The African Risk Capacity (ARC) organisation marks 10 years of providing rapid prearranged finance following extreme weather events and GAD works with ARC and others. In this blog we look at the use of parametric insurance to deliver support to the most vulnerable areas of the world.
The main public sector employers now contribute more than £50 billion annually to support employee retirement benefits. This begins to shows how significant pensions are in the remuneration of approximately 6 million UK public servants. In this blog we consider how this can be communicated effectively.
We work with the International Social Security Association (ISSA). In this blog, GAD Senior Consulting Actuary Chris Morley talks about his visit to the forum for ISSA technical commissions (TCs) in Geneva. The ISSA is the world’s leading international organisation for social security institutions, government departments and agencies. In March 2023 he was appointed as Vice-Chair of ISSA’s TC for Statistical, Actuarial and Financial Studies.
GAD supports the Zambia Workers' Compensation Fund through its actuarial valuation of the Fund every 3 years. In this blog we look at what this involves - such as a valuation of liabilities and assets, and an assessment of contribution rates employers pay.
The theme of this year’s International Women's Day (IWD) is #InspireInclusion. To mark IWD on 8 March, Fiona Dunsire, the Government Actuary, has been reflecting on what this means in her current role and in her career.
“Net zero” has become a buzz phrase for climate-conscious companies over the past few years and has also infiltrated the world of investing. However, when it comes to investing, net zero targets are perhaps not the saviour that they seem to be in the corporate world. Find out more in this blog.
In this follow up blog, we look at the challenges public sector organisations can face when implementing TCFD recommendations. We focus on scenario analysis as it can be a complex aspect of the recommendations.
As we in the Government Actuary's Department are preparing to produce climate-related financial disclosures for the first time, this blog post is the first in a series that will explore the adoption of TCFD recommendations in the public sector.
2023 started with inflation at highs last seen in the early 1990s. While inflation has been falling it remains above the Bank of England’s target. In this blog we consider the drivers behind inflation, why those drivers may lead to more volatility than we experienced throughout the 2000s, and the risk posed by deflation.
When it comes to pension schemes, how do we achieve operational sustainability, solve the administration dilemma and make the journey easier? In this blog we reflect on the steps schemes can take to lighten the load imposed by poor data, leading to increased automation levels and more engaging digital offerings.