Finance & accounting

Pensions adviser

Pensions advisers help people to plan for financial security in retirement.

Annual Salary

£22,000 to £80,000

Average UK salary in 2018 was £29,588 (source Office for Statistics)

Working hours

30 to 40

5%
Future employment

There will be 5% more Pensions adviser jobs in 2023.
In your local area

What's it all about?

You might work as an adviser or consultant for a pension consultancy firm, setting up and running pensions and benefits schemes on behalf of companies.

Your day-to-day duties may include:

  • managing client relationships, or finding new business
  • calculating the value of pension funds
  • issuing regular statements to pension scheme members
  • answering enquiries from scheme members

You could also work as a personal pensions adviser, selling pensions and savings plans to individual customers.

Employers will usually expect you to have some experience in finance or sales. GCSEs or A levels in English and maths would also be helpful.

You could get into this job through an apprenticeship.

You could also start as a pensions administrator or financial customer service adviser. You could then take qualifications offered by the Pensions Management Institute (PMI), or the Chartered Insurance Institute (CII).

If you have a degree you may be able to join a company's graduate trainee scheme.

£22,000 to £80,000

Starter salary: £22,000

Experienced salary: £30,000 to £45,000

Your salary package may also include insurance, pension benefits and bonuses based on company performance.

These figures are a guide.

30 to 40

You'll usually work standard office hours Monday to Friday, and some Saturday mornings. Shift work is common in telephone contact centres.

As an independent adviser, you may work from home or an office.

You'll often travel to meet clients in the evenings and at weekends, so you may need a driving licence.

With experience, you could specialise in a particular type of pension, become a pensions manager, or move into other types of financial advice.

You could also become a self-employed pensions consultant.

Skills required and how your skills match up

What skills are required?

You'll need:

  • excellent communication and listening skills
  • sales and negotiation skills
  • IT skills
  • accuracy and attention to detail
  • the ability to analyse and research information
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