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Introduction to GAD
Transcript of Introduction to GAD
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:
Project board membership
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
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 - email@example.com
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
Public service pensions schemes
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: