Government Actuary's Department

About the Government Actuary’s Department

The Government Actuary’s Department (GAD) is a vital part of the UK government, providing expert actuarial advice and services to various public sector organizations. Established to support the government in managing its financial risks, GAD plays a crucial role in ensuring the sustainability of public finances.

With a team of highly skilled actuaries, GAD specializes in areas such as pension schemes, insurance, and risk management. The department works closely with government departments, public bodies, and other stakeholders to deliver accurate and reliable actuarial analysis.

One of the core activities of GAD is to provide actuarial valuations for public sector pension schemes, helping to assess their financial health and long-term viability. This involves complex calculations and projections that inform policy decisions and funding strategies.

In addition to pension services, GAD also offers consultancy on a range of financial matters, including the assessment of liabilities and the evaluation of financial risks associated with government policies. Their expertise is instrumental in shaping effective financial strategies that align with the government’s objectives.

GAD is committed to transparency and accountability, regularly publishing reports and findings that contribute to the public understanding of government finances. The department also engages in research and development to enhance actuarial practices and methodologies.

As part of its vision, GAD aims to be a leader in actuarial services within the public sector, continuously improving its offerings to meet the evolving needs of its clients. The department values collaboration and strives to build strong relationships with stakeholders to foster a shared understanding of financial challenges.

Overall, the Government Actuary’s Department is dedicated to supporting the UK government in making informed financial decisions, ensuring the long-term stability of public sector finances for the benefit of all citizens.