The Government Actuary's Department (GAD) provides actuarial solutions including risk analysis, modelling and advice to support the UK public sector. It is a department of the Government of the United Kingdom.
Government Actuary's Department Welsh: Adran Actiwari'r Llywodraeth
The department is part of the analysis function in government responsible for providing actuarial advice to public sector clients. Its mission is to improve the stewardship of the public sector finances by supporting effective decision-making and robust financial reporting through actuarial analysis, modelling and advice.
The GAD 2025 Strategy[1] focuses on 4 main areas; clients, people, inclusion and processes, setting out aims and priorities in each section.
GAD provides actuarial and specialist analysis, advice and assurance in:
insurance and investment
data, modelling and quality assurance
pensions and social security
Annual Report and AccountsEdit
The most recent Annual Report and Accounts (2020 to 2021) for the Government Actuary's Department is available to view online.
HistoryEdit
In 1912 the Government appointed a chief actuary to the National Health Insurance Joint Committee, following the Old Age Pensions Act 1908 and the National Insurance Act 1911. As the role of the Chief Actuary expanded, the post of Government Actuary was created in 1917. The Government Actuary's Department was formed 2 years later.
The role of GAD within government expanded significantly in the 1940s and 1950s, coinciding with an expansion of the state's role in pensions, social security and health care.
By the 1980s GAD had grown into a significant actuarial consultancy within government and in 1989 the financing of GAD through an annual Parliamentary vote of funds was replaced by a system of directly charging users of GAD's services. The calculation of GAD's fees is based solely on the recovery of its costs.
GAD has about 200 people across 2 offices (London and Edinburgh), of whom around 165 are actuaries and analysts.
List of government actuariesEdit
The government actuary is the individual actuary that is responsible for the overall running and leadership of GAD.[2] The holders of this role have been:[3]
^"Government Actuary's Department 2025 Strategy" (PDF).
^Government Actuary Martin Clarke, Government Actuary's Department, retrieved 11 September 2017
^"The role of the Government Actuary in social security in the UK" (PDF).
External linksEdit
Official site
October 21, 2023
government, actuary, department, provides, actuarial, solutions, including, risk, analysis, modelling, advice, support, public, sector, department, government, united, kingdom, welsh, adran, actiwari, llywodraethnon, ministerial, government, department, overvi. The Government Actuary s Department GAD provides actuarial solutions including risk analysis modelling and advice to support the UK public sector It is a department of the Government of the United Kingdom Government Actuary s DepartmentWelsh Adran Actiwari r LlywodraethNon ministerial government department overviewFormed1919 1919 JurisdictionUnited KingdomHeadquarters10 South Colonnade Canary Wharf London E14 4PUEmployeesc 220Annual budget 0 2020 2021 Non ministerial government department executiveMartin Clarke Government ActuaryWebsitewww wbr gov wbr uk wbr gadThe department is part of the analysis function in government responsible for providing actuarial advice to public sector clients Its mission is to improve the stewardship of the public sector finances by supporting effective decision making and robust financial reporting through actuarial analysis modelling and advice Contents 1 Five year strategy 2 Annual Report and Accounts 3 History 4 List of government actuaries 4 1 Timeline of government actuaries 5 References 6 External linksFive year strategy EditThe GAD 2025 Strategy 1 focuses on 4 main areas clients people inclusion and processes setting out aims and priorities in each section GAD provides actuarial and specialist analysis advice and assurance in insurance and investment data modelling and quality assurance pensions and social securityAnnual Report and Accounts EditThe most recent Annual Report and Accounts 2020 to 2021 for the Government Actuary s Department is available to view online History EditIn 1912 the Government appointed a chief actuary to the National Health Insurance Joint Committee following the Old Age Pensions Act 1908 and the National Insurance Act 1911 As the role of the Chief Actuary expanded the post of Government Actuary was created in 1917 The Government Actuary s Department was formed 2 years later The role of GAD within government expanded significantly in the 1940s and 1950s coinciding with an expansion of the state s role in pensions social security and health care By the 1980s GAD had grown into a significant actuarial consultancy within government and in 1989 the financing of GAD through an annual Parliamentary vote of funds was replaced by a system of directly charging users of GAD s services The calculation of GAD s fees is based solely on the recovery of its costs GAD has about 200 people across 2 offices London and Edinburgh of whom around 165 are actuaries and analysts List of government actuaries EditThe government actuary is the individual actuary that is responsible for the overall running and leadership of GAD 2 The holders of this role have been 3 Alfred Watson 14 May 1917 7 May 1936 George Epps 19 May 1936 30 November 1944 Percy Harvey 1 December 1944 30 August 1946 George Maddex 31 August 1946 31 March 1958 Herbert Tetley 1 April 1958 30 April 1973 Edward Johnston 1 May 1973 14 April 1989 Christopher Daykin 15 April 1989 October 2007 Trevor Llanwarne May 2008 August 2014 Martin Clarke August 2014 presentTimeline of government actuaries EditReferences Edit Government Actuary s Department 2025 Strategy PDF Government Actuary Martin Clarke Government Actuary s Department retrieved 11 September 2017 The role of the Government Actuary in social security in the UK PDF External links EditOfficial site Retrieved from https en wikipedia org w index php title Government Actuary 27s Department amp oldid 1166525932, wikipedia, wiki, book, books, library,
