GAD standards for pension schemes

The standards the Government Actuary's Department works to when providing pension scheme services.


Standards for GAD work concerning pension schemes (‘The GAD statement of understanding')

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This ‘statement of understanding’ contains the Government Actuary’s Department’s (GAD’s) guidelines that ensure any pension scheme work the department does meets the Financial Reporting Council’s technical actuarial standards.

The areas of work the standards affect include:

  • reporting
  • data
  • modelling (calculations)
  • pensions
  • transformations

The guidance also introduces some extra requirements that provide further assurance that GAD’s pension scheme work is of sufficiently high quality.

Published 1 October 2012