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Government Actuary's Department

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IFRS 17   it's time to prepare

IFRS 17 it's time to prepare

Wednesday, 10 April 2024

Public sector organisations are reminded to ensure accounts will be IFRS 17 compliant when accounting for insurance contracts, from this financial yea...

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Climate scientists and actuaries show the sting in climate’s tail

Climate scientists and actuaries show the sting in climate’s tail

Thursday, 28 March 2024

A new report on climate risk, co-authored by a GAD actuary, is based on the latest climate research. It was a collaboration between actuaries and scie...

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GAD completes 2020 actuarial valuations

GAD completes 2020 actuarial valuations

Wednesday, 27 March 2024

Actuarial valuations for public service pension schemes are now published, most of which set employer contribution rates and assess the cost control ...

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Managing risks around ‘net zero’

Managing risks around ‘net zero’

Tuesday, 26 March 2024

The importance of managing risks around net zero, and areas where GAD can help the public sector with plans for net zero projects, were explored at a ...

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GAD develops bespoke benefits modeller

GAD develops bespoke benefits modeller

Monday, 25 March 2024

GAD has built a pension benefit modeller to support the Nuclear Decommissioning Authority as it undertakes a pension reform programme....

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Estimating excess deaths   new methodology

Estimating excess deaths new methodology

Wednesday, 06 March 2024

We peer reviewed a draft report on a new methodology for estimating excess deaths. The ONS publication compared old and new methodologies....

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GAD expands pensions administration consultancy team

GAD expands pensions administration consultancy team

Tuesday, 20 February 2024

GAD has expanded its pensions administration consultancy team which provides support to pension scheme clients on strategic administration related pro...

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Developing AI skills

Developing AI skills

Wednesday, 14 February 2024

GAD is working with an AI partner to investigate fine tuning a large language model to perform quality assurance checks on pension administrator calcu...

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RPA   10 years of collaboration with GAD

RPA 10 years of collaboration with GAD

Monday, 29 January 2024

GAD marks a decade since we helped set up an alternative to commercial insurance for schools. The Risk Protection Arrangement now covers over 10,000 s...

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Up rating report 2024

Up rating report 2024

Tuesday, 16 January 2024

GAD’s annual report on the National Insurance Fund projects contribution income up to the end of the 2028 to 2029 financial year....

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Supporting clients to equalise pensions

Supporting clients to equalise pensions

Tuesday, 09 January 2024

GAD has devised a modeller to support clients as they seek to equalise pensions for scheme members. It provides bespoke solutions according to clients...

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GAD shares expertise at ISSA global social security conference

GAD shares expertise at ISSA global social security conference

Friday, 22 December 2023

GAD Senior Consulting Actuary, Chris Morley, addressed the conference on the importance of illustrating risk to assess the sustainability of social pr...

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Special feature: Analysis to support accounting

Special feature: Analysis to support accounting

Friday, 15 December 2023

We support government to meet its accounting requirements. In this Special Feature we consider the importance of accounting for public service pension...

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Reasonableness review of network operators’ pensions

Reasonableness review of network operators’ pensions

Friday, 08 December 2023

GAD supported Ofgem through a reasonableness review of pension scheme costs of the gas and electricity network operators’ defined benefit pension sche...

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GAD's analysis of the Autumn Statement 2023

GAD's analysis of the Autumn Statement 2023

Friday, 24 November 2023

GAD analyses announcements in the Autumn Statement, as they relate to areas where we specialise. We look at pension reform proposals, and other measur...

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GAD Annual Report and Accounts for 2022 to 2023

GAD Annual Report and Accounts for 2022 to 2023

Thursday, 16 November 2023

GAD has published its Annual Report and Accounts for the 2022 to 2023 financial year. The report sets out the main projects and successes of the year....

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Isle of Man: revised Personal Injury Discount Rate

Isle of Man: revised Personal Injury Discount Rate

Friday, 10 November 2023

The Personal Injury Discount Rate in the Isle of Man has been updated, using advice provided by GAD. It relates to sums awarded to seriously injured c...

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Climate change scenarios in public service pensions valuations

Climate change scenarios in public service pensions valuations

Wednesday, 01 November 2023

GAD has included climate change scenario analysis in public service pension scheme (PSPS) valuations to illustrate potential implications for schemes....

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GAD attends key summit

GAD attends key summit

Friday, 27 October 2023

GAD has attended a major pensions summit in London. The event, included organisations from the UK and internationally and was addressed by the Chancel...

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GAD’s research on AI and machine learning in actuarial work

GAD’s research on AI and machine learning in actuarial work

Wednesday, 25 October 2023

The use of artificial intelligence and machine learning in UK actuarial work is growing in importance. The conclusions come from GAD research....

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GAD pensions expertise in Northern Ireland conference

GAD pensions expertise in Northern Ireland conference

Friday, 13 October 2023

GAD actuaries spoke at a public service pensions conference in Northern Ireland. They talked about core pensions work and key projects, all part of th...

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GAD helps introduce new accounting standard

GAD helps introduce new accounting standard

Tuesday, 10 October 2023

GAD has held a webinar for public sector specialists on the complex accounting standard IFRS 17. We were involved in the development of the IFRS 17 a...

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Networking opportunity for GAD's clients

Networking opportunity for GAD's clients

Monday, 09 October 2023

Clients and stakeholders have discussed the benefits of GAD’s analysis and actuarial insights on their projects at a key networking event....

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GAD innovation on show at Innovation Day

GAD innovation on show at Innovation Day

Monday, 25 September 2023

The innovation of GAD's Remedy Benefits Illustrator was on show at a cross-departmental event. The online tool provides benefits insights for public ...

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Special Feature: An interview with Martin Clarke CB

Special Feature: An interview with Martin Clarke CB

Friday, 15 September 2023

Martin Clarke, the retiring Government Actuary, reflects on the potential, drive and skills of the Government Actuary's Department and his 9-year ten...

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New Valuation Directions for public service pensions

New Valuation Directions for public service pensions

Monday, 11 September 2023

The Government Actuary has completed a consultation on public service pensions Directions which set out how 2020 valuations should be carried out....

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GAD's collaborations on show at GIRO

GAD's collaborations on show at GIRO

Friday, 01 September 2023

GAD experts will be at the 50th annual conference for general insurance actuaries. GIRO topics will include disaster risk finance, AI and trends in mo...

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Updated actuarial factors

Updated actuarial factors

Wednesday, 30 August 2023

GAD has updated actuarial factors for key public service pension schemes. Actuarial factors are used to calculate the benefits of scheme members unde...

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Rising Star Awards 2023   nominees

Rising Star Awards 2023 nominees

Friday, 04 August 2023

GAD has been nominated in 2 categories in an industry competition....

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New Government Actuary named

New Government Actuary named

Wednesday, 02 August 2023

The Financial Secretary to the Treasury has appointed Fiona Dunsire as the new Government Actuary on a 5-year fixed term appointment....

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