Master Trust & IGC Investment Lead

End Date

Salary Range

We support flexible working – click here for more information on flexible working options

Flexible Working Options

Job Description Summary

Job Description

JOB TITLE: Master Trust & IGC Investment Lead

SALARY: Competitive - will be discussed at interview stage

LOCATION: Edinburgh or London

HOURS: Full time

WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time at an office hub mentioned above.

About this Opportunity:

We have an exciting opportunity for an Investment Specialist to join our Insurance, Pensions and Investments (IP&I) business in a senior role.

IP&I supports over 10 million customers across investments, retirement and insurance. Through Scottish Widows, one of the UK’s most trusted providers, we focus on delivering strong customer outcomes, high‑quality investment solutions and engaging digital experiences.

In this role, you'll support the development and oversight of our investment propositions, with a focus on Master Trust and IGC arrangements. You'll provide governance, investment oversight and trustee engagement to ensure solutions remain appropriate and aligned to customer needs.

You'll support Trustees and governance forums in meeting their responsibilities and making informed investment decisions.

Working closely with teams including investment proposition, asset allocation, portfolio management, risk and governance, you'll help ensure solutions are designed and managed in line with regulatory expectations and deliver good member outcomes. You'll also contribute to the development of our investment propositions, including sustainability and responsible investment.

We're looking for someone with strong experience in DC investment oversight within trust‑based and/or contract‑based environments. You'll act as a key link between investment development and governance forums, including the Master Trust and IGC, and represent the function with internal and external partners.

What you’ll be doing:

• Act as the primary investment contact for Master Trust Trustees and IGC, building effective working relationships

• Work with investment proposition and specialist teams to ensure Master Trust and IGC requirements are reflected in investment design and change activity

• Prepare and present investment papers to Trustee Boards, IGC and Investment Committees

• Provide insight on investment performance, market developments, risks and governance considerations

• Oversee Master Trust investment arrangements, including default strategies and self select funds

• Deliver investment reporting across performance, suitability, value for money and emerging risks

• Provide challenge on investment proposals from a trustee and member perspective

• Support the ongoing development of the investment proposition in line with market and regulatory change

What we’re looking for?

• Experience in workplace DC pensions, including Master Trust or trust‑based investment governance

• Understanding of contract‑based pension arrangements

• Knowledge of default investment design, fund oversight and investment governance frameworks

• Experience presenting to Trustee Boards or Investment Committees on investment matters

• Knowledge of relevant TPR, DWP and FCA regulation

• Strong analytical skills with the ability to interpret investment data and assess risk

• Clear written and verbal communication skills in a governance or Trustee-facing environment

We know that great talent comes from many backgrounds. If your experience is different but relevant, we’d still love to hear from you.

This is a place for you:

Our ambition is to be the leading UK business for diversity, equity and inclusion, supporting our customers, colleagues and communities. We’re committed to creating an environment where everyone can thrive, learn and develop.

We were one of the first organisations to set goals on diversity in senior roles, introduce a menopause health package, and launch a dedicated Working with Cancer initiative.

We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. As a Disability Confident Leader, we guarantee interviews for a fair and proportionate number of applicants who meet the minimum criteria through the Disability Confident Scheme.

We provide adjustments throughout the recruitment process to reduce or remove barriers. Please let us know what you need.

We also offer a wide-ranging benefits package, which includes:

• A generous pension contribution of up to 15%

• An annual performance-related bonus

• Share schemes including free shares

• Benefits you can adapt to your lifestyle, such as discounted shopping

• 30 days’ holiday plus bank holidays

• A range of wellbeing initiatives and generous parental leave policies

Ready for a career where you’ll learn and thrive? Apply today and find out more.

At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop.

We keep your data safe. So, we'll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks.  We'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person. 

We're focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.