The Government Actuary's Department acts as an actuarial consultancy, providing advice to many of the public service pension schemes, including those for civil servants, NHS staff, teachers, the armed forces and miners.
Its work in this field covers nearly three million public service workers who are members of pension schemes. Pensions advice is offered to government departments, the wider public sector, some private sector employers, and to some overseas public sector employers.
Occupational pensions consultancy services
A full range of occupational pensions consultancy services is offered.
The Government Actuary's Department's experience over many
years of a wide range of pension issues has allowed it to
develop specialised expertise in all areas of pensions policy
and financial management. All of GAD's actuaries working
in this field have 'Scheme Actuary Certificates', the practising
certificates issued by the Faculty
and Institute of Actuaries to pensions specialists.
GAD's pensions services include:
- the valuation of the liabilities and assets of pension schemes
- the effect of legislation on occupational pension schemes
- pension scheme design
- investment policy
- member communications
- annual reporting
- stochastic asset liability modelling and cashflow modelling
- computerised systems for pension calculations
- scheme restructuring
- GAD advises employers on the pension implications of staff transfers from the public to the private sector
More information on schemes
The Government Actuary's Department's advice on specific public sector pension schemes is usually provided to the managers (or trustees) of the scheme or to the relevant government department or public body.
Enquiries regarding public sector pension schemes from scheme members, the general public, or the pensions industry should normally be directed to the scheme administrators.
Public sector pension schemes available over the internet include:
More information on GAD's work
The actuarial reports produced by the Government Actuary's
Department for public sector pension schemes which are publicly
available should be obtained from The
Stationery Office. These include actuarial valuation
reports for the NHS Pension Scheme and the teachers' pension
schemes.
General enquiries regarding GAD's pension consulting work, including enquiries from potential clients, should be addressed to Terry Jones tel: +44 (0)20-7211 2625, who will refer you to the appropriate person.
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