Pension scheme managers coordinate the effective operation of company/employer and insurance company managed pensions schemes.
You may coordinate schemes that are managed by a company or employer, a benefits consultancy, a public sector pensions provider or an insurance company.
You might also be involved in the strategic development of schemes, developing new schemes or managing related funds.
Employers of pension scheme managers
- Large companies that manage their own pension schemes
- Public sector pension providers
- Life assurance firms
- liaising with employees
- working closely with human resources staff
- recruiting, training and/or supervising a pensions administration team
- developing pension policies and new pension schemes
- making sure that pension schemes are effective and meet agreed quality, performance and customer care standards
- resolving complex or controversial individual pensions claims
- producing marketing material
- making recommendations to clients and board directors
- improving schemes in response to feedback from members
- attending meetings with fund managers, actuaries, solicitors and consultants
- ensuring compliance with current statutory legislation and regulations
- writing annual/financial reports
- managing IT-based pension administration systems.
Although this area of work is open to all graduates, a degree in one of the following subjects may improve your chances:
- business management
- excellent interpersonal and relationship management skills
- strong communication skills, both written and verbal
- analytical skills and the ability to interpret complex information
- strong influencing and negotiation skills
- a good level of numeracy and IT literacy
- team-working skills
- leadership qualities
- good judgement and decision-making skills
- organization and time management skills
- meticulous attention to detail
- the ability to work well under pressure
- common sense and personal integrity.