Assistant Pensions Administrator

Lane Clark & Peacock; Durley; On-site; GBP 25,000 - 35,000; Full time

Job summary

A leading company in pension consulting is looking for a detail-oriented individual to join their administration team. The successful candidate will handle various responsibilities such as benefit calculations and compliance, while effectively communicating with clients and ensuring adherence to procedures and legislation.

Qualifications

• Knowledge of pensions tax regimes and compliance with procedures.
• Understanding of statutory increases and preservation concepts.
• Ability to communicate effectively with members and third parties.

Responsibilities

• Perform benefit calculations and prepare bulk mailings.
• Ensure compliance with LCP procedures and updated legislation.
• Communicate effectively with clients and recognize non-standard cases.

Skills

Attention to detail

Communication

Knowledge of GDPR

Job description

What will you be doing?

• Benefit calculations, either manually, using a proforma, or through the pension's administration system calculation routine.
• Working through relevant checklists for each case and following procedures.
• Ensuring appropriate authorisation before releasing information.
• Preparing bulk mailings such as annual newsletters and pension increase notices.
• Communicating with members and third parties.
• Gaining and applying knowledge of clients through daily work, colleague communication, and referencing the scheme's administration guide and notes.
• Understanding scheme-specific details and their applicability.
• Ensuring compliance with LCP procedures.
• Keeping updated with legislative changes.
• Understanding concepts like preservation, statutory increases, contracting-out (including GMPs), and pensions tax regime.
• Drafting non-standard letters as needed.
• Recognising non-standard cases (e.g., part-timers).
• Applying GDPR principles at all times.