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Introduction to GAD

A short introduction to the Government Actuary's Department outlining who we are and what we do. For more information about our services, see: https://www.gov.uk/government/publications/gad-services/government-actuarys-department-services

Information Management Team

on 11 October 2016

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Transcript of Introduction to GAD

Actuaries in government:
An introduction to the Government Actuary's Department (GAD)

Government Actuary's Department
Mission: To support effective decision-making and robust reporting within government as the first choice provider of actuarial and specialist analysis, advice and assurance.
Who are GAD?
The Government Actuary's Department is a non-ministerial government department providing actuarial services to a wide range of other government departments. We have approximately 160 staff, with over 100 being qualified or trainee actuaries.
Tell me more...
We are headed by Martin Clarke, the Government Actuary, and based in Finlaison House, Furnival Street, London (near Chancery Lane).
How can I get help from GAD?
Ways of working:
Client/advisor relationships
Onsite actuaries
Project board membership
Project work
Our actuaries:
Have professional financial risk and modelling expertise.

Can particularly help in complex situations concerning long term risk and uncertainty.

Comply with the highest professional and ethical standards.

Work in a range of areas such as pensions, insurance, investment, social security and healthcare.
What does GAD do?
Types of project
Pension scheme actuarial valuations
Insurance reserving and pricing
Quality assurance of financial models
Advice on policy development
Ad hoc modelling
Peer review
What is an actuary?
As a shared service provider GAD doesn't exist to make a profit or to grow business for its own sake, but to do the best we can in the interests of the taxpayer.
Contact us in the following ways:
Email - enquiries@gad.gov.uk
Phone - 020 7211 2601
Address - Government Actuary's Department, Finlaison House, 15-17 Furnival Street, London. EC4A 1AB.
Insurance and risk transfer
GAD advises the UK Government and other organisations on matters relating to the following areas:
Investment and risk
Staff transfers
Public service pensions schemes
Social security
Modelling and quality assurance
Blackboard copyright: Tiwat Kongwichianwat
Pensions policy, regulation and supervision
Funded pension schemes
Use the following link to find out more about any of the previously mentioned areas:

Full transcript