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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.
GAD has included climate change scenario analysis in public service pension scheme (PSPS) valuations to illustrate potential implications for schemes.
GAD has attended a major pensions summit in London. The event, included organisations from the UK and internationally and was addressed by the Chancellor.
The use of artificial intelligence and machine learning in UK actuarial work is growing in importance. The conclusions come from GAD research.
A list of current flyers and slides produced for webinars by GAD.
GAD actuaries spoke at a public service pensions conference in Northern Ireland. They talked about core pensions work and key projects, all part of the department’s portfolio.
GAD has held a webinar for public sector specialists on the complex accounting standard IFRS 17. We were involved in the development of the IFRS 17 application guidance.
Clients and stakeholders have discussed the benefits of GAD’s analysis and actuarial insights on their projects at a key networking event.
The innovation of GAD's Remedy Benefits Illustrator was on show at a cross-departmental event. The online tool provides benefits insights for public service pension schemes.
Martin Clarke, the retiring Government Actuary, reflects on the potential, drive and skills of the Government Actuary's Department and his 9-year tenure as the head of GAD.
The Government Actuary has completed a consultation on public service pensions Directions which set out how 2020 valuations should be carried out.
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