, type =

Non-ministerial government department Non-ministerial government departments (NMGDs) are a type of department of the United Kingdom government that deal with matters for which direct political oversight has been judged unnecessary or inappropriate. They are headed by senior civil s ...

, logo = Actuary.svg , logo_width = 150px , logo_caption = , picture = , picture_width = , picture_caption = , formed = , dissolved = , superseding = , jurisdiction =

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and ...

, headquarters = Finlaison House, 15-17 Furnival Street, London, EC4A 1AB , region_code = GB , coordinates = , employees = c. 220 , budget = £0 (2020-2021) , minister1_name = , minister1_pfo = , chief1_name =

Martin Clarke Martin "Marty" Clarke ( ga, Máirtín Ó Cléirigh; born 13 November 1987) is a Gaelic and former Australian rules footballer who played for the Collingwood Football Club in the Australian Football League (AFL) from 2007 to 2009 and again from ...

, chief1_position =

Government Actuary The Government Actuary’s Department (GAD) provides actuarial solutions including risk analysis, modelling and advice to support the UK public sector. It is a department of the Government of the United Kingdom. GAD applies the actuarial profess ...

, chief2_name = , chief2_position = , chief3_name = , chief3_position = , chief4_name = , chief4_position = , chief5_name = , chief5_position = , agency_type = , chief6_name = , chief6_position = , chief7_name = , chief7_position = , chief8_name = , chief8_position = , chief9_name = , chief9_position = , parent_department = , parent_agency = , child1_agency = , keydocument1 = , website = , footnotes = , map = , map_width = , map_caption = The Government Actuary’s Department (GAD) provides actuarial solutions including risk analysis, modelling and advice to support the UK public sector. It is a department of the

Government of the United Kingdom ga, Rialtas a Shoilse gd, Riaghaltas a Mhòrachd , image = HM Government logo.svg , image_size = 220px , image2 = Royal Coat of Arms of the United Kingdom (HM Government).svg , image_size2 = 180px , caption = Royal Arms , date_est ...

. GAD applies the actuarial profession's technical skills, consultancy discipline, high standards of professionalism and industry sector knowledge to solve financial challenges faced by the UK public sector. The department is part of the analysis function in government responsible for providing actuarial advice to

public sector The public sector, also called the state sector, is the part of the economy composed of both public services and public enterprises. Public sectors include the public goods and governmental services such as the military, law enforcement, inf ...

clients. Its mission is to improve the stewardship of the public sector finances by supporting effective decision-making and robust financial reporting through actuarial analysis, modelling and advice.

Five-year strategy

The GAD 2025 Strategy focuses on 4 main areas; clients, people, inclusion and processes, setting out aims and priorities in each section. GAD provides actuarial and specialist analysis, advice and assurance in: * insurance and investment * data, modelling and quality assurance * pensions and social security

Annual Report and Accounts

The most recent Annual Report and Accounts (2020 to 2021) for the Government Actuary's Department i
available to view online

History

In 1912 the Government appointed a chief actuary to the National Health Insurance Joint Committee, following the

Old Age Pensions Act 1908 The Old-Age Pensions Act 1908 is an Act of Parliament of the United Kingdom of Great Britain and Ireland, passed in 1908. The Act is often regarded as one of the foundations of modern social welfare in both the present-day United Kingdom and the ...

and the

National Insurance Act 1911 The National Insurance Act 1911 created National Insurance, originally a system of health insurance for industrial workers in Great Britain based on contributions from employers, the government, and the workers themselves. It was one of the foun ...

. As the role of the Chief Actuary expanded, the post of Government Actuary was created in 1917. The Government Actuary's Department was formed 2 years later. 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. GAD has about 200 people across 2 offices (London and Edinburgh), of whom around 165 are actuaries and analysts.

List of government 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: * Alfred Watson, 14 May 1917 – 7 May 1936 * George Epps, 19 May 1936 – 30 November 1944 * Percy Harvey, 1 December 1944 – 30 August 1946 * George Maddex, 31 August 1946 – 31 March 1958 * Herbert Tetley, 1 April 1958 – 30 April 1973 * Edward Johnston, 1 May 1973 – 14 April 1989 *

Christopher Daykin Christopher David Daykin CB (born 18 July 1948) is a British actuary and civil servant. He was the head of the United Kingdom Government Actuary’s Department (GAD) from 1989 to 2007 where he worked on social security, pension fund consultanc ...

, 15 April 1989 – October 2007 * Trevor Llanwarne, May 2008 – August 2014 * Martin Clarke, August 2014 – present

Timeline of government actuaries

ImageSize = width:800 height:auto barincrement:12 PlotArea = top:10 bottom:100 right:130 left:20 AlignBars = late DateFormat = yyyy Period = from:1915 till:2021 TimeAxis = orientation:horizontal ScaleMajor = unit:year increment:5 start:1915 Colors = id:former value:rgb(0.5,0.5,0.5) legend: Former id:current value:rgb(0.25,0.25,0.25) legend: Current Legend = columns:2 left:150 top:50 columnwidth:100 TextData = pos:(20,55) textcolor:black fontsize:M text:"Tenure:" BarData = bar:Watson bar:Epps bar:Harvey bar:Maddex bar:Tetley bar:Johnston bar:Daykin bar:Llanwarne bar:Clarke PlotData= width:5 align:left fontsize:S shift:(5,-4) anchor:till bar:Watson from: 1917 till: 1936 color:former text:" Alfred Watson" bar:Epps from: 1936 till: 1944 color:former text:" George Epps" bar:Harvey from: 1944 till: 1946 color:former text:"Percy Harvey" bar:Maddex from: 1946 till: 1958 color:former text:"George Maddex" bar:Tetley from: 1958 till: 1973 color:former text:"Herbert Tetley" bar:Johnston from: 1973 till: 1989 color:former text:"Edward Johnston" bar:Daykin from: 1989 till: 2007 color:former text:"

" bar:Llanwarne from: 2008 till: 2014 color:former text:"Trevor Llanwarne" bar:Clarke from: 2014 till: 2021 color:current text:"Martin Clarke"

References

External links

Official site
{{Departments of the United Kingdom Government Pensions in the United Kingdom Non-ministerial departments of the Government of the United Kingdom 1919 establishments in the United Kingdom