Overview:

These subjects extend the techniques and applications learned in the Associate subjects to a more in-depth level by focusing on specific practice areas.

There are two options for students to complete this part:

• Students do these courses at accredited Universities as part of a post-graduate course and, on attaining a sufficient standard in the examination, they will be recommended for exemption from the equivalent professional subject; or
• Students pass the Actuarial Society examination in the subject. These examinations are the same as the university papers, and the pass standard is the same as the exemption standard for the equivalent university course.

For F106, Actuarial Society members write the equivalent Institute and Faculty examination (ST9) as members of the Society, without having to join the UK organisation.