The Trust offers bursaries & prizes to undergraduates in the final year of an Actuarial Science degree course at a UK university.

The Trust does not provide bursaries or prizes for postgraduate students. This includes those studying for Master’s degrees in Actuarial Science.


The award of a bursary is based on need and is not intended to denote academic merit or performance. Applicants are required to:-

  • Provide detailed information concerning their financial position.
  • Be making good progress in their examinations and have achieved and be likely to continue to achieve the maximum possible number of exemptions from the IFoA examinations.
  • Demonstrate their genuine, serious intentions of joining the IFoA, pursuing the remaining examinations and qualifying with the UK professional body.

Applications are made through the Actuarial Science department of the University and have to be supported by their university.
University Prizes

Prizes are awarded for outstanding performance in the penultimate year examinations.  Certificates & cheques are presented usually at an event such as the WCA lecture at the university.