Description: In 2003, the Society of Actuaries' Board of Governors approved a redesign of the education and examination system. Since that time, considerable progress has been made with regard to implementation. This presentation from Session 84 of the SOA May 2004 Anaheim Spring Meeting gives the attendees a review of the proposal, progress made to date, and implications for actuarial education and training programs. From the Record of the Society of Actuaries, Vol. 30, No. 1.