Pension scheme managers coordinate the effective operation of company/employer and insurance company managed pensions schemes.
Typical responsibilities of the job include:
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.
This career is open to both university graduates and school leavers. If you want to enter directly at trainee pensions manager level, you will find that some employers prefer graduates with degrees in business, finance or law
PMI offers an accredited professional qualification that pension scheme managers are required to complete once in employment. Previous relevant experience is not usually required, although some employers do offer summer vacation work experience placements.
Excellent communication skills
Large companies that manage their own pension schemes
Public sector pension providers
Life assurance firms