Pensions administrator | Average UK Salary & Outlook

Pensions administrators handle the day-to-day running of pension schemes and life insurance policies.

Typical task
Working hours
Attractive values

Interview clients to determine their current income, expenses, insurance coverage, tax status, financial objectives, risk tolerance, or other information needed to develop a financial plan.
Answer clients' questions about the purposes and details of financial plans and strategies.
Recommend to clients strategies in cash management, insurance

Interview clients to determine their current income, expenses, insurance coverage, tax status, financial objectives, risk tolerance, or other information needed to develop a financial plan.
Answer clients' questions about the purposes and details of financial plans and strategies.
Recommend to clients strategies in cash management, insurance coverage, investment planning, or other areas to help them achieve their financial goals.
Analyze financial information obtained from clients to determine strategies for meeting clients' financial objectives.
Implement financial planning recommendations or refer clients to someone who can assist them with plan implementation.
Review clients' accounts and plans regularly to determine whether life changes, economic changes, environmental concerns, or financial performance indicate a need for plan reassessment.
Manage client portfolios, keeping client plans up-to-date.
Contact clients periodically to determine any changes in their financial status.
Prepare or interpret for clients information such as investment performance reports, financial document summaries, or income projections.
Recruit and maintain client bases.
Explain to clients the personal financial advisor's responsibilities and the types of services to be provided.
Investigate available investment opportunities to determine compatibility with client financial plans.
Guide clients in the gathering of information, such as bank account records, income tax returns, life and disability insurance records, pension plans, or wills.
Monitor financial market trends to ensure that client plans are responsive.
Recommend financial products, such as stocks, bonds, mutual funds, or insurance.
Meet with clients' other advisors, such as attorneys, accountants, trust officers, or investment bankers, to fully understand clients' financial goals and circumstances.
Devise debt liquidation plans that include payoff priorities and timelines.
Open accounts for clients and disburse funds from accounts to creditors as agent for clients.

Average salary
24,056 GBP *
per year

Average salary for Pensions administrator

24,763 GBP
23,414 GBP

Average salary for part-time Pensions administrator

Average salary for full-time Pensions administrator

Showing:

14,732 GBP
13,922 GBP

24,056 GBP
23,414 GBP
24,763 GBP

Salary over time for Pensions administrator

Salary for this role has increased over time

22,586 GBP
23,269 GBP
22,627 GBP
22,562 GBP
23,574 GBP
26,033 GBP
24,056 GBP
23,909 GBP
28,259 GBP

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Future outlook for Pensions administrators

Balanced outlook

37 000+ jobs available

Balanced outlook

3% yearly wage growth (on average)

Balanced outlook

58% chance of automation in the future

Which qualifications do I need?

Find out what you need to know in order to become a Pensions administrator and the highest average level of education for people in this role.

In terms of people already doing this job:

52% of people in this role have a Bachelor's degree
35% of people in this role have a Post-baccalaureate certificate
4% of people in this role have a Less than high school diploma

You could do a college course, which would teach you some of the skills and knowledge you need in this job. Relevant subjects include a Level 2 or 3 Diploma in Business and Administration.

You'll need:

customer service skills
the ability to sell products and services
to be thorough and pay attention to detail
the ability to use your initiative
the ability to accept criticism and work well under pressure
persistence and determination
patience and the ability to remain calm in stressful situations
excellent verbal communication skills
to be able to use a computer and the main software packages competently

Get the right qualification to begin your journey to becoming a Pensions administrator

Banking

Integrity Job requires being honest and ethical. Dependability Job requires being reliable, responsible, and dependable, and fulfilling obligations. Attention to Detail Job requires being careful about detail and thorough in completing work tasks. Concern for Others Job requires being sensitive to others' needs and feelings and being understanding and helpful on the job. Persistence Job requires persistence in the face of obstacles.

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Pensions administrator | Average UK Salary & Outlook

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Future outlook for Pensions administrators

Pensions administrator - Your future job?

Which qualifications do I need?

Things to highlight for your Pensions administrator interview

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