Proposition Manager

Barnett Waddingham; Cheltenham; On-site; GBP 65,000 - 85,000; Full time

Benefits offered by this job

Discretionary annual bonus

Generous pension scheme (8%)

Private medical cover

Life assurance

Group income protection

30 days holiday with holiday trading

Job summary

Barnett Waddingham in the United Kingdom is recruiting a Proposition Manager for the SIPP team. The role can be based in Cheltenham, London or Glasgow with hybrid working.

You will support governance, product reviews and investment solutions within the SIPP space to drive value for clients. We are seeking candidates with strong knowledge of HMRC/FCA rules for SIPPs, SIPP/SSAS marketplace experience, and broad pensions market understanding.

Qualifications

• Thorough knowledge of HMRC and FCA rules as they apply to SIPPs.
• Knowledge of the SIPP and SSAS marketplace is essential.
• Knowledge of the wider pensions market is desirable.
• Experience in developing and managing pension products and delivering to market in line with the business plan.
• Self-starter, highly organised and able to work with colleagues at all levels.
• Confident presenter and strong interpersonal skills.

Responsibilities

• Support the Head of SIPP Propositions in delivering Consumer Duty accountabilities for products/services, price/value and consumer understanding.
• Ensure propositions are designed and governed to meet customer needs and identified target markets.
• Carry out Product Reviews and Fair Value Assessments to maintain fair customer value and remediation where needed.
• Develop and implement Investment Solutions aligned with proposition and customer journeys.
• Maintain Investment Governance and Oversight for all Investment Solutions.

Skills

HMRC/FCA rules for SIPPs

SIPP & SSAS marketplace

Pensions market knowledge

Pension product development

Interpersonal skills

Self-starter/organisation

Job description

We have an exciting opportunity for a Proposition Manager to join our SIPP team. The SIPP Business Area provides administration and trusteeship services to over 100,000 self-invested personal pension arrangements for members, both advised and non-advised, and have ambitious plan to grow our customer base. This role can be based in our Cheltenham, London or Glasgow offices working on a hybrid basis.

A snapshot of your day:

• Supporting the Head of SIPP Propositions in their delivery of Consumer Duty accountabilities, covering Consumer Duty outcomes for 'Products and Services', 'Price and Value' and 'Consumer Understanding'.

• Ensure existing and new propositions are designed and managed to meet the needs and objectives of customers within identified target markets, and that suitable proposition governance and processes and controls are maintained.

• Carry out Product Reviews and Fair Value Assessments to ensure our propositions continue to deliver fair customer value, taking proactive steps to remediate issues, mitigate risks, and drive continuous improvement.

• Develop and implement appropriate Investment Solutions to support BW and its key business partners, ensuring full integration with Proposition and Customer journeys.

• Ensure appropriate Investment Governance and Oversight model is implemented and maintained for all Investment Solutions.

• Maintaining an up-to-date awareness of changes to key competitor offerings and developments in the SIPP market, ensuring these are communicated to internal stakeholders.

• Proactively keep up to date with FCA, DWP and HMRC changes, assessing the impact of changes and ensuring there is clear internal and external communication on the impact, providing training as needed.

• Take ownership to resolve proposition and technical queries and support the Technical Committee with resolution of complex case referrals.

We would love to hear from you if you have:

• Thorough knowledge of HMRC and FCA rules as they apply to SIPPs.
• Knowledge of the SIPP and SSAS marketplace is essential.
• Knowledge of the wider pensions market is desirable.
• Experience in developing and managing pension products and delivering to market in line with the business plan.
• Self-starter, highly organised and able to work well with colleagues at all levels in the organisation.
• Confident presenter and strong interpersonal skills are essential.
• Strong interpersonal skills including the ability to influence upwards, support complex projects and plan for the longer term

What’s in it for you:

• Competitive discretionary annual bonus and salary review
• Generous pension scheme (we contribute 8%)
• Funded training and professional development
• Core benefits including private medical cover, life assurance, group income protection, and up to 30 days holiday per year with holiday trading
• A comprehensive range of voluntary benefits to suit you including an electric car leasing scheme, tech scheme, cycle to work scheme, dental cover, healthcare cash plan, health assessments, critical illness cover, Sports Allowance - we pay up to 50% of your gym/sports membership (up to 50 pm), travel insurance, paid volunteering, and a broad range of retailer discounts