly recommend that you embrace and participate in the new scheme.

“Old” CPD Time based

“New” CPD Outcomes based

What is CPD?

A programme that sets guidance through its requirements to foster member engagement in lifelong professional learning. This includes the maintenance, improvement and broadening of knowledge and skill, and the development of the personal qualities necessary for the execution of professional and associated duties throughout the actuary’s working lifetime. Read more about how ASSA understands and interprets CPD .

The CPD framework is designed to support the three pillars of the professional promise and learning should be demonstrated across all three strands:

Cognitive strand

Developing technical skills and abilities

Normative strand

Developing behavioural, professional and supporting knowledge and skills

Organisational strand

Developing the Society as a professional body and growing the profession

Why is CPD important?

It’s all about delivering on our professional promise: To meet the highest professional standards, expand expertise as market conditions change to new areas of specialisation, to build a reputation for relevance both locally and abroad and to inform public debate by harnessing our member expertise.

Who needs to do CPD?

CPD is compulsory for all designated members of the Society as well as long-standing Student and Affiliate Members with more than ten years of membership with the Society.

What is the change in CPD all about?

ASSA has introduced the option to structure your CPD in cycles supporting your career with the introduction to outcomes-based CPD . Members will no longer be required to use a time-system of hours to meet their learning and development needs. Read more about the CPD transitional guidelines of how the change will be approached.

How do I go about doing CPD?

Members can choose which of the 2 options to follow during the transition period up to 30 November 2017. Note that new Fellow and Associate members must comply with outcomes-based CPD.

When do I complete my CPD?

CPD is an ongoing process of professional development. However, for record keeping purposes the CPD year runs from 1st December to 30th November. Confirmation of CPD compliance must be logged before 1st March of the following year. Although not recommended members may average their CPD activities over a two-year period.

Note that outcomes-cased CPD will become mandatory effective 1 December 2018.

Where do I record my CPD?

For the Time-based CPD option, login to your member profile to complete your CPD records for certification purposes. Communication will be sent to members who opted for outcomes-based CPD on how to record their CPD closer to the end of the CPD year.

What if I have more CPD questions?

Useful frequently asked CPD questions are available that may just answer your question. If you are still unsure direct your enquiry to cpdqueries@actuarialsociety.org.za

CPD- Additional Information