Government Actuarys Department
The Government Actuarys Department (GAD) has launched a new blog site, where you can read more about the projects and successes of the department, by GAD people themselves.
Intelligent and informed analysis
In his opening blog, the Government Actuary Martin Clarke talks about the detailed issues which people in GAD deal with on a regular basis. These can include examining the:
appropriate cost today for the future pensions of 5 million public sector workers
NHSs liability for clinical negligence claims and what influences it
appropriate solvency standard for the emerging defined benefit pension consolidators
Martin Clarke commented: These are all fascinating areas where public policy and the national interest intersect with the worlds of risk and uncertainty. An intelligent and informed analysis based on evidence and assumptions can lead to better decisions, and in many cases the avoidance of unnecessary costs.
Risk management and recruitment
In other posts we hear from GAD actuary Andy Jinks, who looks at the knotty problem of bow tie risk management. As he says, its an approach thats applied more widely in the identification and management of any type of risk.
We hear too from GADs Head of HR Operations about one of the largest recruitment exercises the department has ever run. We have vacancies for 12 actuaries and 6 part-qualified actuarial trainees, as well as an accounts receivable officer in the finance team thats 19 people in all. Read Shamaillas blog about how the HR team is working with GAD team leaders to make sure the whole exercise runs as smoothly as