GAD appoints first female government actuary

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The Financial Secretary to the Treasury has appointed Fiona Dunsire as the new government actuary on a five-year fixed term appointment.

She will be the first female to take up the post at the Government Actuary’s Department since the creation of the role in 1917. She will succeed Martin Clarke who will retire later in 2023. Clarke has been the government actuary since 2014.

He said: “It has been a privilege to lead the Government Actuary’s Department for over nine years. I warmly congratulate Fiona on her appointment as the new government actuary and wish her well in the role”.

Dunsire has 35 years of actuarial experience in the private sector, where she has held a variety of roles across pensions and investments, including as UK chief executive of Mercer from 2012 to 2019. She has been a fellow of the Institute and Faculty of Actuaries since 1993.

She said the department has a “long and proud history of producing high quality actuarial analysis” across the public sector for more than 100 years, adding: “I look forward to leading the department over the coming years and continue to broaden its impact in helping to address the multigenerational issues we face as a society.”

The government actuary is the principal actuarial adviser to the government, leading GAD and acting as its Accounting Officer. GAD provides actuarial advice and support to the government and public sector to help understand and analyse financial risk and uncertainty for a wide range of contemporary issues, including pension valuations, insurance and social security.

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