As an accredited employer, LCP can use its own appraisal system to review and document work-based skills acquisition for those members of staff studying to qualify as actuaries. This means that actuarial students working at LCP will no longer need to complete work-based skills documentation, thus removing a duplication of time and effort from the student.
Amanda Eyres, training and development manager at LCP said: ‘We have been working closely with the Institute and Faculty of Actuaries since details of the new accreditation system were launched and we are extremely proud to become the first company to receive accreditation. Our staff are key to the future growth and success of our business, and this accreditation underlines the rigour of LCP’s training, development and appraisals process for the actuaries of the future.’
Trevor Watkins, director of education at the Institute and Faculty of Actuaries, said: ‘Acquiring, reflecting on and recording work-based skills is a crucial part of qualifying as an actuary. The aim of the new accreditation is to ensure that students understand the interaction between theory and practice and that they and their supervisors are able to regularly review progress and agree areas for development.’
Find out more about what it’s like to join an actuarial graduate training scheme.