Government Actuary’s Department

The Government Actuary’s Department’s (GAD) mission is to improve the stewardship of public sector finances. We do this by supporting effective decision-making and robust financial reporting through actuarial analysis, modelling, and advice.

We apply the actuarial profession’s technical skills, consultancy discipline, high standards of professionalism and industry sector knowledge to solve financial challenges faced by the UK public sector. We are part of the Analysis Function in government.

Our experts:

• help public sector clients understand complex challenges around financial risk and uncertainty – such as implications of climate change, or developments in human longevity
• use statistical techniques and mathematical skills to assess the probability of event outcomes and their financial consequences

We have over 200 people across two offices in London and Edinburgh. The people that work in our offices are mainly actuaries and analysts.

GAD is a shared service supplier to the government and the devolved administrations. We provide high quality service, actuarial analysis, and policy advice. We work to a professional code and standards designed to give assurance on quality and consistency.

Our vision is to be bold and trusted partners on risk and finance, enhancing decision-making for lasting benefits to society. We are dedicated to supporting better decisions, unlocking value for government and facilitating lasting benefits for society as a whole. See our 2030 Strategy for more information on how we look to achieve this.

Working with analysis professionals

GAD works closely with analysis and policy professionals in Whitehall and across the UK. We supply actuarial expertise and analysis to a wide range of projects.

Our areas of work include insurance, investment, data science, modelling, quality assurance, pensions, and social security.

Pensions

GAD:

• developed a retirement calculator to help public sector pension scheme members understand pension benefits options
• supported Ministry of Justice’s work on a reformed pension scheme for the judiciary providing actuarial costings and drawing on our experience of public service pensions
• analysed the impact of pensions policy changes on individuals with certain protected characteristics as required by the public sector equality duty

Climate

GAD:

• worked with His Majesty’s Treasury’s COP26 Private Finance Hub, and continued to support the government’s wider climate change work
• supported a project to develop an approach to assess the welfare impacts of drought in Sub‑Saharan Africa

Modelling

GAD:

• used statistical techniques and actuarial skills to analyse instances of fires in schools to allow us to better model them
• worked with government to help schools become more carbon neutral
• determined Northern Ireland’s personal industry discount rate, which relates to sums awarded to seriously injured claimants

Contact us

To find out more about our work you can email us at enquiries@gad.gov.uk and follow GAD on LinkedIn