Senior Pensions Administrator

OpCo Lloyds Wealth Management Limited; South Yorkshire; Hybrid; GBP 41,000 - 45,000; Full time

Benefits offered by this job

Generous holiday allowance

Private medical insurance

Company pension contribution up to 15%

Flexible/hybrid working

Job summary

Lloyds Wealth in Leeds is seeking a Senior Pension Administrator to support the setup of a new pension administrations team and ensure governance and controls deliver good client outcomes.

You will administer SIPPs under HMRC and FCA rules, apply pension expertise to improve processes, and mentor colleagues while staying up-to-date with regulatory changes. Flexible/hybrid working options are available.

Qualifications

• 3–5 years of dedicated SIPP administration experience (accumulation and decumulation).
• Strong HMRC pension tax regime knowledge (allowances, tax relief rules).
• Ability to interpret complex legal/trust documentation with accuracy.

Responsibilities

• Set up and develop a pension administration team within Lloyds Wealth.
• Administer SIPPs in line with HMRC and FCA regulations.
• Identify process improvements and support solution implementation.
• Compute complex retirement benefit claims (PCLS, drawdown, UFPLS).
• First-line technical escalation and coaching for the team.
• Stay up-to-date with regulatory changes and industry trends.
• Deliver training on updates, system procedures, and best practices.

Skills

Pension administration

Regulatory knowledge

Communication

Organization

Leadership & mentoring

Education

CII FA2 (Pensions Administration)

R04 (Pensions & Retirement Planning)

PMI Certificate/Diploma in Pensions Administrations

Certificate in Life & Pensions

Tools

Origo Options transfer systems

Job description

Closing Date 25/09/2026

Lloyds Wealth aims to improve the way financial advice is offered by making it more affordable, accessible and impactful for more people

The Senior Pension Administrator will be responsible for supporting the establishment of a new pension administrations team within the business.

The role holder will collaborate with key stakeholders across Lloyds Wealth and our suppliers, work alongside the Client Services team to devise processes and controls whilst providing invaluable pension knowledge and expertise.

They will support the delivery of a high-quality proposition that meets the evolving needs of our clients and business and assist the delivery of the strategic objectives of Lloyds Wealth, whilst observing a compliance and regulatory perspective.

Location | Leeds Type | Permanent Salary | £40,824 - £44,906

Key Responsibilities

• Support the set-up and development of a pension administration team within Lloyds Wealth, understand and apply the risk management framework to support the end-to-end development of processes, governance and controls, ensuring that we consistently deliver good client outcomes and protect the business.
• Administer the lifecycle of Self-Invested Personal Pensions (SIPPs) in accordance with HMRC guidelines and FCA regulations.
• Apply technical pension background and experience to identify gaps in processes, drive improvement opportunities and support the implementation of solutions.
• Decumulation & Benefits: Ability to calculate and process complex retirement benefit claims, including capped and flexi-access drawdown, Pension Commencement Lump Sums (PCLS), Uncrystallised Funds Pension Lump Sums (UFPLS), and sensitive death/divorce cases.
• Technical Escalation: Act as the first line of support for internal queries, resolving technical problems and complex customer cases whilst providing coaching to other team members to build their technical knowledge and expertise
• Industry Knowledge – Stay up-to-date with regulatory changes, market trends and best practice impacting UK wealth management and pension providers.
• Mentoring & Training: Design and deliver training sessions to upskill the wider administration team on technical updates, system procedures, and industry best practices.

Qualifications & Skills

This role will suit an enthusiastic individual with experience in Pension Administration, ideally within wealth management.

• Professional: Achievement of recognised pensions/financial services qualifications is highly desirable, such as: CII (Chartered Insurance Institute): FA2 (Pensions Administration), R04 (Pensions & Retirement Planning), or Certificate in Life & Pensions.
• PMI (Pensions Management Institute): Certificate/Diploma in Pensions Administrations
• Pensions Background: Minimum 3-5 years of dedicated SIPP administration experience (handling both accumulation and decumulation phases).
• Regulatory Expertise: Strong working knowledge of HMRC pension tax regimes (e.g. allowances, tax relief rules, lifetime/lump sum allowance transitional protections).
• Product Knowledge: Detailed understanding of drawdown mechanisms, transfer processes (including Origo Options transfer systems), and standard/non-standard SIPP asset rules.
• Attention to Detail: Absolute accuracy in data entry, benefit calculations, and the interpretation of complex legal/trust documentation.
• Communication: Exceptional verbal and written communication skills, with the ability to convey technical pension rules to non-technical clients.
• Organisation: Time-management skills with the ability to prioritise competing, time-sensitive tasks in a fast-paced financial services environment.
• Collaboration & Leadership: A supportive team player with a natural inclination for teaching, mentoring, and guiding colleagues.

This job vacancy may close earlier than the advertised date if a suitable candidate is found.

Benefits

• Generous Holiday Entitlement: 30 days of annual leave plus bank holidays, with the option to buy or sell 5 days.
• Health & Wellbeing: Company-paid Private Medical Insurance, Life Insurance, and Health Screening.
• Company Pension Contribution: A matched pension contribution of up to 15% of your base pay.
• Cash Allowance: Flexible allowance to spend on additional benefits personal to you, including: dental cover, paid sabbatical leave, gym membership, menopause support.
• Bonus Opportunity: Dependent on individual/company performance (eligible after 3 months' service)
• Financial Advice: Access to free financial advice to help secure your financial future.

We support flexible working: We know how important it is to be able to achieve a balance. We want to support your lifestyle as well as meeting our business needs, so will always aim to be flexible. As well as traditional working patterns, we have colleagues who work informal flexible hours, reduced working hours, and have job-sharing arrangements. Many colleagues work from home, or in a hybrid way.

You belong here: We embrace individuality and diversity of identity, experience, and thought. We actively strive for inclusive behaviours and actions, making appropriate adjustments for disabilities, health conditions and neurodiversities. We ensure equal opportunities for all and transparently report on gender pay to promote fairness.

We operate under the Senior Managers and Certification Regime as a solo-regulated firm and if this role is classed as a Certified Role under that regime you will be subject to enhanced vetting and will have a number of additional conduct and regulatory duties to adhere to, as well as certifying at least annually that you are fit and proper to perform this role.

Lloyds Wealth aims to improve the way financial advice is offered by making it more affordable, accessible and impactful for more people.