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 work of the Government Actuary's Department is core to the Analysis Function because we offer impartial actuarial analysis to our government and private sector clients.
In many instances, it’s no longer enough to just look at the financials – the profits, dividends and returns on investment. Instead, people are increasingly considering how these returns have been earned.
The Government Actuary's Department (GAD) launches one of the largest single-entry recruitment campaigns it has ever run. It's part of a push to recruit and grow our organisation to meet the growing needs of our clientele.
Actuaries are financial risk professionals, and at the Government Actuary’s Department (GAD) we provide impartial actuarial analysis to government and public sector clients. Our expertise covers insurance, investment, modelling, quality assurance, data science, pensions and social security.
Integrated risk management requires pension schemes to look at risks in the round, rather than considering each individually. This is because the risks are related – for example, funding risk is likely to be linked to either investment risk or employer covenant risk.