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Pensions adviser Pensions consultant

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

Salary, a pound sign Salary: £22,000 to £80,000 average per year
Hours, a clock face Hours: 30 to 40 per week

1. Entry requirements

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.

2. Skills 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

3. What you'll do

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.

4. Salary

Starter: £22,000

Experienced: £30,000 to £45,000

Highly Experienced: up to £80,000

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

These figures are a guide.

5. Working hours, patterns and environment

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.

6. Career path and progression

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.

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Last updated: 13 September 2018