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From Government Actuary's Department (GAD)
  • 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.

  • GAD developed a pension benefit modeller to support the Nuclear Decommissioning Authority as it undertook a pension reform programme.

  • 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 scientists.

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

  • 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 key event.

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

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

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

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

  • 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 schools.

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

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