Government Actuary
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| Non-ministerial government department overview | |
|---|---|
| Formed | 1919 |
| Jurisdiction | United Kingdom |
| Headquarters | Finlaison House, 15-17 Furnival Street, London, EC4A 1AB |
| Employees | 170 |
| Annual budget | £0 (2013-2014) (taxpayer liability only) |
| Non-ministerial government department executive |
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| Website | www |
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. It describes itself as providing "Actuarial analysis - For the public sector - From the public sector".
The services GAD provides are:
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.
The role of GAD within government expanded significantly in the 1940s and 1950s, coinciding with an expansion of the state’s role in pensions, social security and health care. By the 1980s GAD had grown into a significant actuarial consultancy within government and in 1989 the financing of GAD through an annual Parliamentary vote of funds was replaced by a system of directly charging users of GAD’s services. The calculation of GAD's fees is based solely on the recovery of its costs.
Today, GAD has offices in London and Edinburgh and employs around 160 staff of whom over 100 are qualified or trainee actuaries.
The Government Actuary is the individual actuary that is responsible for the overall running and leadership of GAD. The holders of this role have been:
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