- Number of employees:
- Number of qualified actuaries:
- International Opportunities:
GAD was established as a government department in 1919. Today, we provide actuarial analysis for public sector clients throughout the UK. We are based in central London in the heart of the financial community, with a second office in Edinburgh, and currently employ around 50 actuaries and 50 trainees. We are a not for profit organisation.
Our analysis enables government to formulate national policy and manage public sector finances. This work is crucial to the welfare of millions of people both in the UK and overseas. We provide advice on a wide variety of topics in many fields.
GAD provides actuarial analysis to the public sector from the public sector. Our aim is to be a highly valued principal provider of actuarial analysis and advice to all parts of the UK Government and other relevant UK public bodies.
For UK Central Government (and the devolved administrations) to deliver and be seen to deliver:
For other public sector (UK and overseas) to win and deliver as much actuarial analysis work as we can, subject to:
In addition to the core values of the Civil Service (integrity, honesty, objectivity and impartiality), GAD’s values are:
Each year we recruit a small number of people who have the clear potential to become fully qualified actuaries and who will relish the challenges of our diverse and public interest orientated work.
As a minimum, candidates should:
Applicants must be highly numerate, but do not need to be maths graduates. Many people come to GAD from other disciplines, such as physics or economics.
At the Government Actuary’s Department we are renowned for the quality of our advice. This is because we select only the most promising recruits.
Providing actuarial support to some of the largest pension schemes in the UK, our work is crucial to the welfare of millions of people. Our graduates are the actuaries of the future.
As a trainee actuary you will work as part of a team with qualified actuaries in both our London and Edinburgh office, to deliver advice across a broad range of areas such as valuations, benefit design, investment strategy and government policy. In addition to advising government, trustees and employers, there may also be opportunities to work in UK and international social insurance, long-term care, health, risk and insurance.
As your experience grows you can expect to have regular client contact. To help you qualify as quickly as possible we offer substantial study support with generous study leave, discussion classes, and paid for tutorials, courses, exam entry and exam counselling. We also provide an internal business training programme to help trainees grasp the opportunities we offer and to assume new responsibilities, including: