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.
The ways in which GAD can capitalise on the benefits of artificial intelligence technologies, are explored in this blog. We use generative AI tools to enhance the quality of our analysis in various ways, while carefully navigating potential pitfalls.
In this blog, the GAD actuary who helped establish the government’s Contingent Liability Central Capability talks about his time supporting the establishment and initial growth of the new team.
Actuaries consider recent mortality patterns to help predict future trends using demographic modelling. This helps inform assumptions used in our pensions and insurance work.
The ways in which a GAD trainee actuary combined analysis, actuarial skills and financial modelling are explored in this blog about work in policy areas relating to indemnity and patient safety.
The importance of context in disaster risk financing is one of the main lessons learned while working as an actuary at the Centre for Disaster Protection. In this blog read about how actuarial skills are a good fit when it comes to understanding ways to manage risk through financial mechanisms.
The ways in which financial assistance can be allocated to countries in need are discussed in this blog. GAD actuary Andy Jinks reflects on his first year on the Governance Committee of the Start Ready organisation.
Earlier this month the DWP announced a 'reset' of the Pensions Dashboards Programme. But connection, and the technology required by schemes to connect, remains just one part of preparing for pensions dashboards. This blog focuses on one of the other vital elements to dashboards success - matching.