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Review of SOA Curriculum Changes

The ACTEX team is working with our authors and instructors to adapt existing or create new study materials, online courses, and texts. Our staff is ready to support students and educators who are navigating these changes. If you have questions, concerns, or feedback throughout this transition, we encourage you to contact us. We're here to help!

Download this ASA summary as a PDF File.


Review of 2022 Curriculum Changes & Exam Transitions


There can be a lot of questions surrounding the SOA syllabus changes for 2022/2023. If you have already attained your ASA, congratulations! These changes have no impact on your status, and you need not be too concerned about them unless you have an ASA candidate reporting to you. However, if you have not yet attained your ASA, then you need to become familiar with the changes and develop a strategy for responding to them that makes sense for you.

For those that are impacted, below you’ll find a consolidated list of information per exam and what to do based on when you would like to sit for either the current or new exams.


Exam P

Covers exams held up until September 2022

What to do if:

  1. You are scheduled to take exam P in January, March, May, or July 2022:
    1. Buy the ACTEX Fall 2021 P Manual or the ASM 4th Edition P Manual (current syllabus material)
    2. If you do not pass, you will be able to use a Transitional Pass Guarantee.

  2. You are taking exam P in or after September 2022:
    1. Buy the ACTEX or ASM material that is currently available to start studying early. If you sit early under the current syllabus, you will be able to use a Transitional Pass Guarantee.
      1. NOTE: Most of the changes for the P syllabus are topics being dropped (apart from two small topics that are already covered in the ACTEX Study Manual Program). If you purchase material for the current syllabus, we expect you to be prepared for the exam with the new syllabus.
    2. Wait to purchase the new material that is expected to be available shortly after the final syllabus is released, around mid to late March.

Exam FM

Covers exams held up until October 2022

What to do if:

  1. You are scheduled to take exam FM in February, April, June, or August 2022:
    1. Buy the ACTEX Fall 2021 FM Manual or the ASM 15th Edition FM Manual. (current syllabus material)
    2. If you do not pass, you will be able to use a Transitional Pass Guarantee.

  2. You are taking exam FM in or after October 2022:
    1. Buy the ACTEX or ASM material that is currently available to start studying early. If you sit early under the current syllabus, you will be able to use a Transitional Pass Guarantee.
      1. NOTE: All of the changes for the FM syllabus are topics being dropped. If you purchase material for the current syllabus, we expect you to be prepared for the exam with the new syllabus.
    2. Wait to purchase the new material that is expected to be available shortly after the final syllabus is released, around mid to late March.

Exam FAM/FAM-S/FAM-L

What to do if:

  1. You are planning to sit for FAM, FAM-S, or FAM-L in October 2022:
    1. The draft syllabus was announced by the SOA here: ASA Pathway Changes and Transition Information | SOA
    2. We have started working with ACTEX and ASM authors to develop study material expected to be available in May 2022.
      1. If you want to start preparing today, our current STAM and LTAM study manuals cover approximately 90% of the FAM, ASTAM and ALTAM syllabus.

Exam ASTAM and ALTAM

What to do if:

  1. You are planning to sit for ASTAM or ALTAM in Spring 2023:
    1. The draft syllabus was announced by the SOA here: ASA Pathway Changes and Transition Information | SOA
    2. We have started working with ACTEX and ASM authors to develop study material expected to be available in Fall 2022.
      1. If you want to start preparing today, our current STAM and LTAM study manuals cover approximately 90% of the FAM, ASTAM and ALTAM syllabus.

  1. You are planning to sit for ATPA in June 2022:
    1. The draft syllabus was announced by the SOA here: ASA Pathway Changes and Transition Information | SOA
    2. We have started working with authors to develop study materials for the core modules for the new syllabus. The materials will start to be released in February 2022 and will continue to be released over a 2-month period.

ACTEX Learning Conditional Pass Guarantee

ACTEX Learning is committed to helping you pass your actuarial exams, and we will continue to assist you through the changes to the SOA's exam pathway!

If you have purchased the ACTEX or ASM Study Manual for sittings before the new exams are set to start (September 2022 for P and October 2022 for FM), and do not receive a passing score, you will be supported from the old syllabus to the new!


  1. If the original purchase was a 6-month license, and the Pass Guarantee has already been activated towards an exam sitting for the current syllabus:
    1. A student must sit for an exam based around the current syllabus and receive a non-passing score.
    2. Students are eligible to receive a one-time 6-month Transitional Pass Guarantee to the upcoming P and FM syllabus starting September/October 2022.
    3. No further extensions are available, regardless of whether the students sit for the Fall 2022 exams starting September/October 2022.

  2. If the original purchase was a 6-month license for the current syllabus (any sitting available until the September/October 2022 have started):
    1. A student must sit for an exam based around the current syllabus and receive a non-passing score.
    2. Students are eligible to receive a one-time 6-month Transitional Pass Guarantee to the upcoming P and FM syllabus starting September/October 2022.
    3. c. Students who do not receive a passing score on the September/October 2022 P or FM exam sittings are eligible for a one time 6-month Pass Guarantee.
      1. 6-month license will start at the time the Pass Guarantee is requested.
    4. No further extensions are available.

  3. If the original purchase was a 12-Month License or Print Copy, regardless of whether the Pass Guarantee has been used:
    1. A student must sit for an exam based around the current syllabus and receive a non-passing score.
    2. Students are eligible for a 6-month Transitional Pass Guarantee to the upcoming P and FM syllabus starting September/October 2022.
      1. i. Standard unlimited 6-Month Pass Guarantee rules will apply. (Unlimited 6-Month Pass Guarantee to the new syllabus of P and FM).

If you have purchased the ACTEX or ASM Study Manual for the Exam LTAM or STAM Spring 2022 sitting, and do not receive a passing score, you will be supported from the Spring 2022 sitting through the Fall 2022 FAM exam sitting!


  1. If the original purchase was a 6-month license, and the Pass Guarantee has already been activated toward the Spring 2022 exam sitting:
    1. A student must sit for the Spring 2022 exam, and receive a non-passing score.
    2. Students are eligible to recieve a one-time 6-month Transitional Pass Guarantee to the upcoming FAM study manual for the Fall 2022 sitting.
    3. No further extensions are available, regardless of whether the students sit for the Fall 2022 exam.

  2. If the original purchase was a 6-month license for the Spring 2022 sitting (The first sitting available after purchase):
    1. A student must sit for the Spring 2022 exam, and receive a non-passing score.
    2. Students are eligible to receive a one-time 6-month Transitional Pass Guarantee to the upcoming FAM study manual for the Fall 2022 sitting.
    3. Students who do not receive a passing score on the Fall 2022 FAM exam siting are eligible for a one time 6-month Pass Guarantee for the February 2023 sitting of Exam FAM.
    4. No further extensions are available, regardless of whether the students sit for the February 2023 Exam.

  3. If the original purchase was a 12-Month License or Print Copy, regardless of whether the Pass Guarantee has been used:
    1. A student must sit for the Spring 2022 exam sitting, and receive a non-passing score.
    2. Students are eligible for a 6-Month Transitional Pass Guarantee for the Fall 2022 FAM exam sitting.
      1. Standard unlimited 6-Month Pass Guarantee rules will apply. (Unlimited 6-Month Pass Guarantee to FAM as long as students sit for each available exam sitting and receive a non-passing score.)

ACTEX Blog Post - Ten Pearls of Wisdom

Change can be tough, particularly when it happens suddenly. By now, you will have heard about the substantial revision that the SOA has planned for its Associate-level exams and be wondering what this means for you.

If you have already attained your ASA, congratulations! These changes have no impact on your status, and you need not be too concerned about them unless you have an ASA candidate reporting to you. However, if you have not yet attained your ASA, then you need to become familiar with the changes and develop a strategy for responding to them that makes sense for you.

We have put together a list of considerations and pearls of wisdom that you may find helpful when navigating the changes during the transition period. However, keep in mind that everyone's circumstances are different and only you know what strategy is likely to work best for you.

Pearl of Wisdom #1:

Do not put your career on hold. Continue to take (and hopefully pass) exams during the transition period.

Remember why you started taking actuarial exams in the first place. It was probably because you wanted to become an actuary or open doors to a variety of rewarding careers that combine business and the mathematical sciences. Unless your goals have changed, you should continue to take exams during the transition period. The SOA's transition rules are usually very generous, so unless you repeatedly fail an exam that is being discontinued, you should not worry that the time spent studying for exams will be wasted.

Pearl of Wisdom #2:

If you have already begun to prepare for an exam that is being discontinued, you should continue to prepare, but make a concerted effort to pass the exam as soon as possible during the transition period.

The only ASA exam that is being discontinued is IFM (Investments and Financial Markets). The final administration of this exam will be in November 2022. Hence, if you have already begun to prepare for exam IFM, rest assured that you will have more than one opportunity to pass it. However, do not wait until November 2022. Make a concerted effort to take the exam before November 2022 so that you have at least two opportunities to pass it. If you wait until November 2022 and are not successful, then the time spent studying for IFM will be wasted, at least from the perspective of completing your ASA.


Read more on the ACTEX Learning Blog!