Government Actuary's Department
The Government Actuarys 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 Actuarys Department was formed.
Government Actuaries
| May 1917- May 1936 | Sir Alfred Watson KCB |
| May 1936 – Nov 1944 | Sir George Epps KBE |
| Dec 1944 – Aug 1946 | Sir Percy Harvey KBE, CB |
| Aug 1946 – Mar 1958 | Sir George Maddex KBE |
| Apr 1958 – Apr 1973 | Sir Herbert Tetley KBE, CB |
| May 1973 – Apr 1989 | Sir Edward Johnston KBE, CB |
| Apr 1989 – Present | Christopher Daykin CB |