- Pensions Implementation Consultant - Scheme Benefits
- Remote role
- 6 month contract
- Inside of IR35
- £520 per day Umbrella
Focus: Scheme Benefits Analysis, Scheme Structure, and Benefit Basis documentation for BPA (Bulk Purchase Annuities) projects.
Core Responsibilities
- Deep analysis of scheme documentation, including:
- Benefit Specification packages (Ben Specs)
- Addendums eg, GMP equalisation addendums
- Produce:
- Scheme Structure Document (sections, subsections, membership categories, tranche splits, data requirements)
- Benefit Basis Document (all calc methodologies for DB scheme processes)
- Identify gaps and raise queries via Benefit Basis Issues Log with trustees, clients, and administrators.
- Provide manual calculations to evidence understanding and validate benefit basis detail.
- Collaborate with the data team to define data requirements essential for system automation.
Essential Skills & Experience
- Strong pensions technical knowledge, particularly:
- DB schemes
- GMP/GMP Equalisation
- Tranche splits (pre/post-88 GMP, pre/post-97, Barber, etc.)
- Benefit payment ages (NRA, LRA, BPA, etc.)
- Revaluation and annual pension increase rules
- Regular hands-on experience reading and interpreting Ben Specs
- BPA (Bulk Purchase Annuities) -Desirable
If you are available and interested, please apply today!
Guidant, Carbon60, Lorien & SRG - The Impellam Group Portfolio are acting as an Employment Business in relation to this vacancy.
