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  #51  
Old 12-31-2018, 05:56 PM
Kalium Kalium is offline
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Quote:
Originally Posted by almost_there View Post
A few people- you mean thousands?

No one should need to be tested on competencies twice.

IFoA should compensate anyone disadvantaged. Some people have sat CT exams numerous times at their own cost and time only to find their pass rendered worthless.
On reflection, you are right on the first point - there could have been of the order of 1000-2000 initially who had to pass one or two exams in those 3-4 sittings in order to get full credit for an existing pass. But it's not like they weren't given the opportunity (which clearly would have been unfair). And with three or four attempts available at each exam, the number ultimately adversely affected should have been small.
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  #52  
Old 01-01-2019, 02:34 AM
almost_there almost_there is offline
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It's more than that. See the info straight from IFoA in this opening post on acted

https://www.acted.co.uk/forums/index...02/#post-57709
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  #53  
Old 01-01-2019, 05:43 AM
Kalium Kalium is offline
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You've lost me now. Those numbers are for people who haven't taken CT3 or CT8, which transition directly to CS1 and CM2 respectively, so they are neither advantaged nor disadvantaged.
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  #54  
Old 01-01-2019, 05:45 AM
almost_there almost_there is offline
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Originally Posted by Kalium View Post
You've lost me now. Those numbers are for people who haven't taken CT3 or CT8, which transition directly to CS1 and CM2 respectively, so they are neither advantaged nor disadvantaged.
False. They become two exams. You really should ascertain facts before blindly defending IFoA. Actuary is meant to be evidence leading to conclusions.
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  #55  
Old 01-01-2019, 07:13 AM
Kalium Kalium is offline
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No. They are new single exams, but with the assessment split across both a written paper and a practical computing assessment (R for CS1, Excel for CM2). Many people would say that the practical assessment is a really positive, and overdue, step.

It is really stretching a point to claim it means that everyone who hasn't passed CT3 or CT8 is being disadvantaged. For many the new exam structure will be a very positive advantage, with their practical computing skills outweighing possible shortcomings in the written exam.
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  #56  
Old 01-01-2019, 09:11 AM
almost_there almost_there is offline
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Originally Posted by Kalium View Post
It is really stretching a point to claim it means that everyone who hasn't passed CT3 or CT8 is being disadvantaged.
False. Are you genuinely misinformed/ignorant or are you deliberately spreading misinformation here to try and save IFoA's blushes? Perhaps you should read the Curriculum 2019 guide before commenting further.

CT3 was a 3-hour paper. CT3 becomes CS1. CS1 has two elements of assessment (a) 3 hours 15 minutes paper-based assessment (b) 1 hour 45 minutes problem-based assessment. Also you can't sit and pass them separately as IFoA has misinformed students previously. You need to know R to pass CS1. Recommended study hours for CS1 is 200 compared to 125-150 for CT3.
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  #57  
Old 01-01-2019, 10:59 AM
muppet muppet is offline
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Viewed in isolation, you are going to have to do a bit more for CS1, but if you've failed CT3 (statistics) you are going to be right at the start of your journey and will save some other exam time else where.
Hence it's no big deal and there's certainly no need to be so rude in reply. Happy New Year!
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Last edited by muppet; 01-01-2019 at 02:22 PM..
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  #58  
Old 01-01-2019, 11:09 AM
almost_there almost_there is offline
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Originally Posted by muppet View Post
Viewed in isolation, you are going to have to do a bit more for CS1, but if you've failed CT3 (statistics) you are going to be right at the start of your journey and will save some other exam time else where.
What? Explain.
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  #59  
Old 01-04-2019, 07:53 PM
actuaryleaks101 actuaryleaks101 is offline
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Originally Posted by almost_there View Post
Why don't you look at the IFoA website instead of expecting someone to provide you with a personal summary?
The Actuaries on the other side of the pond appear to be a bit lazy...
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  #60  
Old 01-04-2019, 07:55 PM
actuaryleaks101 actuaryleaks101 is offline
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Quote:
Originally Posted by PeppermintPatty View Post
Yeah, the societies need to be able to change the exams on some timetable, otherwise they can never improve them or change them to keep up with the times. While transitions are always unpleasant, this one sounds reasonable to me.
Reasonable to you??? Based on what objective basis???
BTW, I hope you haven't robbed a bank to fund your studies..
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