Assistant Pensions Administrator

Lane Clark & Peacock; City Of London; On-site; GBP 30,000 - 40,000; Full time

Job summary

A reputable pension consultancy in the City of London seeks a dedicated individual to perform benefit calculations and ensure compliance with pension regulations. Your responsibilities will include preparing bulk mailings, communicating with members, and understanding pension legislation. The role requires effective communication skills and attention to detail. This position is based on-site in London.

Qualifications

• Experience in pension calculations and compliance with GDPR.
• Ability to draft letters and communicate effectively with members.
• Knowledge of pension legislation and administration.

Responsibilities

• Calculate benefits manually and using systems.
• Follow procedures and checklists for compliance.
• Communicate with members and prepare newsletters.

Job description

What will you be doing?

• Benefit calculations, either by a manual calculation, using a proforma and by using the relevant pension's administration system calculation routine
• Working through relevant checklists for each individual case and following procedures
• Understanding that appropriate authorisation is required before releasing information
• Preparing bulk mailings of annual newsletters, pension increases etc.
• Communicating with members and other third parties
• Gaining and applying knowledge of clients through day to day work, speaking with colleagues and partners and referring to the scheme's administration guide and specific notes
• Being aware of what is scheme specific and not necessarily applicable for all schemes
• Ensuring compliance with LCP procedures when completing cases
• Keeping up to date with changes in legislation
• Understanding preservation, statutory increases, contracting-out (including GMPs) and the current pensions tax regime
• Drafting non-standard letters where required
• Recognising non-standard cases (e.g. part-timers)
• Showing awareness of the General Data Protection Regulations and applying these at all times