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- Manage an in-company or private pension scheme, leading a team of administrators and advisers
- You'll need a strong understanding of financial products and markets, along with legal and regulatory responsibilities
- Progress into senior financial management roles or move into other areas like investments or insurance
Salary packages may include insurance, pension benefits and bonuses based on your performance or that of the company.
DAY-TO-DAY DUTIES
- Managing a team of pensions administrators and advisers
- Handling complex claims and settling disputes
- Planning new pension schemes and developing existing ones
- Investing the company's funds to bring the best return
- Reporting on the scheme's financial performance
- Working with actuaries, solicitors, auditors, investment consultants and trustees
- Marketing the pension schemes
DAY-TO-DAY ENVIRONMENT
You'll usually work standard office hours, Monday to Friday. You may have to work extra hours at busy times, like the end of the tax year. You'll mainly be office-based, but may need to travel to visit scheme members, employers and trustees.
You'll need
You'll need the ability to work with, and understand, complex information, good maths and business skills, strong spoken and written communication skills, the ability to make clear decisions, good negotiation skills, an organised and methodical approach, and the ability to lead and motivate a team.
You'll need a background in pensions or finance work, and a qualification in pensions, insurance or accountancy that meets industry regulatory standards.
You could also start as a trainee pensions manager or a pensions administrator and work your way up on a management training scheme.
Taking qualifications from a professional body like the Pensions Management Institute (PMI) or Chartered Insurance Institute (CII) may help you get work.
CAREER PROSPECTS
With experience, you could progress to manage larger departments or schemes, or move into other sectors like insurance. You could also become a self-employed pensions consultant.