Group Pensions Manager
London (hybrid)
6 Months Contract
£475.00 per day (Umbrella)
Within this role, you would be required to support The Head of Pensions in the oversight and control of the Group's pension schemes including 3 Major defined Benefit schemes and a large Group-wide define contribution master trust. Specific activities include:
- Oversee day-to-day pension management and review the administration of funds in conjunction with Trustees
- Develop pensions policies and pension and benefits packages
- Review, discuss and agree fund strategy and structure with the company board, investment managers and other advisers
- Ensure that schemes operate effectively and meet performance, quality and customer care targets, as well as complying with industry standards
- Calculate the performance and value of funds
- Keep up to date with current statutory regulations and monitor changes in the legal situation for pensions providers and developments in pension provision to ensure the optimum performance of the fund
- Deal with complex pension claims
- Develop communication strategies to promote the benefits of pension schemes
- Manage the relationship between the employer and trustees
- Meet with and encourage communication between actuaries, fund managers, solicitors and consultants
- Advise the company on new and emerging financial issues
- Monitor pension scheme deficits and prepare relevant reports
- Raise company-wide awareness of pensions-related matters
- Contribute to annual and other financial reports
Experience Required:
- Extensive experience working within pension management
- Experience developing pensions policies and redesigning pension and benefits packages
- Knowledge of legal and regulatory frameworks related to pension schemes
- Experience reviewing, discussing and agreeing on fund strategies and structure with relevant stakeholders
- Experience dealing with complex pension claims
- Experience advising on financial issues
- Experience monitoring pension scheme deficits and preparing relevant reports
