Past exam papers and examiners’ reports

On this page you will find past papers and examiners’ reports going back to 1999.

Before sitting an examination, exam candidates can also read our ‘hints and tips’ guide: How to use your examination time (64.7 KB PDF)

You can find CB1 and CB2 OBA practice questions and familiarisation exams on our Business curriculum web page.

 

2023 to 2019

CS1A / CS1B CS2A / CS2B CM1A / CM1B CM2A / CM2B CB1 CB2    
SA1 SA2 SA3 SA4 SA7      
SP1 SP2 SP4 SP5 SP6 SP7 SP8 SP9
CP1 paper 1 CP1 paper 2 CP2 paper 1 CP2 paper 2 CP3      
Exam papers and examiners’ reports: September 2023

 

CS1A / CS1B CS2A / CS2B CM1A / CM1B CM2A CM2B CB1 CB2    
SA1 SA2 SA3 SA4 SA7      
SP1 SP2 SP4 SP5 SP6 SP7 SP8 SP9
CP1 paper 1 CP1 paper 2 CP2 paper 1 CP2 paper 2 CP3      
Exam papers and examiners’ reports: April 2023

 

CS1A CS1B CS2A / CS2B CM1A CM1B CM2A CM2B CB1 CB2    
SA1 SA2 SA3 SA4 SA7      
SP1 SP2 SP4 SP5 SP6 SP7 SP8 SP9
CP1 paper 1 CP1 paper 2 CP2 paper 1 CP2 paper 2 CP3      
Exam papers and examiners’ reports: September 2022

 

Exam papers and examiners’ reports: April 2022
CS1A CS1B CS2A CS2B CM1A CM1B   CM2A CM2B CB1 CB2    
CP1 paper 1 CP1 paper 2 CP2 paper 1   CP2 paper 2 CP3      
SP1 SP2 SP4   SP5 SP6 SP7 SP8 SP9
SA1 SA2 SA3   SA4 SA7      

 

Exam papers and examiners’ reports: September 2021
CS1A CS1B CS2A CS2B CM1A CM1B CM2A CM2B CB1 CB2    
CP1 paper 1 CP1 paper 2 CP2 paper 1 CP2 paper 2 CP3      
SP1 SP2 SP4 SP5 SP6 SP7 SP8 SP9
SA1 SA2 SA3 SA4 SA7      

 

Exam papers and examiners’ reports: April 2021
CS1A CS1B CS2A CS2B CM1A CM1B CM2A CM2B CB1 CB2    
CP1 paper 1 CP1 paper 2 CP2 paper 1 CP2 paper 2 CP3      
SP1 SP2 SP4 SP5 SP6 SP7 SP8 SP9
SA1 SA2 SA3 SA4 SA7      

 

Exam papers and examiners’ reports: September 2020
CS1A CS1B CS2A CS2B CM1A CM1B CM2A CM2B CB1 CB2    
CP1 paper 1 CP1 paper 2 CP2 paper 1 CP2 paper 2 CP3      
SP1 SP2 SP4 SP5 SP6 SP7 SP8 SP9
SA1 SA2 SA3 SA4 SA7      

 

 

September 2020 specimen questions and solutions

 

Exam papers and examiners’ reports: April 2020
CB1 CB2 CP1 paper 1 CP1 paper 2 CP2 paper 1 CP2 paper 2 CP3  
SP1 SP2 SP4 SP5 SP6 SP7 SP8 SP9
SA1 SA2 SA3 SA4 SA7      
Exam papers and examiners’ reports: September 2019
CS1A CS1B CS2A CS2B CM1A CM1B CM2A CM2B CB1 CB2    
CP1 paper 1 CP1 paper 2 CP2 paper 1 CP2 paper 2 CP3      
SP1 SP2 SP4 SP5 SP6 SP7 SP8 SP9
SA1 SA2 SA3 SA4 SA7      
Exam papers and examiners’ reports: April 2019
CS1A CS1B CS2A CS2B CM1A CM1B CM2A CM2B CB1 CB2    
CP1 paper 1 CP1 paper 2 CP2 paper 1 CP2 paper 2 CP3      
SP1 SP2 SP4 SP5 SP6 SP7 SP8 SP9
SA1 SA2 SA3 SA4 SA7      

 

2018 to 1999

Exam papers and examiners’ reports: 2005 to 2018
CS1 
(CT3)
CS2 
(CT4/CT6)
CM1
(CT1/CT5)
CM2
(CT8)
CB1
(CT2)
CB2 
(CT7)
     
CP1
(CA1)
CP2
(CA2)
CA3/CP3            
SP1
(ST1)
SP2
(ST2)
ST3 
(Retired)
SP4
(ST4)
SP5
(ST5)
SP6
(ST6)
SP7
(ST7 - first sat in 2010)
SP8
(ST8 - first sat in 2010)
SP9
(ST9 - first sat in 2010)
SA1 SA2 SA3 SA4 SA5
(Retired)
SA6
(Retired)
     
Certificate in Practical Financial Economics 2005-2007
Exam papers and examiners’ reports: 1999 to 2004
101 Statistical modelling 2000-2004 102 Financial mathematics 2000-2004
103 Stochastic modelling 2000-2004 104 Survival models 2000-2004
105 Actuarial mathematics 1 2000-2004 106 Actuarial mathematics 2 2000-2004
107 Economics 2000-2004 108 Finance and financial reporting 2000-2004
109 Financial economics 2000-2004  
201 Communications 1999-2004 301 Investment and asset management 1999-2004
302 Life insurance 1999-2004 303 General insurance 1999-2004
304 Pensions and other benefits 1999-2004 305 Finance and investment 2003-2004
401 UK Fellowship Investment and asset management 1999-2004 402 UK Fellowship Life insurance 1999-2004
403 UK Fellowship General insurance 1999-2004 404 UK Fellowship Pensions 1999-2004
Advanced Certificate in Derivatives 1999-2004 Certificate in Derivatives 1999-2004
Resources

Qualification Handbook

General information and practical advice that will be useful in your studies.

Find out more

Curriculum

Find out everything you need to know about what to study, syllabi and more

Learn more

Exam news

Get all the updates on the introduction of our new exam system and objective based assessments, and all other IFoA exam news
Read more
Contact us

Contact us

If you have any questions about membership please email us or call us on +44 (0) 131 240 1325. Response times can be found in our membership FAQs.

Email Member Services