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Pensions Senior Policy Advisor (SEO) – Superfunds

Job details
Posting date: 24 February 2025
Salary: £42,614 to £49,906 per year
Additional salary information: Leeds & Sheffield: £42,614 - £45,081 London: £48,468 - £49,906
Hours: Full time
Closing date: 10 March 2025
Location: S3 7UF
Company: Government Recruitment Service
Job type: Permanent
Job reference: 392815/2

Summary

The forthcoming Pension Schemes Bill will include an important measure to consolidate the Defined Benefit (DB) market through commercial Superfunds. This will offer greater protection for members in closed legacy Defined Benefit schemes from the risk of losing part of their pension if their employer becomes insolvent.

The DB Policy Team is developing the legislative framework for Superfunds and their authorisation and supervision regime, working alongside the Pensions Regulator, HM Treasury, the Government Actuary’s Department, and Pensions Industry Stakeholders. This work is critical to DWP’s mission to enable good retirement outcomes and form a key part of Government’s economic growth agenda.

We are looking for a policy advisor with a technical understanding of private occupational DB pension schemes and DB superfund consolidators to support the development of the legislative framework for the Pension Schemes Bill and provide policy input through the introduction and passage of the Bill, and subsequent secondary legislation.

You should be a motivated and proactive individual who can work at pace, and has exceptional interpersonal skills, as well as experience and understanding of the defined benefit landscape, investment and risk management strategies, and the DB risk transfer market.

You will own key relationships in OGDs and the private financial sector which are crucial to the delivery of Superfunds.

Responsibilities will include: drafting policy instructions, working with parliamentary counsel and GLD lawyers on legal instructions and draft clauses. Working with the DWP Bill Team and other policy teams working on different measures.

This work will continue once the Bill is laid in the development of secondary legislation and ongoing Parliamentary Handling. You will be expected to be able to communicate complex technical pensions policy effectively, providing briefing for Ministers, to support the Bill’s passage and for external communications.

The ability to analyse and interpret data would be advantageous in this role.

Proud member of the Disability Confident employer scheme

Disability Confident
A Disability Confident employer will generally offer an interview to any applicant that declares they have a disability and meets the minimum criteria for the job as defined by the employer. It is important to note that in certain recruitment situations such as high-volume, seasonal and high-peak times, the employer may wish to limit the overall numbers of interviews offered to both disabled people and non-disabled people. For more details please go to Disability Confident.