In his opening blog, the Government Actuary Martin Clarke talks about the detailed issues which people in GAD deal with on a regular basis. These can include examining the:
• appropriate cost today for the future pensions of 5 million public sector workers
• NHS’s liability for clinical negligence claims and what influences it
• appropriate solvency standard for the emerging defined benefit pension consolidators
Martin Clarke commented: “These are all fascinating areas where public policy and the national interest intersect with the worlds of risk and uncertainty. An intelligent and informed analysis based on evidence and assumptions can lead to better decisions, and – in many cases – the avoidance of unnecessary costs.”
Risk management … and recruitment
In other posts we hear from GAD actuary Andy Jinks, who looks at the knotty problem of ‘bow tie’ risk management. As he says, it’s “an approach that’s applied more widely in the identification and management of any type of risk.”
We hear too from GAD’s Head of HR Operations about one of the largest recruitment exercises the department has ever run. We have vacancies for 12 actuaries and 6 part-qualified actuarial trainees, as well as an accounts receivable officer in the finance team – that’s 19 people in all. Read Shamailla’s blog about how the HR team is working with GAD team leaders to make sure the whole exercise runs as smoothly as possible.
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