People from the Government Actuary’s Department (GAD) have highlighted the department’s role in government and GAD’s place within the Civil Service’s Analysis Function. Actuaries from GAD gave presentations about the actuarial profession and helped launch the new Analysis Standard at Civil Service Live.
The event, at the QEII Centre in London, was attended by around 8,500 people and 400 speakers over 2 days (16 and 17 July 2019).
Delegates heard about the wide range of achievements which GAD has delivered for its clients and we focussed on recent projects, including:
- advising on the personal injury discount rate, which affects compensation amounts
- assessing the costs of public service pension schemes
- assisting departments with staff transfers to help ensure fair pensions provision
- developing models to support the sale of student loan debt
- reviewing the risk financing analysis for large infrastructure projects
GAD’s successes were also highlighted in June at Civil Service Live Scotland. Commenting on his presentation to civil servants in Edinburgh, George Russell, who oversees GAD’s support to the devolved administrations of Scotland and Northern Ireland, said: “These UK-wide events are an important platform for the department.
“Civil Service Live offers opportunities to show attendees more about the important and strategic work carried out by actuaries in government and how we are a core part of the Analysis Function.”