Pension Manager

Lloyds Banking Group; Wellington; Hybrid; Full time

Benefits offered by this job

Flexible working options

Job summary

A leading financial services organization in the UK seeks an experienced Pension Manager to oversee the Scottish Widows Master Trust. The ideal candidate will possess extensive knowledge of pensions, strong influencing skills, and a proven track record in managing Trustee Boards. The position offers a hybrid working environment, allowing flexibility for colleagues. This is a unique opportunity to contribute to one of the fastest-growing Master Trusts, ensuring governance and effective decision-making.

Qualifications

• 10 years’ experience with Trustee Boards.
• Experience in pensions and Master Trusts.
• Proven ability to explain complex issues clearly.

Responsibilities

• Delivery of Trustee Board meeting papers and minutes.
• Liaison with Trustees' advisers.
• Reporting on technical and legislative changes.

Skills

Knowledge of pensions

Interpersonal skills

Negotiation skills

Influencing skills

Communication skills

Education

APMI or equivalent

Job description

End Date

Wednesday 15 April 2026

Salary Range

£0 – £0

We support flexible working – click here for more information on flexible working options

Flexible Working Options

Hybrid Working, Job Share

Job Description Summary

Job Description

JOB TITLE: Pension Manager
LOCATION: UK wide
HOURS: Full time
WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at one of our office sites. Colleagues with disabilities can be supported with workplace adjustments including hybrid working expectations in line with our Flexibility Works policy. We can also consider remote working for the ideal candidate.

What You’ll Be Doing

We have an exciting opportunity for a dynamic and knowledgeable pensions professional to join us as the Pension Manager for the award‑winning Scottish Widows Master Trust. This is a rewarding role for someone who enjoys working collaboratively and contributing to a well‑established team. The Scottish Widows Master Trust has a strong governance framework and is focused on delivering good outcomes for members. You'll have the opportunity to shape and support the continued development of one of the fastest‑growing Master Trusts in the market. Your depth of pension knowledge and experience, particularly of occupational pension schemes, will mean that you'll start fast and quickly become an integral part of our team. You'll be able to use your knowledge and skills to influence and lead, engaging a wide range of stakeholders.

Why join us?

We’re transforming at pace. Investing billions in our people, data and tech to change the way we meet the needs of our 28 million customers. We’re growing, and we’d love you to be part of the journey.

Key Accountabilities

As Pension Manager, you'll be working closely with the Board of Trustees, the Scheme Secretariat, Scheme Strategist Committee and other experienced colleagues, all working together to ensure the smooth and efficient running of the Scottish Widows Master Trust.

Your responsibilities will include:

Ensuring successful and timely delivery of:

• Formal and informal Trustee Board and Scheme Strategist Committee meetings, including agenda setting and completion of accurate minutes
• Trustee Board and Scheme Strategist Committee meeting papers
• Chair's Statement, Value for Money assessment, Annual Report & Accounts, Tech 05/20, Implementation Statement and TCFD report
• Liaison with the Trustees' advisers
• Ensuring that Trustee and Scheme Strategist decisions are properly made, recorded and actioned
• Recording decisions made outside of formal meetings and supporting completion of meeting follow‑up activity
• Maintenance of Trustee and Scheme Strategist policies, registers and governance documents (including risk management framework, actions log, Statement of Investment Principles and Trustees' Service Agreement)
• Significant Event Reporting
• Reporting on relevant technical and legislative changes, as well as ensuring compliance
• Facilitation of training and supporting annual training needs assessments
• Preparation of budgets and monitoring of costs
• Maintenance of the Business Plan, Continuity Strategy and Communication Plan
• Supporting Master Trust related technical queries; and leading and/or participating in ad‑hoc projects and activities.

We're looking for:

• Knowledge and experience of pensions, Master Trusts and the workplace market
• 10 years’ experience of working with Trustee Boards
• A strong influencer and negotiator, able to build credibility quickly, manage differing customer views and reach well‑reasoned outcomes.
• Highly effective interpersonal and communication skills, with a proven ability to explain complex or technical issues clearly, tailoring messages for different audiences.
• Proactive and delivery‑focused, demonstrating personal accountability, pace and follow‑through, with the confidence to take ownership of outcomes and drive work forward.
• A confident decision‑maker, who can lead projects end‑to‑end, prioritise effectively, deliver to deadlines in a fast‑paced environment, and see opportunities to improve processes and implement more efficient ways of working.

Highly Desirable Capabilities

• APMI or equivalent.
• Experience of working with an IGC.

Our ambition is to be the leading UK business for diversity, equity and inclusion supporting our customers, colleagues and communities, and we’re committed to creating an environment in which everyone can thrive, learn and develop.

Ready to make an impact? Apply today.

At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop.

We keep your data safe. So, we'll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us, which is when we run our background checks. We'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person.

We're focused on creating a values‑led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.