The Policy Officer for Pensions Strategy supports the Head of Pensions Strategy and the Pensions Director in the development of policies (strategic rather than technical) for the Board’s pension schemes. Your responsibilities will involve monitoring legislative developments related to pensions, conducting research, and liaising with a wide range of stakeholders (including advisors, industry bodies, and the Pensions Regulator) to help formulate pension strategies and policies for consideration by the Board’s Pension Committee. Developing and implementing policies to deliver the Board’s strategic aims relating to its proposed new (collective money purchase) and existing pension schemes (defined benefit, cash balance, and defined contribution).
About the role
- Working as part of a team to deliver valuations and funding strategies for existing schemes, and end-game strategies where required – group transfers, individual transfer exercises, buy-ins, wind-ups etc.
- Conduct research in response to announcements, changes, or trends affecting the Board’s ability to deliver its strategic aims regarding its pension schemes. Use this to identify potential areas for policy improvement or development.
- Monitor legislative developments related to pensions and retirement. Research impact and, working with advisors, identify areas where new policy, or policy change, is required.
- Formulate evidence-based policy recommendations aimed at delivering the Board’s strategic aims. Present findings and proposals to senior management and other relevant stakeholders.
- Collaborate with stakeholders, including employer groups, industry bodies, and the Pensions Regulator to gather insights, address concerns and build consensus around policy matters.
- Attend conferences and industry forums to increase awareness and understanding of policy trends in pensions, including in other large pension schemes and government and regulatory bodies. Coordinate the Board’s response to public consultations. Assist with policy enquiries from employers, Synod, or the media.
- Able to build relationships, trust, and credibility with a wide range of diverse stakeholders
- Excellent written and verbal communication skills including the ability to clearly and credibly communicate with both pension experts and audiences with low levels of pensions knowledge
- Able to comfortably and confidently present to senior management, the Executive and Board members
- Able to work collaboratively with pension experts e.g. actuaries, lawyers and covenant advisors
- Able to conduct independent research and formulate policy ideas
- Previous roles to have included some pensions policy, governance or trustee secretariat experience
Personable and able to quickly establish productive working relationships with colleagues, professional advisors, and the Pensions Regulator
Relevant pension qualifications (ideally APMI - DipPMI, QPA, or equivalent also considered)
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