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Topic outline
- Rounding Up
Synopsis:
Sian started doing some e-learning modules and noticed that the quizzes appeared to be based on assessment questions that she had previously completed last year. As she referred to some notes from the previous year, she completed the module in a third of the time but recorded the full time allocated to complete the modules. Is there anything wrong with Sian counting this work-based learning towards the mandatory CPD requirements?
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Discussion points:
- Is there anything wrong with Sian counting work-based learning towards their mandatory CPD requirements?
- Rounding Up: Discussion Points and Feedback
Feedback:
Is there anything wrong with Sian counting work-based learning towards their mandatory CPD requirements?
- Not in principle but:
- If the actuary did not learn anything and just did the quiz to confirm their knowledge the activity was not CPD...
- ... however, if they learned the material through on the job learning, it may still be appropriate to record something.
- The number of hours the actuary is claiming should be commensurate with the learning activity (the actuary completed the e-learning modules in 1 hour).
- The learning need should be for the actuary’s professional development, and the actuary should record enough information to support their RPD discussion. Recording as “mandatory training” is unlikely to be sufficient detail.
- Mandatory training can be recorded as CPD where it meets a learning need for the actuary, this could include:
- People Management training – to develop skills related to managing others, particularly if this is a recent expectation of the actuary or has been identified as an area for improvement.
- Project Management training – particularly if the actuary is expected to manage projects in their day-to-day role.
- Training specific to their own role – not all technical training needs to be traditionally actuarial, for example actuaries may have learning needs relevant to sectors beyond GI, life, pensions – e.g. climate risk, data science, banking, asset management, education.
- Softer skills such as writing, speaking, presenting, sales, etc.
- Not all learning needs to come from facilitated training, actuaries may record learning they obtain:
- On the job – learning by doing something new.
- Reviewing or reading – learning through self-study.
- Researching – including on working parties or preparing a presentation.
- … however, the hours recorded should be commensurate with the time actually spent learning (which may be less than the total time spent).
- Feedback
- Claim CPD
