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Qualification Pathway
United Kingdom — Fellowship: Specialist Principles
Pensions and Other Benefits Principles (SP4) Exam
Learn the principles of pensions and other benefits: provision, design, financing, valuation and risk.
Learning Objectives
5 objectives
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Describe who provides benefits (State, employers, individuals) and the roles of the stakeholders, including the impact of sponsor covenants.
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Explain how benefits are financed and how a suitable scheme design is chosen.
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Identify the risks facing a scheme, and the accounting and investment-strategy considerations.
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Use models to value benefits and contributions and to set funding methods and assumptions.
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Identify the sources of surplus or deficit.
Programme Outline
5 topics
1
Pension Provision and General Business Environment
Stakeholders' roles, benefit provision by the State, employers and individuals, and sponsor covenants.
2
Scheme Design and Financing
How benefits can be financed and what to consider when designing a scheme.
3
Managing Schemes and Risks
Risks to schemes, accounting standards, options for members, and investment strategy.
4
Models, Valuations and Setting Assumptions
Models for decisions, valuation methods and assumptions, and discontinuance terms.
5
Monitoring Experience and the Actuarial Control Cycle
Sources of surplus or deficit and what affects how it is used.
Hands-On Resources
Missed a live session? Catch up here.
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Recorded Lectures
Every live session is recorded and available within 24 hours.
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Case Study Library
Real-world actuarial science case studies used throughout the course.
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Practice Question Bank
Exam-style questions with full worked solutions.
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Qualification Pathway
26 examinations
1
United Kingdom — Core Principles
Actuarial Statistics (CS1) Exam
£2,100.00
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2
United Kingdom — Core Principles
Risk Modelling and Survival Analysis (CS2) Exam
£2,100.00
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3
United Kingdom — Core Principles
Actuarial Mathematics for Modelling (CM1) Exam
£2,100.00
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4
United Kingdom — Core Principles
Economic Modelling (CM2) Exam
£2,100.00
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5
United Kingdom — Core Principles
Business Finance (CB1) Exam
£2,100.00
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6
United Kingdom — Core Principles
Business Economics (CB2) Exam
£2,100.00
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7
United Kingdom — Core Principles
Business Management (CB3) Assessment
£2,100.00
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8
United Kingdom — Core Practices
Actuarial Practice (CP1) Exam
£2,500.00
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9
United Kingdom — Core Practices
Modelling Practice (CP2) Exam
£2,500.00
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10
United Kingdom — Core Practices
Communications Practice (CP3) Exam
£2,500.00
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11
United Kingdom — Fellowship: Specialist Principles
Health and Care Principles (SP1) Exam
£2,900.00
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12
United Kingdom — Fellowship: Specialist Principles
Life Insurance Principles (SP2) Exam
£2,900.00
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13
United Kingdom — Fellowship: Specialist Principles
Pensions and Other Benefits Principles (SP4) Exam
£2,900.00
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14
United Kingdom — Fellowship: Specialist Principles
Investment and Finance Principles (SP5) Exam
£2,900.00
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15
United Kingdom — Fellowship: Specialist Principles
Financial Derivatives Principles (SP6) Exam
£2,900.00
View →
16
United Kingdom — Fellowship: Specialist Principles
General Insurance Reserving and Capital Modelling Principles (SP7) Exam
£2,900.00
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17
United Kingdom — Fellowship: Specialist Principles
General Insurance Pricing Principles (SP8) Exam
£2,900.00
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18
United Kingdom — Fellowship: Specialist Principles
Enterprise Risk Management Specialist Principles (SP9) Exam
£2,900.00
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19
United Kingdom — Fellowship: Specialist Principles
Banking Principles (SP10)
£2,900.00
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20
United Kingdom — Fellowship: Specialist Advanced
Health and Care Advanced (SA1) Exam
£3,400.00
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21
United Kingdom — Fellowship: Specialist Advanced
Life Insurance Advanced (SA2) Exam
£3,400.00
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22
United Kingdom — Fellowship: Specialist Advanced
General Insurance Advanced (SA3) Exam
£3,400.00
View →
23
United Kingdom — Fellowship: Specialist Advanced
Pensions and Other Benefits Advanced (SA4) Exam
£3,400.00
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24
United Kingdom — Fellowship: Specialist Advanced
Investment and Finance Advanced (SA7) Exam
£3,400.00
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25
United Kingdom — Fellowship: Specialist Advanced
Banking Advanced (SA10)
£3,400.00
View →
26
United Kingdom — Fellowship: Specialist Advanced
Research Route Dissertation (SA0)
£3,400.00
View →
Accounting
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Finance & Investment
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Actuarial Science
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Risk Management
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Executive Education
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Accounting
◆
Finance & Investment
◆
Actuarial Science
◆
Risk Management
◆
Executive Education
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