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Pensions are like little pots of money which are paid into, on a regular basis, by companies and individuals to provide funds and benefits in retirement. Pension scheme managers are responsible for ensuring pension schemes operate effectively and sustainably, managing pension funds and coordinating the different schemes.
Pension scheme managers coordinate the pension schemes run by employers, benefits consultancies, pensions providers or insurance companies, and can be employed by any of these types of business.
Their role covers a lot of responsibilities that can be divided up into the following areas:
Essentially, your role will be all about making sure the pension schemes under your control provide customers with a quality service and are administered correctly. There is a lot of financial analysis involved as well as a lot of strategic planning.
Most roles also incorporate consultancy, with the pension scheme manager acting as the communication point between the different. Some pension scheme managers may also be involved in developing new pension schemes.