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Pensions Specialist

Hays Specialist Recruitment Limited
Posted 16 hours ago, valid for a month
Location

London, Greater London EC1R 0WX

Contract type

Full Time

Retirement Plan

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.

Sonic Summary

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  • Hays is seeking a Pensions Specialist for an established London Borough, requiring 3-5 years of experience in LGPS or DB administration.
  • The role involves managing risks related to the setup of a new fund employer and coordinating pension aspects of TUPE.
  • Key responsibilities include ensuring timely signing of admission agreements and bond documents, maintaining a register of current bonds, and completing statutory returns.
  • Candidates should have a strong understanding of admission agreements, bond arrangements, and the different LGPS schemes affecting member benefits.
  • The salary for this position is competitive, reflecting the experience and expertise required.

Hays are happy to be working with an established London Borough in their journey to secure a Pensions Specialist. Please find the details of the position available below:Role Purpose:* To identify, analyse and manage risks associating with the setting up of a new fund employer.* To co-ordinate and manage all pension aspects of TUPE, including liaising with the pension provider for seamless onboarding of members and the resolution of complex queries as appropriate. * * To ensure that admission agreements and bond documents are promptly signed under by seal by all parties to prevent and minimise financial risk to the LBHF pension fund.* To maintain a register of all current bonds and ensure that admitted bodies are contacted in good time to ensure the continuance of cover.* To ensure that all admission agreements and bond documents are stored and kept up to date versions for future reference. * Deputise in some decision-making for the Head of Pensions in their absence* Any other duties which may be delegated by the Head of Pensions * To complete pensions-related statutory returns and surveys as required.* Ensure your actions and decisions align with the Council's declaration of a climate and ecological emergency. About You:* Essential: Minimum of 3- 5 years' experience of LGPS administration or DB administration.* A strong understanding and knowledge of admission agreements and bond arrangements.* Working knowledge of the obligations of employers and the Administering Authority in the management of the Local Government Pension Scheme.* An understanding of the different LGPS schemes (pre-2008, 2008 and 2014) and how they affect the calculation of scheme member benefits.* The ability to provide training and advice to scheme employers or their agents in connection with their administration of the LGPS.* An understanding of the calculation methods for pensionable CARE pay, whole-time equivalent pensionable pay, and pensionable pay for the purposes of the HMRC Annual Allowance calculation.* An understanding of LGPS Discretionary Regulations for employers and the discretionary regulations as they pertain to LBHF.* The ability to participate in the monitoring, checking, reconciliation and archiving of incoming monthly schedules and remittances from scheme employers, and other monthly electronic submissions containing scheme member data.If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now.If this job isn't quite right for you, but you are looking for a new position, please contact us for a confidential discussion about your career.

Hays Specialist Recruitment Limited acts as an employment agency for permanent recruitment and employment business for the supply of temporary workers. By applying for this job you accept the T&C's, Privacy Policy and Disclaimers which can be found at hays.co.uk

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In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.