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Currently, it is only available for Mathematics and offered by the exam board Edexcel. They were introduced in 2002, in response to the UK Government's Excellence in Cities report, as a successor to the S-level examination, and aimed at the top 10% of students in A level tests. They are assessed entirely by external examinations.
Current exam FM: Financial Mathematics: 2005: Course 2 Current exam FAM: Fundamentals of Actuarial Mathematics: 2023: Part of exams LTAM and STAM Current exam SRM: Statistics for Risk Modeling: 2018: None: Current exam ALTAM: Advanced Long-Term Actuarial Mathematics: 2023: Part of exam LTAM Current exam ASTAM: Advanced Short-Term Actuarial ...
The Society of Actuaries (SOA) is a global professional organization for actuaries.It was founded in 1949 as the merger of two major actuarial organizations in the United States: the Actuarial Society of America and the American Institute of Actuaries. [1]
An actuarial qualification from the Institute and Faculty of Actuaries consists of a combination of the completion of various examinations and courses. The examinations are split into six sections: Core Mathematics (CM), Core Statistics (CS), Core Business (CB), Core Practice (CP), Specialist Practice (SP), and Specialist Applications (SA).
In June, Paper 3 of the Mathematics GCSE (Higher Tier, 1MA1/03) appeared to contain an exam question which was published in an AQA (another British exam board) Further Mathematics textbook. The exam question had the same diagram, values and answer as the question in the textbook. Pearson Edexcel said that they were investigating how this might ...
The Core Technical section consisted of the 8 exams and a “Business Awareness Module,” CT9. These were usually first sat by a candidate and included the underlying mathematics involved in actuarial work as well as an introduction to financial and economic issues. These were also the most common exams for which candidates may get exemptions.
A past paper is an examination paper from a previous year or previous years, usually used either for exam practice or for tests such as University of Oxford, [1] [2] University of Cambridge [3] College Collections. Exam candidates find past papers valuable in test preparation.
Since the 2025 entry application cycle, the STEP exams have been superseded by the TMUA exam at Imperial College London and the University of Warwick. Candidates applying to study mathematics at the University of Cambridge are almost always required to take STEP as part of the terms of their conditional offer.