End Date
Monday 24 August 2026Salary Range
£0 - £0We support flexible working – click here for more information on flexible working options
Flexible Working Options
Hybrid WorkingJob Description Summary
Job Title: Pension Policy LeadJob Description
Day to day you will
Strategic change and project delivery
Support the delivery of the Group's pensions agenda through the development and implementation of pension policies, frameworks and initiatives.
Analyse legislative, regulatory and market developments, assessing potential impacts and recommending appropriate actions.
Identify emerging trends, risks and opportunities and contribute ideas and recommendations to help inform the evolution of Group pension policy and future strategic direction.
Monitor developments across the pensions, technology and regulatory landscape, identifying opportunities to improve colleague outcomes, efficiency, governance and risk management.
Coordinate complex pensions projects and change activities, managing risks, dependencies and stakeholders to deliver successful outcomes.
Identify opportunities for simplification, harmonisation and continuous improvement across pension arrangements and supporting processes.
Support pension-related activity arising from corporate transactions, acquisitions, restructuring activity and regulatory developments.
Governance and risk
Support and coordinate governance activities across the Group's pension arrangements, ensuring compliance with legislative, regulatory and internal requirements.
Monitor pension risks and controls within area of responsibility, ensuring issues are identified, assessed and escalated where appropriate.
Support the development of business cases, recommendations and implementation plans for pension-related change and improvement initiatives.
Contribute to the ongoing review and enhancement of governance frameworks, processes and controls.
Take a broad view of pension-related challenges and opportunities, considering colleague, business, operational, regulatory and market perspectives when developing recommendations and solutions.
Stakeholder management and communications
Work collaboratively with the Group Pensions team, trustees, advisers, suppliers and business stakeholders to support delivery of pension objectives.
Support the resolution of complex pension issues and stakeholder concerns, balancing member and business considerations.
Develop pensions communications and briefing materials, ensuring technical accuracy and alignment with policy and business objectives.
Use member, business and market insight to identify opportunities to improve colleague understanding, engagement and outcomes.
Team and capability development
Share technical expertise and support capability building across the wider pensions team.
Foster a culture of continuous improvement, collaboration and professional excellence.
Provide coaching and support to colleagues on technical pensions matters where appropriate.
What you'll need
Experience & capability
Significant experience managing pension arrangements within a large corporate, trustee or consultancy environment.
Proven experience delivering complex pension projects, change initiatives or strategic activities involving multiple stakeholders.
Strong understanding of UK pension legislation, governance requirements and market practice across DB and DC pension arrangements.
Strong awareness of developments across the pensions industry and wider employee benefits landscape, with the ability to assess emerging trends and their potential impact.
Demonstrated ability to work collaboratively within multi-disciplinary teams, building trusted relationships and contributing to collective goals and successful outcomes.
Ability to analyse complex issues, identify key risks and opportunities, and develop practical, well-balanced recommendations.
Demonstrable ability to see the bigger picture, balancing colleague, business, operational, regulatory and financial considerations when making decisions.
Experience identifying opportunities for continuous improvement, innovation and more effective ways of working, including consideration of emerging technologies and AI-enabled solutions.
Leadership & influence
Excellent stakeholder management, communication and relationship-building skills.
Ability to influence outcomes through collaboration, technical expertise and sound judgement.
Strong facilitation and problem-solving skills, with the confidence to constructively challenge where appropriate.
Ability to operate strategically while maintaining a strong focus on delivery and execution.
It would be beneficial if you also have
Experience of mergers, acquisitions, disposals or benefit harmonisation projects.
Experience within financial services or another highly regulated environment.
Experience of Crown Dependency and/or international pension arrangements.
About working for us
Our focus is to ensure we're inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms. We want our people to feel that they belong and can be their best, regardless of background, identity or culture. We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer initiative. And it’s why we especially welcome applications from under-represented groups.
We’re disability confident. So if you’d like reasonable adjustments to be made to our recruitment processes, just let us know.
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, with bank holidays on top
A range of wellbeing initiatives and generous parental leave policies
If you’re excited by the thought of becoming part of our team, get in touch. We’d love to hear from you.
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.
We're changing financial services, and we want you to join us.
We're the UK's largest financial services group, with our 25 million customers and a history stretching back more than 300 years.
We pride ourselves on creating a great environment for colleagues to work in, one which is inclusive and driven by our values. This is critical to our business success as we know that colleagues who can show up to work as themselves are those that bring their best.
We're an inclusive and open organisation with a scale that creates a vast range of roles and opportunities. We offer a plenty of options for continual personal growth and you'll be part of a culture which embraces diversity of talent, creativity, skills and thinking among our teams.

Workplace Initiatives
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Opportunities for people returning from a career break |
Yes our Returner opportunities offer a career path to candidates with a 18 month year break in their career’ with ‘Yes, our Returner opportunities are aimed at candidates who have had a 18 month or more career break |
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Leadership development programmes? |
Yes |
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Mentoring programmes? |
Yes |
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Coaching programmes? |
Yes |
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Employee-led diversity networks? |
Yes |
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Internal women’s networking groups? |
Yes |
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Open to discussing flexible work arrangements at interview stage? |
Yes |
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No. of weeks paid maternity leave at full salary: |
20 weeks based on full pay + 19 weeks at the current statutory maternity pay rate |
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Minimum weeks tenure required to be eligible for paid maternity leave: |
No qualifying service period |
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No. of weeks paid paternity leave at full salary: |
6 weeks |
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Minimum tenure required to be eligible for paid paternity leave: |
No qualifying service period |
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Gender pay gap reporting information (insert year) (UK): 2022 |
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Average pay gap: |
30.5% |
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Median pay gap: |
33.6% |
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Average bonus gap: |
62.5% |
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Median bonus gap: |
69.5% |
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Signatory of the UK Women in Finance Charter? |
Yes |
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Targets to raise the number of women in leadership? |
Yes |
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Targets to raise the number of BAME individuals in leadership? |
Yes |
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Listed in the Bloomberg Diversity & Inclusion Index? |
Yes |
Flexible Working Policy
We take pride in being a leader in flexibility and offer a wide array of flexible working options for different circumstances. How you work and the options available will depend on the role you're in, but we aim to offer the flexibility needed by everyone.
For many of our office-based roles, we work in hybrid ways, which involves spending at least two days per week or 40% of their time at one of our office sites. Dependent on your role, other flexible options may be available, such as part-time or compressed hours, complete home-working or job share. ‘Find out how flexible working can work for you’.
Flexible Working Policy
We take pride in being a leader in flexibility and offer a wide array of flexible working options for different circumstances. How you work and the options available will depend on the role you're in, but we aim to offer the flexibility needed by everyone.
For many of our office-based roles, we work in hybrid ways, which involves spending at least two days per week or 40% of their time at one of our office sites. Dependent on your role, other flexible options may be available, such as part-time or compressed hours, complete home-working or job share. ‘Find out how flexible working can work for you’.
Returner opportunities
Returning to work after time away can be challenging. That’s why we offer Returner opportunities that are designed to assist people returning to work after a career break of 18 months or more and our roles are permanent from the day one. Whether you’ve been away from work due to parenthood, illness, or even travel, we’re looking forward to hearing from you as we continue to grow!
What can you expect?
Coming back into the world of work after a career break can be really daunting – and we therefore know how important flexibility is. We’re very aware that ‘normal’ office hours aren’t always doable, so will happily have the discussion about different working patterns with you.
These roles have been created with your career break in mind, making sure we are there to support you in your transition back to work. You will be brought in on a permanent contract and given meaningful work from day one. Plus, you’ll be paired with a buddy or mentor from your team to help guide you along the way. You’ll also benefit from being part of the wider Returners Community and have the chance to create a personal development plan that works for you.
Who are we looking for?
While banking or professional services experience is desirable, especially for some roles, we care more about the transferable skills you can bring to our business.
Testimonials
I had a good network of colleagues already working for Lloyds Banking Group, who were all very passionate about their roles - so it felt the right choice for me and gave me the courage to apply for a Business Analyst role through the Returners. It was a seamless recruitment experience and I was offered a role in the work I wanted to do.
Olufunke Oladinni, Business Analyst
I love being a Project Manager, and I can’t recommend the Lloyds Banking Group Returners enough. It’ll springboard your career, giving you the best opportunity to relaunch yourself and maximise your full potential.
Justin Pierce, Project Manager