Government Actuary's Department Explained

Agency Name:Government Actuary's Department
Welsh: Adran Actiwari'r Llywodraeth
Type:Non-ministerial government department
Jurisdiction:United Kingdom
Headquarters:10 South Colonnade, Canary Wharf, London, E14 4PU
Region Code:GB
Employees:c. 220
Budget:£0 (2022-2023)
Chief1 Name:Fiona Dunshire
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.

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. 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:[1]

Timeline of government actuaries

ImageSize = width:800 height:auto barincrement:12PlotArea = top:10 bottom:100 right:130 left:20AlignBars = late

DateFormat = yyyyPeriod = from:1915 till:2024TimeAxis = orientation:horizontalScaleMajor = 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 bar:Dunshire

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:"Christopher Daykin" bar:Llanwarne from: 2008 till: 2014 color:former text:"Trevor Llanwarne" bar:Clarke from: 2014 till: 2023 color:former text:"Martin Clarke" bar:Dunshire from: 2023 till: 2024 color:current text:"Fiona Dunshire"

External links

Notes and References

  1. Web site: The role of the Government Actuary in social security in the UK.