eNews Article: Celebrating GAD's centenary
Published 30 April 2019
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Celebrating GAD鈥檚 centenary!
The Government Actuary鈥檚 Department was established in 1919 to be a dedicated source of actuarial advice within government. The last 100 years have seen GAD鈥檚 expertise in actuarial analysis evolve and flourish through continued innovation and development within the department. The modern GAD is a diverse, flexible and esteemed Civil Service department that our first Government Actuary, Sir Alfred Watson, could have only imagined.
100 Years at GAD
Year of celebration
We will be marking this milestone year with a programme of celebration including a centenary lecture, which is scheduled for 6 June.
GAD'S Centenary programme
eNews from GAD will showcase a series of engaging 鈥榙eep dives鈥� into each of GAD鈥檚 main specialist areas; social security, pensions, investment, insurance and modelling. The series begins in this edition with a discussion of our work in social security.
A century of progress
In 1919, the UK government faced many challenges. In public health, high rates of childhood mortality and the impact of infectious diseases left average life expectancy at birth at around 55 years. The influenza pandemic of 1918 was only then subsiding, leaving a global death toll of more than 50 million in its wake.
Fast forward to today and through a combination of rapid healthcare improvements and rising living standards, the UK鈥檚 average life expectancy at birth is now around 80 years. There are around 15,000 centenarians alive in the UK and during 2019 we expect more people than ever before will be celebrating this milestone birthday.
A century ago, there were also opportunities for government to address social inequalities. British society has changed substantially since then, on the whole becoming more inclusive, although there is still much to be done. As an example, the House of Commons was historically the preserve of men. Now, new stats show the Commons are becoming increasingly more representative of society with a of women and or LGBTQ MPs, as well as many from ethnic minorities and a range of educational backgrounds.
GAD鈥檚 contributions
For the last 100 years, GAD have advised government, helping public servants to make informed choices on the path to creating a better society. Our centenary provides an opportunity to recall and reflect on the contributions by GAD experts to building the United Kingdom of today. The timeline on the next page looks back at some key highlights from GAD鈥檚 first 100 years.
Key highlights from GAD's first 100 years
Embracing the future
We now live in an increasingly global and digital age with few barriers to communication and information sharing. The tools at government鈥檚 disposal for maintaining robust public finances are more sophisticated than ever, including:
- The Office for Budget Responsibility鈥檚 鈥楩iscal Risks Report鈥�
- The Orange Book: 鈥楳anagement of risk 鈥� Principles and Concepts
There are many uncertainties for the government to navigate, including emerging climate change, rapid changes to our digital world (including developments in artificial intelligence), and the risk of economic shocks. GAD will continue to evolve to ensure that, whatever challenges the next century brings, our government will continue to receive the high quality risk analysis and support it requires.
Please contact [email protected] for further details on the centenary celebrations.