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From Government Actuary's Department (GAD)
  • Clients award GAD 4.7 stars out of 5 for being highly valued. The findings are from our latest client feedback exercise which surveyed our clients about GAD.

  • GAD provided recommendations for HM Treasury's guidance on climate scenario analysis for government and public bodies. We looked at approaches for each factor.

  • Public sector organisations are reminded to ensure accounts will be IFRS 17 compliant when accounting for insurance contracts, from this financial year onwards.

  • GAD developed a pension benefit modeller to support the Nuclear Decommissioning Authority as it undertook a pension reform programme.

  • A new report on climate risk, co-authored by a GAD actuary, is based on the latest climate research. It was a collaboration between actuaries and scientists.

  • Actuarial valuations for public service pension schemes are now published, most of which set employer contribution rates and assess the cost control mechanism.

  • The importance of managing risks around net zero, and areas where GAD can help the public sector with plans for net zero projects, were explored at a key event.

  • GAD has built a pension benefit modeller to support the Nuclear Decommissioning Authority as it undertakes a pension reform programme.

  • We peer reviewed a draft report on a new methodology for estimating excess deaths. The ONS publication compared old and new methodologies.

  • GAD has expanded its pensions administration consultancy team which provides support to pension scheme clients on strategic administration related projects.

  • GAD is working with an AI partner to investigate fine tuning a large language model to perform quality assurance checks on pension administrator calculations.

  • GAD marks a decade since we helped set up an alternative to commercial insurance for schools. The Risk Protection Arrangement now covers over 10,000 schools.

  • GAD’s annual report on the National Insurance Fund projects contribution income up to the end of the 2028 to 2029 financial year.

  • GAD has devised a modeller to support clients as they seek to equalise pensions for scheme members. It provides bespoke solutions according to clients’ needs.

  • GAD Senior Consulting Actuary, Chris Morley, addressed the conference on the importance of illustrating risk to assess the sustainability of social programmes.

  • We support government to meet its accounting requirements. In this Special Feature we consider the importance of accounting for public service pension schemes.

  • GAD supported Ofgem through a reasonableness review of pension scheme costs of the gas and electricity network operators’ defined benefit pension schemes.

  • GAD analyses announcements in the Autumn Statement, as they relate to areas where we specialise. We look at pension reform proposals, and other measures.

  • GAD has published its Annual Report and Accounts for the 2022 to 2023 financial year. The report sets out the main projects and successes of the year.

  • The Personal Injury Discount Rate in the Isle of Man has been updated, using advice provided by GAD. It relates to sums awarded to seriously injured claimants.