Continuing Professional Development is formally defined by the profession as the maintenance, improvement and broadening of knowledge and skills, and the development of the personal and professional qualities needed throughout an actuary’s working life. The overriding obligation of actuaries, as set out in their Professional Conduct Standards (PCS), is that they should practise only in areas in which they are competent. The objectives of the CPD requirements are:
- to ensure that all actuaries develop and maintain the professional skills they need
- to ensure that others can trust that they have done so.