Salary Survey
To compile this information BWF has looked at current candidates and vacancies we are registering to work out the average for salary bandings. Companies need to consider attracting candidates to their roles and financials are a major factor of the candidate’s decision making process.
Benefits packages are becoming more sophisticated and transparent. Individuals should expect as a minimum an annual graded bonus, protection, 23 days holiday and study support as a minimum. We are seeking many firms implementing flexible benefits and we are seeking an increase in purchasing additional holiday, gym membership and family healthcare.
3rd Party Pensions Administration DB/DC/CARE/HYBRID/AE/GPP
Trainer Administrator |
|
£18k - £21k |
1 – 3 Yrs Administrator |
|
£21K - £25k |
3+ Yrs Administrator |
|
£25K - £30k |
Team Leader |
|
£30K - £40k |
Manager/Deliver or Operations |
|
£55k - £70k |
Quality/Audit & Risk Managers |
|
£60k - £80k |
GMP Reconciliation |
|
£25K - £30k |
Admin. Consultant/CRM |
|
£45K - £60k |
In-House Pension Team – pay dependent on scheme size/activity.
Trainer Administrator |
|
£18k - £21k |
1 – 3 Yrs Administrator |
|
£21K - £26k |
3+ Yrs Administrator |
|
£25K - £32k |
Assistant Manager |
|
£35k - £50k |
In-House Manager |
|
£55k - £80k |
In-House Director |
|
£80K - £150k |
Trustees
Secretary to Trustees |
|
£35k - £55k |
Independent Trustee |
|
£60K - £85k |
Independent Trustee Director |
|
£90K - £150k |
Pension Consultant (PMI/ACII – Trustee or Retail)
Associate Consultant |
|
£35k - £45k |
Consultant |
|
£45k - £60k |
Senior Consultant |
|
£65K - £75k |
Head or Division |
|
£85K - £140k |
Business Development
Incentivise your BDMs by paying comm/bonus quarterly & reward both team & individual performance.
Bid/Tender Analysts |
|
£50k - £65k |
|
Business Development Consultant |
|
£45K - £70k |
OTE £75 - £120 |
Senior BDM |
|
£25K - £30k |
OTE £120k £220k |
Pension Actuarial & Investment & Legal
PQ Actuary (1 – 3 Yrs) |
|
£28k - £36k |
NQ Actuary |
|
£48K - £60k |
Scheme Actuary (3+ Yrs) |
|
£70K - £110k |
Associate Pension Lawyer |
|
£45K - £55k |
Pensions Lawyer |
|
£60k - £90k |
Pension Communications
Assistant Consultants |
|
£28k - £45k |
Client Managers |
|
£40K - £65k |
Communication Managers |
|
£60K - £80k |
Group Risk & Healthcare
If someone has either or both disciplines the salary levels are similar
Administrator |
|
£20K - £25k |
5 + Years Administrator |
|
£25k - £35k |
Associate Cons |
|
£30k - £40k |
Consultant |
|
£40K - £55k |
Senior Consulting Manager |
|
£70K - £80k |
Flexible Benefits
Administrator |
|
£20k - £28k |
Associate Consultant |
|
£30K - £40k |
Consultant |
|
£40K - £55k |
Senior Consultant |
|
£70K - £80k |
Executive Benefits
SIPP/SSAS Admin (1 – 3 Yrs) |
|
£20k - £25k |
|
SIPP/SSAS Admin (5+ yrs) |
|
£26K - £32k |
|
Team Leader |
|
£28K - £35k |
|
Client Manager |
|
£45K - £55k |
|
BDM |
|
£35k - £50k |
OTE £80k - £130k |
|