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We worked closely with the government on a purchase from National Grid to form the publicly owned National Energy System Operator.
Personal injury discount rates (PIDR) in Scotland and Northern Ireland have been updated. PIDR determines damages awards to people with long-term injuries.
The Government Actuary’s Department (GAD) announces the reappointment of Les Philpott as non-executive director and Management Board chair.
GAD has shared insights around the use of data science to model drought in sub-Saharan Africa at a cross-government modelling and forecasting network event.
GAD supports UK regulators by helping them understand the pension costs of the companies they regulate. We provide data, analysis and evidenced based expertise.
GAD’s case studies showcase the variety of projects we are involved in across several areas. These include pensions, credit risk and quality assurance.
A GAD actuary has been appointed to a new financial panel. The cost benefit analysis panel was set up by the Bank of England and Prudential Regulation Authority.
GAD's quality assurance reviews of financial models helps with verifying model calculations and validating data and assumptions.
GAD will shortly be updating Factor Guidance Notes for public service pensions schemes. It follows completion of a major actuarial factors review project.
GAD has set up a cross-government Credit Risk group for people in government and the public sector who manage loans and financial guarantees.
GAD works closely with NHS Resolution which handles negligence claims on behalf of indemnity scheme members; NHS organisations and independent sector providers.
GAD’s report on the 2022 actuarial valuations of the Local Government Pension Scheme England and Wales includes 3 recommendations for the Scheme Advisory Board.
We support and sponsor innovation for people working in government analysis. GAD collaborates with the Analysis Function, promoting the value of innovation.
GAD is supporting the government in the development of Sizewell C. We have applied our experience of funding models to advise the government.
Actuarial valuations are one type of support we offer to pension schemes clients. Pensions sector experts learned about GAD's key skills at a recent event.
We use AI to help government departments process consultation responses. This helps clients analyse responses submitted by people in industry and the public.
GAD's Scheme Actuaries work with various schemes which cover thousands of members. We advise on a combination of factors to measure schemes' financial risk.
GAD has extended its presence in the global social security community at a European meeting with a presentation on UK social security and pensions arrangements.
A reflection on the life of the former Government Actuary, Martin Clarke, who has passed away after a period in hospital.
We provide analysis and advice on setting commercially equivalent interest rates, used by Innovate UK for loans to small and medium sized businesses.
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