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From Government Actuary's Department (GAD)
  • GAD has shared insights around the use of data science to model drought in sub-Saharan Africa at a cross-government modelling and forecasting network event.

  • GAD supports UK regulators by helping them understand the pension costs of the companies they regulate. We provide data, analysis and evidenced based expertise.

  • GAD’s case studies showcase the variety of projects we are involved in across several areas. These include pensions, credit risk and quality assurance.

  • A GAD actuary has been appointed to a new financial panel. The cost benefit analysis panel was set up by the Bank of England and Prudential Regulation Authority.

  • GAD's quality assurance reviews of financial models helps with verifying model calculations and validating data and assumptions.

  • GAD will shortly be updating Factor Guidance Notes for public service pensions schemes. It follows completion of a major actuarial factors review project.

  • GAD has set up a cross-government Credit Risk group for people in government and the public sector who manage loans and financial guarantees.

  • GAD works closely with NHS Resolution which handles negligence claims on behalf of indemnity scheme members; NHS organisations and independent sector providers.

  • GAD’s report on the 2022 actuarial valuations of the Local Government Pension Scheme England and Wales includes 3 recommendations for the Scheme Advisory Board.

  • We support and sponsor innovation for people working in government analysis. GAD collaborates with the Analysis Function, promoting the value of innovation.

  • GAD is supporting the government in the development of Sizewell C. We have applied our experience of funding models to advise the government.

  • Actuarial valuations are one type of support we offer to pension schemes clients. Pensions sector experts learned about GAD's key skills at a recent event.

  • We use AI to help government departments process consultation responses. This helps clients analyse responses submitted by people in industry and the public.

  • GAD's Scheme Actuaries work with various schemes which cover thousands of members. We advise on a combination of factors to measure schemes' financial risk.

  • GAD has extended its presence in the global social security community at a European meeting with a presentation on UK social security and pensions arrangements.

  • A reflection on the life of the former Government Actuary, Martin Clarke, who has passed away after a period in hospital.

  • We provide analysis and advice on setting commercially equivalent interest rates, used by Innovate UK for loans to small and medium sized businesses.

  • Clients award GAD 4.7 stars out of 5 for being highly valued. The findings are from our latest client feedback exercise which surveyed our clients about GAD.

  • GAD provided recommendations for HM Treasury's guidance on climate scenario analysis for government and public bodies. We looked at approaches for each factor.

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