- Extensive experience of managing all aspects of both DB and DC pension funds including acting as Secretary to the Trustee.
- Ability to communicate effectively at all levels within a complex corporate environment.
- Significant project management experience.
- Thorough understanding of personal taxation as it relates to pensions and specifically high earners.
- Professional qualification to APMI or equivalent with membership of PMI. ACCOUNTABILITIES
- Manages all aspects of governance, support and delivery for the Trustee Board through the role of Secretary to the Trustee, including preparing, running and minuting Trustee Meetings.
- Leads representation in all key relationships with professional advisors to both the Trustee and the Company. Seeks and evaluates expert technical advice to deliver structured and targeted support to decision makers. Monitors administration performance against service level agreements and ensures all member issues are resolved in a timely fashion.
- Leads in the production of all member communications for the Abbott Laboratories Pension Fund seeking appropriate input from third party experts, internal stakeholders and the Trustee Board. Ensures consistent high quality of communication content and presentation through a rigorous review process, including oversight of the scheme website and its frequent updates. Leads the relationship with the provider of the Abbott Retirement Saver to optimise member communications within the constraints of operating within a Master Trust, including the content of the scheme website and of the members' guides for the employees of the various employers.
- Ensures compliance with applicable legislation, regulation and Regulator guidance maintaining an up to date knowledge in these areas including the delivery and coordination of all necessary training for the Trustee Board. Responsible for ensuring adequate internal financial controls and administrative procedures are maintained throughout the pensions function. Responsible for ensuring that the Trustee's Annual Report and Accounts is prepared, audited and signed off within the statutory deadline.
- Leads the Trustee Board in operating Integrated Risk Management, including ensuring that there is an adequate covenant review driving the Trustee Board's approach to funding and investment matters. Leads the regular review of the Trustee Risk Register and proactively addresses issues identified.
- Partners with HR and Payroll in benefit design and administration issues to ensure all appropriate administration and tax considerations have been captured. Leads the review of the Company's pension provision and of features of the two pension schemes. Evaluates the impact of changes in taxation and provides recommendations to address strategic challenges.
- Leads and directs all activities of the pensions office staff ensuring adequate resourcing, training and development of key personnel. Manages the activities of the third party administrator of the Abbott Laboratories Pension Fund and of the provider of the Abbott Retirement Saver Drives achievement of optimal levels of operational and administrative support for members of both schemes.
- Coordinates and evaluates detailed technical analysis in support of funding issues arising from triennial actuarial valuations. This support is provided to both the Finance Director and the Trustee and it is critical that the jobholder must be able to remain independent and manage any tension between responsibilities to the Company and to the Trustee.
- Budgetary responsibility for management of Trustee expenditure exceeding £2 million annually. Negotiates with key providers to ensure value for money and conducts supplier evaluations and tender exercises as required.
- Oversees the application of the Trustee Internal Dispute Resolution procedure for the Abbott Laboratories Pension Fund to ensure any member complaints are dealt with quickly and appropriately. Raises any member issues with the Provider of the Abbott Retirement Saver and ensures that they are resolved effectively.
- Oversees automatic enrolment and automatic re-enrolment to ensure that all Abbott employers in the UK comply with their duties and that compliance is registered with The Pensions Regulator.
- Manages the annual renewal processes following every annual pay review, including calculation and supply of the necessary earnings data for Mercer. Manages the checking and where necessary corrections of the benefit statement data generated by Mercer.
- Liaises as required with EY, providing them with information and documentation which they use in connection with the annual Corporate audit.
- Proactively identifies pension related issues creating opportunities or requiring decisions from the Company and the Trustee, making recommendations and where appropriate ensuring that appropriate professional advice is given.
- Maintains a quarterly breakdown of actual spending v budget for the Trustee.
- Completes the quarterly survey required by the Office for National Statistics.
- Carries out other tasks and duties as and when required. DECISION MAKING AUTHORITY
- Direction of UK Pension operations.
- Leads multiple relationships with professional advisors.
- Leads the management of Trustee Board activities and delivers Trustee objectives.
- Approves, within specified parameters, payments to consultants in remuneration for work authorised by the Trustee Board and work authorised by the Company.
- Expert stakeholder in employee benefit and taxation decisions. WHAT WE OFFER As you'd expect from a global healthcare company, we offer a fantastic range of benefits including competitive salaries, a superb defined contribution pension scheme, private healthcare, life assurance and a flexible benefits scheme.
-
Pensions Manager
1 week ago
BranWell Ford Associates Limited Maidenhead, United Kingdom Full timeWe're on the lookout for an experienced leader to take the helm as a Pensions Manager. You will join this dynamic in house team at a company who are significant players within the health and wellbeing industry. · Acting as a technical expert in support of both the Trustee Board ...
-
Pensions Manager
1 week ago
Page Personnel HR London, United KingdomPensions Manager for a prestigious higher education organisation · **Client Details** · Leading education organisation in Central London · **Description** · - Oversee day-to-day pension management and the administration of funds · - Develop pensions policies and pension and benef ...
-
Pensions Manager
1 week ago
Resourcing4HR Hertfordshire, United Kingdom**Key Responsibilities**: · - Ensure accurate and engaging communications for open DC schemes to employees and managers · - Point of contact for Master Trusts and member of DC pensions governance team · - Processing of monthly DC contributions · - Ensure auto-enrolment obligation ...
-
Pensions Manager
1 week ago
James Gray Associates Weybridge, United Kingdom* Competitive salary · - Hybrid working · - Pensions qualification necessary · Position: Pensions Manager · Location: Weybridge · **Salary**: Up to £70,000 · Contract: Permanent · Would you like to join a global, established and growing company? Within a fantastic team as a Pensi ...
-
Pensions Manager
1 week ago
James Gray Associates Weybridge, United KingdomA new position to join a UK&I organisation, as their Pensions Manager. Join a fantastic team, with offices based across the UK, this is an exciting opportunity to join a established and growing business · **Responsibilities**: · - Oversee outsourced pension administration provide ...
-
Pensions Manager
1 week ago
Page Personnel HR London, United KingdomNew and exiting opportunity for a strong Pensions manager to work in a reputable education establishment. With hybrid working. · **Client Details** · A reputable Higher Education Establishment, based in central London · **Description** · **The key responsibilities**: · - Manageme ...
-
Pensions Manager
1 week ago
Think Accountancy and Finance Watford, United KingdomThink Accountancy and Finance are working with a multinational business based in Leavesden who have recently moved into brand new offices in the recruitment of a Pensions Manager. It is important to state that this role does not include any man managementand is more of a technica ...
-
Pensions Manager
6 days ago
UK Atomic Energy Authority Abingdon, United Kingdom Full timePensions Manager · Abingdon Rd, Culham, UK · Full-time · Salary: £46,293 + excellent benefits including outstanding pension · Division: Finance, Systems & Pensions · Site Location: UKAEA Culham, Oxfordshire · Confirmed Grade: Level 5 · Department: Finance & Pensions · Company Des ...
-
Pension & Governance Manager
2 days ago
Atlas Recruitment Group Farnborough, United Kingdom**Pension & Governance Manager** · **Hybrid working - Farnborough** · **Salary: competitive** · **24 month FTC** · Atlas Recruitment Group are recruiting for an experienced Pension & Governance Manager on behalf of our prestigious defence client. You will be creating, maintaining ...
-
Pensions Management Consulting
5 hours ago
Lane Clark & Peacock London, United Kingdom**The Pensions Management Consulting (PMC) practice is a growing and successful department, based in London. We provide a wide range of consultancy services to pension schemes of all shapes and sizes and advise both trustee and corporate clients. We are committed to delivering se ...
-
Payroll and Pensions Manager
2 days ago
Page Personnel HR London, United KingdomNew and exiting opportunity for a Payroll and Pensions Manager. To be part of a established education Establishment, based in London. · **Client Details** · A reputable Education group based in London · **Description** · The Key Responsibilities of the role: · - Lead the Payroll ...
-
Pensions Administration Manager
2 days ago
VNA Recruitment Tower Hamlets, United Kingdom**Pension Administration Manager - Tower Hamlets - £304.28 Per Day - 5 Month Temporary Contract - Hybrid** · VNA have partnered with a London Based organisation who are currently recruiting a Pensions Administration Manager to join them on a full time, temporary basis. You will b ...
-
Pensions Project Manager
1 week ago
Reed Accountancy Wimbledon, United Kingdom**Pensions Project Manager - 4-month contract** · **£45K to £55K** · **SW19** · - **Hybrid working optional but must be able to attend onsite weekly meetings**_ · - **Monday to Friday 8.30 to 5pm - flexible on working hours**_ · - **Great opportunity to cover a 4-month contract f ...
-
Pensions Administration Manager
1 day ago
Eden Brown Synergy London, United KingdomPension Administration Manager · I am working with a Public Sector based in Tower Hamlets who are looking for an experienced Pensions Administration Manager for 6 Months Initially. · The role is full time, to start ASAP and paying £400 Umbrella per day. The role is in scope of IR ...
-
Pensions Consultant Manager
2 days ago
Alexander Lloyd London, United KingdomAlexander Lloyd are partnered with a growing Pensions Consultancy who are looking to add a Pensions Consultant Manager to their successful Projects Team · As a Pensions Consultant Manager you will be responsible for assessing and working with clients to improve the operational de ...
-
Pensions Finance Manager
2 days ago
Alexander Lloyd London, United KingdomIMMEDIATELY AVAILABLE PENSIONS FINANCE MANAGER NEEDED FOR 1 YEAR FIXED TERM CONTRACT - LONDON · SALARY CIRCA £70,000 · To support the team during a period of various transformation projects. Your responsibilities will include; · - Managing the day to day finances of the departmen ...
-
Pension Project Manager
1 day ago
Alexander Lloyd Surrey, United KingdomAre you an experienced Pension professional with experience of running or managing projects? Then this could be the role for you ...
-
Pension Team Manager
5 hours ago
Alexander Lloyd Surrey, United KingdomAre you currently working as a Team Manager with good people management and training experience within the Pensions/ Financial Services or Employee Benefits sector then this could be the role for you · As the Team Manager you will be responsible for overseeing a team of administr ...
-
Pension Administration Manager
2 days ago
Remedy Recruitment Group London, United KingdomRemedy Recruitment Group are currently seeking an experienced Pension Administration Manager to work within Tower Hamlets Council. · **Job Purpose** · This post heads the benefit administration of the pension fund. You will have 3 team leaders who are direct reports. Key responsi ...
-
Pensions Manager Hybrid
2 days ago
Essential Employment London, United Kingdom**Pensions Manager needed in Tower Hamlets, £304.28 per dayPAYE - Reference:RQ808913** · This post heads the benefit administration of the pension fund. · You will have 3 team leaders who are direct reports. · Key responsibilities are ensuring that starters, retirements, deferred ...
Manager Pensions UK - Maidenhead, United Kingdom - Abbott
Description
The Opportunity
This position works out of our Maidenhead location in the Corporate Financial Services division.
MAIN PURPOSE OF JOBLeads the in-house Pensions Team providing support and information to Company Management, the Trustee Directors and all active members of both pension schemes across multiple sites and business divisions. This involves ensuring that adequate support is in place to support members transitioning as a result of corporate acquisitions or divestments within a complex corporate group and to members seeking to understand their options as they approach retirement. Actively supports the UK entity and the Trustee in the relationship with the US parent company in relation to Treasury and HR functions.The role acts as Secretary to the Trustee of the Abbott Laboratories Pension Fund (1966), supporting the Chairman of the Trustee in taking decisive action to deliver the objectives of the Board. This encompasses the ownership of multiple relationships with key professional advisors and management of a budget in excess of £2 million.Acts as a technical expert in support of both the Trustee Board and the Company. This includes leading the continuous assessment of the requirements of pension schemes due to the evolving regulatory environment and the implications of pensions tax regulations on individuals in a changing environment.This position leads, manages and directs all elements of pension administration and communication for the Abbott Laboratories Pension Fund (1966), dealing with around 4,000 members. The position also provides similar support for a closed DB scheme and an open DC scheme in Ireland.This role leads, manages and directs all elements of pension administration and communication for Abbott Retirement Saver including automatic enrolment of all new hires, dealing with over 1,700 employees who are members. KNOWLEDGE AND EXPERIENCE