The standards the Government Actuary's Department works to when providing pension scheme services.
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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:
- modelling (calculations)
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