We are seeking approval for the introduction of the following courses within the school of Computing Sciences:

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1 LTC16D089 Title: Author: Date: Circulation: Agenda: Version: Status: New Course Proposals: BSc Actuarial Sciences BSc Actuarial Sciences with a year in industry Karin Goodby 03 March 2017 List of recipients - LTC16A004 Learning and Teaching Committee 15 March 2017 Final Open Issue We are seeking approval for the introduction of the following courses within the school of Computing Sciences: BSc Actuarial Sciences BSc Actuarial Sciences with a year in industry Approval would result in the closure of the following BSc programmes for new entry from : U1N U1N ACTUARIAL SCIENCES ACTUARIAL SCIENCES WITH A YEAR IN INDUSTRY (Course Closure Forms to follow). Recommendation We are asking LTC to consider, endorse and recommend approval for the courses to commence in 2017 for new entrants. Current students will continue on existing Actuarial Sciences courses (and have been consulted with about how the change will affect their Year 4 studies in academic year 2019/20). Resource Implications The full resource implications for the introduction of the course have been addressed within the course proposal document (CP2 + CP3) and signed off at Faculty level. Additionally, university departments have been consulted and endorsed the proposal with respect to any resource implications (CP2). Risk Implications Refer to the course proposal documents for details. Equality and Diversity Refer to the course proposal documents for details. 1

2 Timing of decisions The proposal has been considered at School and Faculty level. Approval from LTC will enable applicants to join on the new courses. Further Information Esther Glover (proposer), Tel: , for enquiries about the content of the paper. Background The proposed new courses address concerns raised by the Institute & Faculty of Actuaries (IFoA) following its review of the existing courses in Changes are required for accredited beyond the academic year 2016/17. Discussion LTC are being asked to approve the creation of this course and consider whether it fits into the wider University plans and strategy. Attachments 1. CP1- Course Proposal Outline Form 2. CP2- Business Case 3. CP3- Financial Plan 4. CP4- Academic Design 5. Evidence of Student Consultation 6. Feedback from Accreditation Meeting 2

3 Course reference number CPCMP BSc Actuarial Sciences with a year in industry & BSc Actuarial Sciences Title of course (including award) Date of first student intake/year of implementation Duration of degree School(s) of Study Proposer (Lead Academic) BSc Actuarial Sciences & BSc Actuarial Sciences with a year in industry September years (4 years for YiI) COMPUTING SCIENCES ESTHER GLOVER Part 1 Description of proposal 1a Provide a brief description of the proposal Summary The purpose of this document is to present the changes being made to the BSc Actuarial Sciences course to address concerns raised by the Institute & Faculty of Actuaries (IFoA) following its review of the course in These changes are required in order for the course to continue to be accredited beyond the academic year 2016/17. Accreditation issues The main issues identified by the IFoA panel were: Weaknesses in module content, particularly some very complex module mappings to accreditation units, Poor inter-school collaboration, particularly to ensure that Independent Examiners receive more information on the exam papers for modules mapping to IFoA CT subjects 2 and 7, Lack of added value in the course from computing sciences, Skills weaknesses, both for students starting the industry and on graduation, Low numbers of students taking the Year in Industry variant of the course. Main changes proposed 1. Currently NBS teach 60 credits on the course to cover the CT2 material. This will be brought back and the required material covered in a new 20 credit module, CMP-5XXXY Financial Accounting for Actuaries. 2. The CT7 material is covered in NBS-4003Y Economics for Business; coordination with Dr Nicholas Vasilakos (n.vasilakos@uea.ac.uk) will be improved to ensure that the IFoA examiners have sufficient information. (The NBS Director of Learning and Teaching, Prof. Naresh Pandit n.pandit@uea.ac.uk should be kept informed of this.) 3. A set of optional modules to allow students to pursue a more computing-based pathway. 4. Improved treatment of Excel (compulsory) and SQL (optional) skills. 5. There will continue to be significant input from Aviva into the Actuarial Skills modules, but this material will be better integrated into the course. 6. There is a separate proposal for an Integrated Masters in Actuarial and Data Science, using existing modules from the MSc Knowledge Discovery and Datamining course, to improve students ability to access computing material. 1 P a g e 3

4 1b What are the unique selling points of the course? Our unique selling point has always been our relationship with Aviva and we should continue with this but alone it is not enough, we need to have a good programme that stands alone. We are in a prime position to develop our programme into one that not only produces traditional trainee actuaries who can tick all the academic boxes but those who are also readily employable and have wider computing skills as well as another stream of graduates who are well versed in data analytics but also have some actuarial knowledge. 1c How does the course complement the existing School/Faculty/University portfolio of courses? N/A. 1d How does the course join up with the School Plan (including Admissions, Teaching, Employability and Research)? The School of Computing Sciences is committed to supporting, developing and growing the Actuarial Science provision at UEA. In order to do this we must maintain our accreditation status and as such these changes need to be implemented in order that we can secure our reaccreditation in e Please provide an estimate of additional student numbers to be included in the School student numbers targets (up to and including steady state) No additional student numbers are anticipated as this is a proposal to ensure the continued viability of the existing courses. 1f Please include details of market intelligence/market scanning to support the proposal This proposal is as a direct result of feedback from the professional body that accredit our courses. These changes are required in order to ensure our accreditation for these courses is retained. There are currently 14 UK Universities now offering BSc Actuarial Science courses (and many more with joint degrees or actuarial pathways in Mathematics courses); we need to develop our programme to remain competitive and then improve student numbers. Without the changes outlined in this document we will not be able to retain our existing accreditation or keep pace with our competitors; losing our accreditation would make the programme unsustainable. 1g Does the proposal involve collaboration with another school within the University, or another provider external to the UEA? Aviva are involved with the teaching on the programme and overall development of the programme through their participation in the Programme Steering Group. They have been consulted and in principle are happy with this proposal. 1h Will the programme require accreditation from a professional, statutory or regulatory body? Yes the programme is accredited by the Institute & Faculty of Actuaries and the driver for these changes is to ensure our accreditation status is maintained. 1i Will any new modules be required or existing modules changed, and if so please detail? The revised course profile is summarised in the table in Appendix 1. 1j Will any existing degree programmes be affected by this course proposal e.g. change in title, pathways changed, merged or closed? If so please detail. For course closures, please complete a Course Closure Form (CC1) and include with this form. N/A this is an update to an existing programme 1k Outline any key features of the programme e.g. Year Abroad, Year in Industry, placement requirements (including requirement for DBS), off campus delivery, elearning, outline how this will be delivered and what resource implications are anticipated? There are no significant additional resource implications caused by the proposed changes. Appendix 1: Revised modules and IFoA mappings 2 P a g e 4

5 Head of School Support/Authorisation Date Head of School name and signature Professor Gerard Parr On completion of the above, please forward to Senior Faculty Manager Office Use Only For completion by Associate Dean L&T in consultation LTS Coordinator and Associate Dean -Admissions Please refer to UEA course proposal and approval process guidance notes to assign a risk category. Risk category agreed, please tick the box below Risk category 1 (low risk) Risk category 2 (high risk) X For risk category 1 only CP4 (Academic Design) required Y/N. If Y, please details which sections. If N, proceed direct to completion of CP5 (Notification of Approval and set up for LTS use only) Associate Dean (Learning & Teaching) to decide if a completed CP4 form is required, and if so, what sections require completion. Associate Dean (Admissions) Support/Authorisation Stephen Laycock Associate Dean (Admissions) name and signature Date 28/10/2016 Additional comments from Associate Dean (Admissions) in consultation with ARM. Very useful to combat accreditation issues. Associate Dean (Learning & Teaching) Support/Authorisation Prof D Stevens Associate Dean (Learning & Teaching) name and signature Date 28 th October 2016 For risk categories 2 only. Upon completion of Business Plan (CP2) and Financial Plan (CP3): Office Use Only For completion by Senior Faculty Manager, in consultation with ARM Executive and Faculty Executive Comments and recommendations from ARM Executive, made to Faculty Executives upon full proposal made. A6. NEW COURSE PROPOSALS Actuarial Sciences all of ARM Executive are comfortable with the proposal. Alix Delany to work with CMP on messages to offer holder 3 P a g e 5

6 Comments and recommendations from SFM, made to Faculty Executives upon proposal made. Following a discussion with Ian Callaghan, it was confirmed, subject to the school following up the all student meeting with an to all students reminding them of the meeting and advising them that the paperwork is on Blackboard, we have done as much as we can to engage with all of the students, in particular for CMA purposes. NOTE: Louise Bohn to confirm if any further actions should be taken. Senior Faculty Manager name and signature Date Where applicable, comments made by the Faculty Executive on the proposal Prof G Parr (HoS) reported as a consequence of the accreditation panel this proposal has been worked through and discussed in great detail within the school committees and colleagues at Aviva. New content comprises of variations to current module choice, and will assist future accreditation processes. The Executive approved the proposal. Approved by Faculty Executive (Yes, No, N/A) Yes Date 17 th January 2017 Code Title IFoA IFoA Comment (2016) (2019) Year 1 CMP-4003A Maths for Actuaries CT1 CM1 Revised content CMP-4011A Web based Programming Needed for Python to access databases module NBS-4003Y Economics for Business CT7 CB2 MTHB4006Y Calculus and Probability CT3 (probability part) 4 P a g e CS1 (probability part) (40 credit) CMP-4XXXB Actuarial Skills 1* Option A. New. Includes material from CMP- 5001B CMP-4010B Database Systems Option A Year 2 CMP-5009A Financial Mathematics CT1 CM1 CMP-5034A Mathematical Statistics CT3 CS1 CMP-5019B Applied Statistics CT3 CS1 CMP-5XXXY Differential Equations & Linear Algebra New, partially replaces CMP-5035Y, with material from existing CMP-4003A CMP-5XXXY Contingencies & Modelling CT5 CM1 New, partially replaces CMP-5035Y CMP-5XXXB Financial Accounting for Actuaries CT2 CB1 Option A. New. Replaces 3 NBS modules. CMP-5020B Programming for non-specialists Option A Year 3 CMP-6014Y Industrial project report CMP-6011Y Year in industry Year 4 CMP-6XXXY Actuarial Skills 2* New. Includes material from CMP- 6001B taught by Aviva 6

7 CMP-6XXXY Actuarial Methods & Models CT4&6 CS2 Combines existing material from CMP- 5001B, CMP-6001B, CMP-6033A CMP-6004A Advanced Statistics CT4 CS2 CMP-6037B Further Contingencies CT5 CM1 Revised content to include modelling CMP-6003B Systems Engineering Option A CMP-5036A Information Retrieval Option A CMP-6028Y Statistics Project Option A (40 credit) CMP-6035A Financial Markets CT8 CM2 Option A, taught by ECO CMP-6032B Further Financial Maths CT8 CM2 Option A, taught by ECO NBS-6001Y Advanced Financial Accounting Option A NBS-6002Y Audit and Accountability Option A NBS-6003Y Personal and Corporate Taxation Option A *We would like the IFoA to consider including the new Actuarial Skills modules in year 1 and 3 in the overall accreditation average since although they will not directly map to any specific IFoA examination subject they are actuarially relevant and will improve the skills of students. 5 P a g e 7

8 UEA Course Approval Process CP2 - Business Case guidance notes Stage 2 (part 1 or 2) Summary Following completion, and approval, of a Course Proposal Outline (CP1), and with advice from the LTS coordinator, the AD LT will have assigned a level of risk for a proposal submitted. All proposals categorised as being level 2 (High) require both a business case (CP2) and a financial plan (CP3) to be completed and approved to support the viability of the proposal before progressing forward to stage 3 - Academic Design (CP4) as required. Occasionally, for more complex or major course proposals, there might be a requirement to complete the Academic Design (CP4) alongside the completion of the business and financial case. Please seek advice from the AD L&T if you think this might be necessary. The School Manager, working with the Lead Academic, Finance Manager and Market Research in the BIU office (and with other divisional input as necessary), will create a business plan, supported by a financial plan (prepared by the Finance Manager). A handover meeting should take place between the Academic Lead, School Manager and the Faculty Finance Manager, to provide the School Manager with additional information required in support of the preparation of a business plan. In addition, this meeting will aid the School Manager in developing a Project Plan and Gantt chart, to set and agree expectations in relation to timescales, and to alert key stakeholders at the start of the process. Early discussions with the Head of Business Intelligence is advised to enable market research to get underway. When determining timescales, the School Manager should allocate time at the end of the consultation period (at least one working week) to review responses and respond to any queries raised. For new courses, or significant changes to an existing programme is expected, a project team should be convened by the School Manager, involving Academic Lead, FFM and stakeholders from LTS, BIU, careers and ARM. Representatives from other faculties, service areas and departments affected should be invited to join discussions as appropriate. The School Manager should make Head of LTS and Director of ARM aware early on so they can advise and assess what assistance can be provided to support the school. School Managers should also contact other faculties, services or departments within the University whom the proposal might have a direct impact on e.g. careers service, study abroad and partnerships office. The Business Case and Financial Plan should be completed alongside the Outline Proposal Form. School Managers should work closely with the Academic Lead, Finance Managers and colleagues in other University departments and faculties to ensure that the estimates are as accurate as possible. Once completed, it should be returned to the Senior Faculty Manager. The Senior Faculty Manager, liaising with Head of LTS and Associate Dean(s), will approve or recommend to Faculty Executives for final sign off as appropriate. These guidance notes have been designed as an aide memoire for School or Faculty Managers and Finance Managers, and those colleague involved in the completion of CP2 and CP3 forms. The Business Plan (CP2 form) should be completed first. 1 P a g e 8

9 Note: School Managers are advised to use OneDrive, where all documents aligned to the proposal applicable are held (CP1, CP2 & CP3 together with Gantt chart/project plan timeline and other key documents applicable e.g. market research). Access to be given (read and write) to all stakeholder to enable enter in and record their comments directly. NOTE: this should not replace face to face project team meetings or telephone conversations, which are critical to the project teams success. 1. Business Case (CP2) The purpose of the business plan front loading more robust consultation into the procedure on the business plan and risk assessment, thereby ensuring strategic fit so that plans can be approved in principle, revised or stopped at an early stage. All boxes must be completed, initially by the School Manager in consultation with the Academic Lead, seeking advice from the relevant department as required. No box should be left blank prior to circulation and the consultation phase. The name of the School Manager responsible for the completion of the form should be noted, for further queries to be directed through to. Checklist for Consultation Those consulted with as part of the business case should be noted. This is broken down into two categories. a. Compulsory. Those that must be consulted as part of every course proposal (high risk proposals) b. As required. Those that might be consulted as part of every course proposal. A suggested list is provided to act as an aide memoire. Not all those listed need to be consulted, the School or Faculty Manager should use their judgement in order to ascertain those that are affected by the proposals. For further advice, please contact the Senior Faculty Manager. A deadline for when comments need to be received back from those consulted with (usually ten working days), for consideration by the project team, should be entered. A summary of comments received from those consulted should be noted, along with any direct impacts on additional resources (to feed into the completion of Financial Plan CP3). Instructions for completion are integrated into the form, in green. When completing the form, please remove this text and complete the form in black ink. 2 P a g e 9

10 Course Proposal Business Case (CP2) for taught programmes only Course proposal reference number CPCMP BSc Actuarial Sciences with a year in industry & BSc Actuarial Sciences Course Proposal Business Case (for completion by School Manager in consultation with the proposer - Academic Lead) Has a CP1 Form (outline proposal) Yes been completed and approved Title of programme (and suggested BSc Actuarial Sciences & BSc Actuarial Sciences with a year in industry JACS/HECoS code where known) Date of first student intake 2017/18 Duration of degree (years) School of study Proposer (Academic Lead) School Manager Faculty Finance Manager 3 years (4 years for YiI) CMP Esther Glover Nadia Mobbs Alan Dawson Part 1 Market Research & Marketing Actuarial Science excluding the Business Statistics course currently recruits the following number of students: Total Home/EU Overseas 2016/ / / Market Research - Summary of market analysis 2013/ / There are currently 83 students at UEA and a further 6 (approx) on placement. This course revision of the Actuarial Sciences program obviates the need for a separate Business Statistics course, which currently recruits less than 5 students per year. BIU have provided some market research showing the rapid growth of Data Science courses over the last 3 academic years which supports CMPs view that this is an important emerging area. This can be found in document titled BIU market data for CP2 in the one drive folder. 3 P a g e 10

11 BIU have advised the school that due to the tight timeframe for the production of this proposal it is not possible for them to carry out full market research to support this application within the time frames set in this instance Feedback from Current Students Recruitment and Widening Participation Graduate and Career Prospects Student consultation took place in LT3 on 2 December All current Act Sci students were invited to attend. See summary documents for details of the consultation and student feedback. The departments is increasing the employability skills within the programme in order to improve the number of students who successfully obtain a year in industry placement (as required by external accreditation body IFOA). We are increasing computing options in order to develop data science skills as this is a newly emerging job market for actuaries and the School wishes to be at the forefront of this new avenue of teaching. UEA is the only Actuarial Science programme based within a Computing School; we are in a unique position to be able to capitalise on this and provide students with a unique experience. This will in turn increase the marketability of the programme by broadening its interest from only traditional actuarial students to include those who are interested in the field but wish to take a more computerorientated path within the profession. Currently UEA is not attractive to these types of students with our current course offering. We believe this will lead to increased student numbers in future years. The school also believes this avenue will be of particular interest to overseas students. As mentioned above Data Science is an emerging job marketing for Actuaries with increasing opportunities. Click here for Job search results for reference. As well as targeting this area, all students will be better equipped for both placements and graduate roles as a result of the increased development of a suite of soft skills such as communication (oral and written), presentation, interview/selection day experience, skills and excel skills within the programme. The excel skills development is being expanded as a direct result of feedback from employers and students and will target not only the skills themselves but also their direct application in this field of employment as requested by employers. It is also key to mention here that these developments have the support of Aviva and the professional body IFOA who accredit the course. Indeed, these developments are critical for the continued accreditation of the programme and without them the course will not continue to be accredited. Without accreditation attracting students to this programme will be virtually impossible and the future of the course would be in serious doubt from 2017/18 onwards Entry requirements The entry requirements will not change from the current tariff. Part 2 Student Numbers Should this course amendment proposal not be approved, the course will not obtain in accreditation renewal in August 2017 (accreditation visit March 2017). The table details the number of students in the current 5 year plan that CMP would lose, as it is not feasible to offer a non-accredited Actuarial Science Course. (Without approval of these course amendments, CMP envisages that 2017/18 would be the last intake, with full planned course closure completed by the end of 2020/21 at the very latest.) The School has evidence from student consultation to show that the changes to the course are extremely attractive to students and therefore strongly believes that student numbers will steadily increase above the current intake plan. We believe this will be the case for both home/eu and international students. In fact, the School is already in early discussions with INTO looking into the possibility of offering an alternative pathway into the second year of the Actuarial Science programme via a jointly supported Year 1, assuming the new course design is approved. 4 P a g e 11

12 Academic Year 17/18 18/19 19/20 20/21 21/22 XX/XX XX/XX XX/XX XX/XX XX/XX Please enter the number of new (additional) student FTE's, in each category, for the first ten years of the course* Year Home/EU (FTE) International (FTE) Total FTE * These will be used to inform targets set Part 3 Success Factors target metrics/kpi s The School believes that the number of students obtaining a Year in Industry placement will increase as a direct result of the increased support available within the new course and therefore the Year in Industry pathway will become more attractive Tariff (points) AAB which equals 96 tariff points (unchanged) Retention (%) 95% Good honours (%) The Act Sci BSc good honours aim is 77.7%. In 2015/16 academic year there were 33 finalists. Of those 33, 26 were awarded a classification at the exam board on 5 July 2016 and 7 decisions were deferred. All 26 finalists received either a First or a 2(i) giving a 100% good honours rate (excluding deferred decisions). Good Honours report available in the one-drive folder called ACTSCI Good Honours 2016 report Employability or further study, or mixture of both (%) 80%. CMP have identified increasing the successful placements for our Year in Industry (YiI) students as an important KPI. Currently less than 40% of students who enrol on YiI successfully find a placement and the School would wish to see this steadily improve so that all students who are actively seeking a placement are successful. We firmly believe that this is possible through the proposed course changes and the increased focus on soft skills. This in turn will allow the School to make new and improved links with placement partners and hopefully also develop these new contacts into new graduate opportunities. Part 4 Impact on Resources - financial impacts to be included within the Financial Plan (CP3) Include narrative to support physical resources required for the programme and its delivery, to feed into the Financial Plan Impact on teaching patterns There are new modules being developed however these will replace existing modules Will any additional academic staff time be required to deliver on new content** No. New content is being developed however this is replacing current content therefore staff time in CMP is mainly being re-directed. Some teaching is being brought back from NBS into CMP and MTH that is currently taught in another UEA school to address concerns raised by the accrediting body IFOA. However CMP is not seeking any additional academic post releases as a result of these course amendment proposals. 5 P a g e Teaching time from academic staff involved with the ACT SCI BSc will be freed up by reallocating the teaching they are currently doing on core CMP modules to other members of CMP faculty. This will free up time for the development and delivery of 12

13 Will any additional direct support staff time (School and/or Faculty) be required** Will any additional indirect support staff time (Faculty & other University Services) ** Will any modifications be required to existing physical resources e.g. space Are any other new resources required? new module content, which will certainly be required in the first three years of the revised course. The computing modules that will form part of the new optional computing pathway are already being delivered by CMP and it is anticipated that the volume of additional students on these modules from the ACT SCI BSc can be managed within the current teaching pattern and therefore no new academic staff time is required for this element of the proposal. CMP are not seeking to appoint any new support staff as a result of these course amendments. There are no additional indirect support staff requirements as a result of these course amendments. The course is currently running and these changes will have no impact whatsoever on support staff. There are no requirements to modify existing space. There are no additional new resources required. Completed by*** Nadia Mobbs & Esther Glover Date 13 December 2016 ** Post release will be subject to post release approval being obtained *** Normally the School or Faculty Manager Part 5 Checklist for consultation (as required) It is the responsibility of the post holder consulted with in the relevant University department to respond within the timescale set. No comments box from those whom compulsory consultation is required should be left blank, nor should a no comment received comment be entered. If the post holder consulted with has no comments to make or add, they are required to explicitly stipulate this within the deadline set. If no comments are received, the dates of initial requests and any follow up, should be entered. Department Consulted with (Y/N) Deadline for responses Summary of comments received (including impact in resources) Compulsory Head of Learning & Teaching (LTS) Caroline Sauverin Y 05/01/17 This seems a sensible response to the rather significant concerns of the accrediting body. Other than ensuring that LTS has all the details we need to update modules (and create a new course version) in time with the normal deadlines, I don t feel that this will have a significant effect on LTS resource. Please note that all applicants MUST be notified of these changes in good time, due to CMA requirements something for ARM colleagues to pick up. Director of Admissions, Recruitment & Marketing Y 05/01/17 ARM Exec reviewed the documentation (10/1/17) and are in support of the changes. It was noted that on approval all offer 6 P a g e 13

14 (ARM) via ARM PA holders and enquirers will need to be contacted highlighting the changes to the programmes. Business Intelligence Unit Manager (FPG) Garrick Fincham Market Research Manager (FPG) Rebecca Price Careers Centre Manager (RED) James Goodwin Y 09/01/17 Y 09/01/17 Y 05/01/17 Comment on behalf of Management Information and Market Research team I can confirm that UCAS data indicate a growing market for Data Science but it should be noted that this is still small (20 accepts across two institutions in 2015) and it appears that some institutions are not succeeding in recruiting enough students to run data science specific courses. The broader actuarial science market does seem robust with some overall growth in recent years seemingly driven by additional courses with placement/ year abroad/ industry components playing a significant part in this. I fully support the amendments to Actuarial Science courses and modules proposed. New structuring and content will allow for students on the course to benefit from the wider Computing Science teaching in the school which will in turn increase their skill set and employability within roles related both directly and indirectly to Actuarial Science. New focus on raising students awareness of the professional working world and the core generic employability skills they possess in addition to the technical competencies will hopefully aide their confidence in applying to complex application processes. Rachel Rose, CCEN by Students (via SSLC) Y See document Act Sci Student Consultation Library Director (ISD) Nicholas Lewis As required Y 05/01/17 The library is happy with the proposal. As there are no new books listed on the form, the changes to the course should not impact the library. Although no additional journals or databases are listed as required, it should be noted that the future acquisition of any new journal titles for this course would be more challenging as our journals budget is effectively capped because publisher inflation continues to exceed the headline rate of inflation (RPI). Therefore normally, in order to gain access to a new title, the current policy is for the School(s) to either identify other less-used titles of equivalent cost for cancellation, or to request the School(s) to provide additional supplementary funding. (Jane Helgesen, LIB, via ) LTS Hub Manager (Rachel Paley / Christina Chan) LTS Co-ordinator (Caroline Rose) Yes 05/01/17 No response (reminded 6/01) Yes 05/01/17 Has no comment. 7 P a g e 14

15 Head of Partnerships (LTS) L&T Manager Placements (LTS) Head of Learning Technology (ISD) No No No Head of Admissions (ARM) Head of Recruitment & Outreach (ARM) Head of Strategic Marketing (ARM) Head of International (ARM) Study Abroad Assist Head of Int Recruitment (ARM) ARM (Other) please specify Any other service or department (please list) No 8 P a g e 15

16 Course Proposal Financial Case (for completion by Finance Manager in consultation with proposer - Academic Lead) - CP3 *NB: areas shades grey auto populated Course proposal reference number CPCMP (from CP1) Part 1 - Student Numbers & Income Please enter the number of new FTE's, in each category, for the first five years of the course* Please enter the number of year 2 FTE's (less attrition), Please enter the number of year 3 FTE's (less attrition), Academic Year 2017/ / / / / / / / / /27 Year Home/EU (FTE) International (FTE) Total (FTE) Academic Year 2017/ / / / / / / / / /27 Attrition* Year % Home/EU (FTE) International (FTE) Total (FTE) Academic Year 2017/ / / / / / / / / /27 Attrition* Year % Home/EU (FTE) International (FTE) Total (FTE) Please enter the number of year 4 & 5 FTE's (less attrition), where applicable. Enter FTE's manually Academic Year 2017/ / / / / / / / / /27 Attrition* Year % Home/EU (FTE) International (FTE) Total (FTE) Total Student FTE* Academic Year 2017/ / / / / / / / / /27 Year Home/EU (FTE) International (FTE) Total (FTE) Fee rates Home/EU ( ) International ( )* Total Student Income Details of any further income applicable Academic Year 2017/ / / / / / / / / /27 Year Tuition Fee Home/EU ( ) International ( ) Other e.g. HEFCE Other Income ( ) * Amend as appropriate Part 2 - Direct Staff costs** Academic Year 2017/ / / / / / / / / /27 Year Please enter the total additional direct teaching SSR (enter below e.g. 15:1 = 15) Grade 10 - Prof (FTE) resources required (FTE), in each category for each of 14.8 Grade 9 - SL (FTE) the first five years of the programme. Release subject to Grade 8 -L (FTE) post release Grade 7 - L (FTE) Associate Tutors (FTE) Please enter the total additional direct support staff Academic Year 2017/ / / / / / / / / /27 Year Grade 9 - ALC9 (FTE)

17 resources required (FTE), in each category for each of the first five years of the programme. Release subject to post release Please enter the total amount of expenditure in terms of teaching staff salary costs ( ), in each category for each of the first five years of the programme. The figures given should represent the full direct salary cost including NI, pension, etc. Please enter the total amount of expenditure in terms of support staff salary costs ( ), in each category for each of the first five years of the programme. The figures given should represent the full direct salary cost including NI, pension, etc. ** Post release will be subject to post release approval being obtained Part 3 - Direct Non Pay Costs Please enter the total amount of recurrent direct expenditure in terms of non-pay costs, anticipated in each category for each of the first five years of the programme. Include any direct costs associated with the appointment of new acadmic staff e.g. start up in Part 2 These should not include programme start-up costs (see part 6) Grade 8 - ALC8 (FTE) Grade 7 - ALC7 (FTE) Grade 6 - ALC6 (FTE) Grade 5 - S&C/Tech (FTE) Grade 4 - S&C/Tech (FTE) Grade 3 - S&C/Tech (FTE) Academic Year 2017/ / / / / / / / / /27 Year Grade 10 - Prof ( ) Grade 9 - SL ( ) Grade 8 -L ( ) Grade 7 - L ( ) Associate Tutors ( ) Academic Year 2017/ / / / / / / / / /27 Year Grade 9 - ALC9 ( ) Grade 8 - ALC8 ( ) Grade 7 - ALC7 ( ) Grade 6 - ALC6 ( ) Grade 5 - S&C/Tech ( ) Grade 4 - S&C/Tech ( ) Grade 3 - S&C/Tech ( ) Academic Year 2017/ / / / / / / / / /27 Year Equipment (Revenue) Teaching Materials Marketing Library Start up costs for academic staff appointments Other (please list) Where costs cannot be categories easily, please combine this expenditure in the 'other' category and Part 4 - Income and Expenditure - Summary Academic Year 2017/ / / / / / / / / /27 Year Total Income Total Staff Costs Total Non Staff Costs Actual Contribution - surplus/(deficit) % Contribution #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! Targeted Contribution (Average/Faculty) 40% (Surplus)/deficit against targeted contribution Part 5 - Indirect Costs (payable from contribution) Academic Year 2017/ / / / / / / / / /27 Year Other (please list) 17

18 Part 6 - Start up costs Please enter additional start-up/development costs in each category. Total Year 2017/ /19 Year 1 2 Capital*** New Equipment Refurbishment *** Release of funds subject to separate sign off by Capital Board Part 7 - Summary Revenue Staff (curriculum development) Marketing (including web) Computing Minor Equipment Other (please specify) Total 0 0 Return on investment (by year) Academic Year 2017/ / / / / / / / / /27 Year Surplus/(deficit) Completed by**** Alan Dawson Date 19/12/2016 **** Normally the Finance Manager 18

19 CP4 v FINAL DRAFT To be considered by LTC January 2017 Course Proposal Stage 3 Academic Design (CP4) Instructions for completion are integrated into the form, in green. When completing the form, please remove this text and complete the form in black ink. Summary The Academic Design (CP4) is completed for all standard risk (Category 2) proposals, and, for low risk proposals, some parts of the form will need to be completed if the academic content is changing (These will be identified on the CP1). It consists of three parts: Part 1 is the Programme Specification, which will be published on the LTS website post approval. Please note that the Course Profile is now a link to the Admissions course pages, which will be set up after approval. Part 2 is additional information regarding the academic content of the programme which will help inform the approval decision by the bodies considering the academic case. This includes details of the modules forming the academic content of the course. Part 3 is the log of considerations and sign-off/approval by the relevant executives/committees. Basic instructions for completion are integrated into the form, in green. When completing the form, please remove this text and complete the form in black ink. These guidance notes aim to give roleholders more detail of the process of completion and what is expected at each stage. Completion of the Form The form should be completed by the Academic Lead with support and advice from the LTS Coordinator supporting the School. 1. Part 1, the Programme Specification, should be straightforward to complete for standard courses. The Coordinator can advise on the regulations (for sections to ). If a new award is required, this should be flagged to the Finance, Governance and Planning Office at an early stage. 2. If the course is a variation of a current course, or is part of the same group, and they will share a Programme Specification, the LTS Coordinator will join this up at the CP5 stage. 3. The Course Profile will not be required for Part 1 after approval, this will be available on the Admissions pages, and internally through evision. Page 1 19

20 CP4 v FINAL DRAFT To be considered by LTC January The Programme Specification includes information on the Board of Examiners and placement information (including a period of study abroad), however, further details will be required to help inform the approval consideration. These should be recorded in Part Part 2, the additional information required to consider approval, should be completed by the Lead Academic. The LTS team (normally the Team Leader) can help with section 4.2.1, the Course Profile, and can advise on timetabling and defined choice constraints if necessary. The Lead Academic should discuss the inclusion of modules from other Schools with the appropriate Teaching Director, and agree any slotting requirements, pre-requisites, cap on numbers etc. 6. The LTS Coordinator/Team Leader should check with the Lead Academic that: a. There is an even spread of modules across the academic year; b. It is clear which modules can and which cannot clash; c. Where relevant, other Schools are aware and support the inclusion of their modules in the Course Profile and that there are no restrictions. d. Where new modules are being proposed, a completed Module Outline is included, or hyperlinked to. The Team Leader can provide a new code when approval for the module has been given. e. Section provides details of any placement, having discussed the requirements with the Study Abroad Office (for periods of study abroad), Local Support and Careers Service (For year in industry) or LTS Placements (For professional placements). f. There is no need for further consultation at this stage, unless it has been expressly raised as a condition in the approval of CP2/3. Check CP2/3 to ensure that there is no outstanding issues to resolve, and all parts are complete (this should have been checked/resolved by the School Manager at Stage 2, so this is a safety check; nothing should be going to LTC with missing or unresolved issues). 7. Once parts 1 and 2 are complete the LTS Coordinator supporting the School should ensure that the CP4 is completed appropriately, that is completed, and then forwards it, along with CP1, 2 and 3, to the secretary to the FLTQC for its consideration. 8. The secretary to FLTQC forwards the approved case to the secretary of LTC for final consideration and approval. 9. Following approval, the secretary to LTC notifies the secretary to FLTQC, who starts off the completion of CP5 before passing all the documents to the Student Records Office for setting up the course on the system and keeping the master copy of the documents for the approved course. Page 2 20

21 CP4 v FINAL DRAFT To be considered by LTC January 2017 CP4 Part 1 - PROGRAMME SPECIFICATION for an award of the University of East Anglia Reference Code CPCMP Title School (s) COMPUTING SCIENCES Faculty SCIENCE Date of first student intake Award BSc Level Interim Award/ degree title Award Regulatory Framework Course-specific regulatory requirements Length of course Board of Examiners Mode of Attendance Professional Accreditation details Placement information BSc Actuarial Sciences & BSc Actuarial Sciences with a year in industry September 2017 Standard Certificate of Higher Education and Diploma of Higher Education (UG); Postgraduate Certificate or Postgraduate Diploma (PG). Enter the detail here, where there is a PSRB requirement to have a Non- standard (detail) different title for a named exit award from the intended award, state the title (eg the MB BS exit award is medical studies ) Level 6 FHEQ (Bachelors) Level 7 FHEQ (Masters/Integrated Masters) Other (specify) Bachelors and Integrated Masters Common Masters Framework Other (specify) n/a 3 years (4 years for YiI) Actuarial Sciences Full-time x Part-time Other x Tick here if not standard x x Provide detail if other Institute & Faculty of Actuaries (IFoA). Subject to individual performance students have the opportunity to gain exemptions from CT1-8 of the IFoA exams. Indicate type of placement(s) offered (or none ). Further details of any placements should be provided in section Professional placement Page 3 21

22 CP4 v FINAL DRAFT To be considered by LTC January Relevant Subject Benchmark Course Description Year Abroad Year in Industry x Semester Abroad Other None The programme closely mirrors the requirements set out by the Institute and Faculty of Actuaries. There is an annual visit by the IFoA to check the programme as well as contact via the external examiners who also act as Independent examiners for the IFoA. The BSc Actuarial Sciences degree is aimed at students who wish to become professional actuaries and who are passionate about mathematics, economics and problem solving. The degree programme covers current issues in Mathematics, Computing, Finance and Business, as well as providing a thorough theoretical background of these areas. This multidisciplinary programme combines the expertise of the School of Computing Sciences, School of Mathematics, School of Economics and the Norwich Business School. Additional teaching comes through our strong links with industry, and includes tuition from practicing actuaries from Aviva at their headquarters. The teaching programme is designed to develop your mathematical, financial and statistical knowledge as well as your communication and presentation skills. The course also gives you the opportunity to gain exemptions from the first eight professional examinations set by the UK Actuarial Profession (CT1-CT8), so you are able to qualify as a professional actuary far more swiftly after successfully graduating. Course Structure This three year course will begin by developing your knowledge in areas including mathematics, computing, economics and business. You will take modules to develop your understanding of key concepts and will benefit from the opportunity to be taught by practising Actuaries at the Aviva offices in Norwich. Year 1 Compulsory modules in the first year provide you with a clear understanding of areas including mathematics, computing, business and problem solving skills. You will receive teaching from a variety of departments that will build upon and develop your pre-existing knowledge and will also begin to develop your awareness and understanding of actuarial practice and the important role Actuaries play. In your first year at UEA you will also have your first opportunity to meet and be taught by practising Actuaries at Aviva. Page 4 22

23 CP4 v FINAL DRAFT To be considered by LTC January 2017 Year 2 In the second year of your degree you will be introduced to specific actuarial themes and taught about business and economics in the actuarial profession, as well as further developing your computing skills and understanding of Actuarial applications. Year Out Year in Industry version If the year in industry option is chosen In your third year you will take part in an industrial placement from 9-14 months of full time employment. The placements are sourced and secured by you (with help from UEA), and you will be paying a reduced tuition rate and potentially receiving a wage. Throughout the work placement you will keep in close contact with an assigned mentor at UEA, who will also visit you at least once during the year. You will also be supported by an industrial supervisor Year 3 Academic development continues into your final year, where you will be able to focus on developing your advance knowledge of statistics, mathematics and professional actuarial practise. In this year there is a further opportunity to benefit from UEA s relationship with Aviva and to develop your practical, technical and presentation skills Course Profile details Learning Outcomes Details of all courses currently offered by the University are available at and The teaching programme is designed to meet the learning outcomes from the first eight professional examinations set by the UK Actuarial Profession (CT1-CT8) ( In addition to this the programme seeks to develop students soft skills i.e. presentation, communication, business awareness etc. alongside their academic ability in order that students will have a readily employable skill set suitable for a range of financial roles Page 5 Graduate Attributes and Employability Skills This programme equips its graduates with the professional qualifications and skills to enter the actuarial profession or take up roles requiring a similar set of technical and business skills. Graduates from this programme will be highly skilled in technical actuarial maths. They will be able to demonstrate an understanding of how their technical skills can be used to help solve real-world business problems. They will have developed communication and presentation 23

24 CP4 v FINAL DRAFT To be considered by LTC January Assessment and Feedback Strategy skills alongside their theoretical technical knowledge and will be well placed for the world of work. They will also have a range of computing skills suitable for financial work and will have developed a problem solving nature. The programme is making increasing use of formative assessment in addition to traditional summative assessment. In addition to course tests and end-of-year examinations, summative assessments include both individual-based and group-based project work, report writing, presentations in seminars and more traditional written assignments. Formative work includes doing weekly exercise sheets and participating in class discussions. A number of different assessment patterns are used on modules however the most common form used in is 20% coursework and 80% examination. In line with the developments currently being made with the new IFoA syllabus we are also introducing the use of applied computing skills into coursework in some key modules For Office Use: Additional course-specific costs that students should expect to meet Log of annual review - Version and date of production/ revision Example 7/11/16 Jan 2017 Regular feedback is provided to students both orally and written. This is as a result of the formative and summative coursework element of modules and is provided both on an individual and a group basis. In the first and final year of the degree programme students are expected to arrange their own transport between campus and Norwich city centre for lectures at the Aviva offices. The Programme Spec should be reviewed annually and the review logged here: 1) If there is no change, no new version is required. 2) If there are any changes, the version number should be incremented, and a summary of the changes recorded here. This should include a summary of any course profile changes. V1, new course proposal Reviewed, no change Jan 18 Last active academic year Reviewed, changes to accreditation details and course profile (options in Year 3). To be completed if course is discontinued Date archived To be completed if course is discontinued Page 6 24

25 CP4 v FINAL DRAFT To be considered by LTC January 2017 CP4 Part 2 - Additional information required to consider approval Course Profile Set out the structure of the course, by Stage and Module Range (Compulsory, Option Range A, B etc). For each option range include the min/max credits to be taken along with any required combination of modules, if necessary. Stage Module Range 1 Compulsory 1 Compulsory 1 Compulsory 1 Compulsory 1 Compulsory 1 Option A 1 Option A 2 Compulsory 2 Compulsory 2 Compulsory Page 7 Module Code CMP- 4XXXA NBS- 4003Y CMP- 4011A MTHB401 5Y MTHB400 9B CMP- 4011B CMP- 4010B CMP- 5009A CMP- 5034A CMP- 5019B 2 Compulsory MTH(?) 2 Compulsory 2 Option A 2 Option A Y Y 3 Compulsory 3 Compulsory CMP- 5XXXY CMP- 5XXXY CMP- 5020B CMP- 6014Y CMP- 6011Y CMP- 6004A CMP- 6037B Module Title Credits Period Introduction to Financial Maths & Modelling Timetabling info/slot 20 A C5*C7*E1*E2 Economics for Business 20 Y AGJ Web based Programming 20 A Calculus 30 Y Probability for Actuaries 10 B CJL Actuarial Skills 1 20 B tbc Database Systems 20 B C1*C3,D5*D6* D7/D1*D2*A3 AUT - D4, D6,D7, D1*D2, E1/E2/E3, E5, B4 SPR - DD C1*C2,D4/D7/ D8,D5*D6/D7 *D8 Financial Mathematics 20 A C3*D4*D2 Mathematical Statistics 20 A E4*E1*E2*E3 Applied Statistics 20 B EE Differential Equations & Linear Algebra 20 Y Contingencies & Modelling 20 Y Financial Accounting for Actuaries 20 Y Programming for non-specialists 20 B Industrial project report Y U Year in Industry Y U B3*E4,C5*C6 Advanced Statistics 20 A C8*C1*C2,B5 Further Contingencies 20 B B3*E4 25

26 CP4 v FINAL DRAFT To be considered by LTC January Compulsory 3 Option A 3 Option A 3 Option A 3 Option A 3 Option A 3 Option A CMP- 6XXXY CMP- 6035A CMP- 6032B CMP- 6028Y CMP- 6XXXY CMP- 6003B CMP- 5036A Actuarial Methods & Models 20 Y Financial Markets 20 A B3*E4 Further Financial Maths 20 B C3*D4 Statistics Project 40 Y B7*B8 Actuarial Skills 2 20 Y Systems Engineering 20 B E4,E1*E2,D2/ A3/B4 Information Retrieval 20 A A5*A6,A7*A New Modules Attached as an appendix External comment Consultation with existing students Board of Examiners Cross-Schools delivery details Additional learning resources Placement detail Aviva are involved with the teaching on the programme and overall development of the programme through their participation in the Programme Steering Group. They have been consulted and in principle are happy with this proposal. The IFoA have also been provided with drafts of this proposal and have indicated informally that they are happy with these changes. The IFoA will be visiting UEA in February/March to formally approve the continued accreditation of the programme including these changes. Student consultation took place in LT3 on 2 December All current Act Sci students were invited to attend. See summary documents for details of the consultation and student feedback. n/a The programme will continue to include courses delivered by other schools (MTH/ECO/NBS) who have confirmed that they are happy to continue supporting the programme in this way. n/a In the third year students on the YiI programme will take part in an industrial placement from 9-14 months of full time employment. The placements are sourced and secured by the student (with help from UEA. Throughout the work placement the student will keep in close contact with an assigned mentor at UEA, who will also visit the student at least once during the year. The student will also be supported by an industrial supervisor Course Director Esther Glover FIA Deputy Course Director Name of deputy course director from co-delivering School, for those courses that are jointly delivered. For office use only for completion by LTS Coordinator supporting the School Page 8 26

27 CP4 v FINAL DRAFT To be considered by LTC January 2017 LTS Coordinator s name, signature and date Caroline Rose Part 3 - Approval of the academic case School (Teaching Director on behalf of the Teaching Committee/Executive) Name Date of meeting/ decision 06 Feb 2017 Additional School approval (for cross- School delivered courses), if applicable Faculty (Associate Dean on behalf of the Faculty Learning, Teaching and Ben Milner 7/2/2017 Quality Committee) Additional Faculty approval, if applicable University (PVC-Academic on behalf of the Learning and Teaching Committee category 2) Comments Any comments regarding approval/refusal of approval to be documented here Page 9 27