Government Actuary's Department

From Academic Kids

The Government Actuary’s Department (GAD) is a department of the UK Government responsible for providing actuarial advice to public sector clients.

The key responsibilities of GAD are:

  • Actuarial valuations and advice for public sector pension schemes;
  • Surveys of Occupational Pension Schemes;
  • Advising the Government on pension schemes;
  • Assessing the solvency levels of life insurance and general insurance companies;
  • Producing population projections, and
  • Advising the Government on the supervision of the National Insurance Fund.

History

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.

Government Actuaries


May 1917- May 1936Sir Alfred Watson KCB
May 1936 - Nov 1944Sir George Epps KBE
Dec 1944 - Aug 1946Sir Percy Harvey KBE, CB
Aug 1946 - Mar 1958Sir George Maddex KBE
Apr 1958 - Apr 1973Sir Herbert Tetley KBE, CB
May 1973 - Apr 1989Sir Edward Johnston KBE, CB
Apr 1989 - PresentChristopher Daykin CB

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