Salary guide
Pension Actuary
- Average salary
- £40,000 – £90,000
- Working hours
- 37.5 hours/week
FinanceInsurance
- The UK has over 5,000 pension schemes
Other names this job is known by
- Retirement Actuary
- Pension Scheme Analyst
Key responsibilities
- Analyse and value pension schemes
- Advise on funding and risk management
- Prepare actuarial reports and calculations
- Liaise with trustees, employers, and regulators
- Monitor regulatory changes
- Support scheme design and mergers
- Stay updated on pension law
- Train junior staff
Skills and qualifications required
- Degree in maths, actuarial science, or finance
- Pass actuarial exams
- Experience in pensions or insurance
- Analytical and IT skills
Promotional job opportunities from this role
- Senior Actuary
- Head of Pensions
- Partner
- Consultant
How to get the job
- Study maths, actuarial science, or finance
- Pass actuarial exams
- Gain experience in pensions or insurance
- Progress to senior or specialist roles
Learn to grow in this role
Practical Job Near Me guides chosen for people in this kind of job.
- Industry Guides2 min read
Insurance Careers Beyond the Call Centre
UK insurance offers claims, underwriting, broking, and operations careers—not only phone-based sales—with clear progression for detail-focused people.
- Industry Guides2 min read
Starting a Career in Finance and Banking
Finance and banking in the UK offer structured progression from operations and customer roles to analyst and advisory paths—if you understand how the sector actually hires.
- Industry Guides3 min read
Fintech Careers for Non-Traditional Backgrounds
Fintech hires from retail, hospitality, and support backgrounds when you can show curiosity, customer empathy, and basic digital literacy.
- Industry Guides2 min read
Accounting and Bookkeeping Career Paths in the UK
Accounting and bookkeeping offer clear qualification ladders—from AAT entry routes to ACCA and chartered paths—for people who like order, numbers, and deadlines.