Government
Actuary's Department - GAD - Advice to the Government
About
the Government Actuary's Department - GAD
A summary
of the services Government Actuary's Department (GAD) provides:
Occupational
pensions
GAD provide pensions consultancy services to many of the United
Kingdom public service schemes and to a number of funded pension
schemes. They also advise governments and public sector organisations
in other countries on their public sector pension arrangements.
Pensions
policy and regulation
GAD
provides actuarial advice to the UK Department for Work and Pensions
(DWP) on government policy affecting occupational pension schemes.
They also advise on the regulation of pension schemes, and they
report on the terms for contracting out of the state second pension
and produce for HM Revenue & Customs tables for calculating
the maximum income for income drawdown arrangements in relation
to unsecured pension funds and alternatively secured pension funds.
Staff
transfers
Government
policy is to provide some protection for public sector employees’
pension arrangements on a compulsory transfer of employment. GAD
advise public sector organisations on such transfers of employment,
and provide the certification of private sector organisations’
pension arrangements needed for public contracts.
Social
security
GAD
advises the United Kingdom government, and a range of other countries
and jurisdictions throughout the world, on their social security
arrangements. They provide a comprehensive analysis of a scheme’s
financial position and its likely future development.
Insurance
GAD’s
insurance team specialises in providing advice to insurance supervisors
throughout the world. An important part of their advice is the analysis
of, and commentary on, aspects of the work of the actuary in an
insurance company.
Other
services
GAD
provides advice in a variety of other actuarial and statistical
areas, including statistical analysis, healthcare financing and
actuarial training.
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