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.
- 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 2 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.
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.
Our successes include several important project highlights in the financial year to March 2022.
- 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
- 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
- was part of the team which published new research into further effects of COVID-19
- helped deliver a £750m government-backed reinsurance scheme to support the UK’s live events sector during the pandemic
- 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
To find out more about our work you can email us at email@example.com.