Assistant Pensions Manager

TN United Kingdom; Woking; Hybrid; GBP 50,000 - 60,000; Full time

Job summary

Join a forward-thinking organization as an Assistant Pensions Manager, where you will play a key role in managing pension arrangements and driving projects. This dynamic position involves collaborating with advisers and internal teams on various pension initiatives, ensuring compliance during acquisitions, and maintaining accurate communications. With a hybrid working model and a competitive salary, this is an exciting opportunity for someone with a passion for pensions and a desire to make a significant impact in a supportive team environment.

Qualifications

• Experience in managing both DB and DC pension schemes.
• Knowledge of TUPE transfers and acquisitions.

Responsibilities

• Support DB & DC pension projects and manage pension integration.
• Prepare employee communications and attend Trustee meetings.

Skills

Occupational pensions management

Defined Benefit schemes

Defined Contribution schemes

Mergers and acquisitions experience

Compliance and legal knowledge

Communication skills

Education

APMI / FPMI qualifications

Relevant PMI exams

Job description

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Assistant Pensions Manager

As an Assistant Pensions Manager, you will work within a small team of two and will play an integral role in the business's activities. This is a varied role involving both routine management of pension arrangements and ad-hoc project work.

Job Description

1. Support a variety of DB & DC pension projects, collaborating with advisers and internal teams to deliver initiatives such as GMP Equalisation, Pensions Dashboard, legislative changes, Trustee governance, managing DB liabilities, DC investment changes, and others as they arise.
2. Manage pensions integration during acquisitions, new bids, re-tenders, exits, TUPE deals, and Civil Service Pension Scheme participation, ensuring legal and procedural compliance, risk identification, and successful personnel transfers.
3. Prepare, approve, and distribute employee communications, with input from advisers.
4. Support Payroll and pension providers with Auto-Enrolment obligations.
5. Attend Trustee and Sub-Committee meetings, take minutes, and explore automation options.
6. Manage the Pensions Team Budget and invoice payments via the Purchase Orders system.
7. Maintain up-to-date, clear, and accurate pensions communications, website content, and documentation such as Trust Deeds, member booklets, statutory statements, Annual Reports, and member forms.
8. Liaise with Pension Administrators and the Trust to resolve queries, review reports, and monitor cash forecasts.
9. Assist the Insurance Broker with annual renewals and premiums for Group Life Cover and Income Protection.
10. Research legislative changes and best practices, recommending process updates for compliance and efficiency.

The Successful Applicant

1. Experience in occupational pensions, including both Defined Benefit and Defined Contribution schemes.
2. Experience with mergers, acquisitions, and TUPE transfers within a company.
3. Experience working with Trustees and advisers such as Actuaries, Auditors, and Legal professionals.
4. Ideally, progress towards APMI / FPMI qualifications or relevant PMI exams.
5. Some experience with public sector pension arrangements is preferred.

What's on Offer

Salary up to £60,000, hybrid working model, and additional benefits.