Professional Skills Training is described well in the Institute and Faculty of Actuaries Professionalism Skills Training Handbook Version 2 as training that 'is designed to equip actuaries to mitigate risks by taking appropriate steps in reaching decisions in situations where complex ethical judgements are required.
Professional Skills Training should achieve one or more of the following:
• enhance understanding of an actuary’s professional obligations;
• enhance understanding of principles of ethical behaviour and how to apply these in making professional judgements;
• enhance understanding of what it means to act in the public interest;
• equip actuaries to make reasoned and justifiable decisions in resolving ethical dilemmas;
• assist actuaries to demonstrate ethical behaviour in conducting their professional life; and
• enable actuaries to recognise ethical dilemmas and take appropriate action.'