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From Wikipedia, the free encyclopedia

The Government Actuary’s Department (GAD) is a department of the Government of the United Kingdom responsible for providing actuarial advice to public sector clients. Since 1989, it has required all clients to pay for its services and aims to cover its costs from fee income. It refers to itself as "the actuarial consultancy - in the public sector - for the public sector".

The services GAD provides are:

  • Actuarial valuations and advice for public sector pension schemes;
  • Advice to the Government on occupational pension schemes;
  • Advice on the pension aspects of staff transfers from the public sector;
  • Advice to the UK government and overseas organisations on their social security arrangements and actuarial reviews of the National Insurance fund;
  • Advice to overseas insurance supervisors, and
  • Other actuarial and statistical advice on areas, including statistical analysis, healthcare financing and actuarial training.

History

In 1912 the Government appointed a chief actuary to the National Health Insurance Joint Committee, following the Old Age Pensions Act 1908 and the National Insurance Act 1911.

As the role of the Chief Actuary expanded the post of Government Actuary was created in 1917. Two years later the Government Actuary’s Department was formed.

Government Actuaries

  • May 1917 – May 1936: Sir Alfred Watson KCB
  • May 1936 – Nov 1944: Sir George Epps KBE
  • Dec 1944 – Aug 1946: Sir Percy Harvey KBE, CB
  • Aug 1946 – Mar 1958: Sir George Maddex KBE
  • Apr 1958 – Apr 1973: Sir Herbert Tetley KBE, CB
  • May 1973 – Apr 1989: Sir Edward Johnston KBE, CB
  • Apr 1989 – Oct 2007: Christopher Daykin CB
  • May 2008 – Present : Trevor Llanwarne

External links

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