Career profile · SOC ESC-434FD557

pension scheme manager

Pension scheme managers coordinate pension schemes in order to provide retirement benefits to individuals or organisations. They ensure the daily deployment of the pension fund and define the strategic policy for developing new pension packages.

pension scheme manager pension scheme managers coordinate pension schemes in order to provide retirement benefits to individuals or organisations. They ensure the daily deployment of the pension fund and define the strategic policy for developing new pension packages. The role shows moderate AI exposure (0.50 on a 0-1 scale) — some tasks are being automated but the role adapts. The most in-demand skills for the role include labour legislation, government social security programmes, types of pensions, employment law, social security law.

AI exposure
5.0/10
automation risk

Pay in the UK

UK: median £76,447 a year for Financial managers and directors (ONS ASHE 2025, full-time)

Middle half of full-time jobs: £50,000 to £120,417 a year

UK jobs are grouped differently; this is the closest UK occupation group (ONS SOC 2020 1131). ONS rates this estimate precise. 2025 provisional figures; ONS revises them a year later. Source: ONS Annual Survey of Hours and Earnings (Open Government Licence)

Pay in India (occupation group)

Average monthly earnings of salaried employees in the occupation group “Managers” in India, from the Government of India's Periodic Labour Force Survey (January–December 2025). It covers everyone in this group, not only pension scheme manager, and it is not US pay converted to rupees.

Urban India
₹55,360 a month
Rural India
₹31,701 a month
All India
₹50,408 a month

Source: MoSPI (Government of India), Periodic Labour Force Survey Annual Report 2025, Table 51 — average wage/salary earnings of regular wage/salaried employees, NCO-2015 division 1. Official India data gives one average per occupation group: there are no official India figures for single careers, experience levels or cities. Read the report

Top skills

labour legislation government social security programmes types of pensions employment law social security law human resources department processes apply company policies promote gender equality in business contexts manage budgets organise staff assessment

Knowledge you'll build

  • Customer and Personal Service
  • Administration and Management
  • Economics and Accounting
  • Mathematics
  • Administrative
  • Law and Government
  • Personnel and Human Resources
  • Sales and Marketing

What you'd actually do

  • Establish and maintain relationships with individual or business customers or provide assistance with problems these customers may encounter.
  • Oversee the flow of cash or financial instruments.
  • Plan, direct, or coordinate the activities of workers in branches, offices, or departments of establishments, such as branch banks, brokerage firms, risk and insurance departments, or credit departments.
  • Recruit staff members.
  • Evaluate data pertaining to costs to plan budgets.
  • Oversee training programs.

Tools & technology you'd use

Microsoft Excel hot Microsoft Office software hot Microsoft Outlook hot Microsoft PowerPoint hot SAP software hot Adobe Acrobat hot Alteryx software hot IBM SPSS Statistics hot Intuit QuickBooks hot Marketo Marketing Automation hot Microsoft Access hot Microsoft Dynamics hot

Frequently asked questions

What does pension scheme manager do?

Pension scheme managers coordinate pension schemes in order to provide retirement benefits to individuals or organisations. They ensure the daily deployment of the pension fund and define the strategic policy for developing new pension packages.

What skills does pension scheme manager need?

The most in-demand skills for this role include labour legislation, government social security programmes, types of pensions, employment law, social security law, human resources department processes. These are the skills O*NET identifies as most important for competent performance.

Will AI replace pension scheme manager?

Our AI-durability model gives pension scheme manager a score of 0.50 on a 0-1 scale (higher = more exposure). That places it at moderate AI exposure — some tasks are being automated but the role adapts. Learning to work with AI tools rather than against them is the path forward.

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