Skill Details

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Skill Details

Skill Name

Skill Category

Is Accredited

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Is Apprenticeship

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Skill Overview

The Pensions Administrator Level 3 Apprenticeship is ideal for individuals already working in pension administration or related fields who wish to enhance their skills in managing pension schemes, administering member records, and understanding pension regulations.

Learning Objectives

The Pensions Administrator Level 3 Apprenticeship equips apprentices with the advanced skills, knowledge, and behaviours needed to thrive in pension administration roles. This apprenticeship builds on foundational knowledge, preparing individuals to manage more complex pension tasks and contribute effectively to the smooth operation of pension schemes within an organisation.

What it covers:

The Pensions Administrator Level 3 Apprenticeship covers a wide range of skills and knowledge essential for managing pension schemes effectively, including:

Administering pension schemes and setting up member benefits, such as retirement, death, and leaving service benefits
Maintaining financial records, including cash books, reconciling bank statements, and preparing cash-flow forecasts
Updating and managing member records, such as salary details and changes in personal information like address or marital status
Interpreting pension scheme data and ensuring compliance with regulations to maintain accurate benefits payable
Responding to member inquiries, including fund valuations and information on investment options

This apprenticeship prepares apprentices to manage the daily tasks of pension administration while delivering excellent service to both members and the organisation.

Funding Option

Funding Eligibility

For apprentices aged 16-21 the training costs are fully funded by the government. For apprentices aged over 21, there is a 5% co-investment which would be paid by the employer. Alternatively, the training costs can be covered by utilising the Apprenticeship Levy Fund.

Skill Price ex VAT (£)

Skill Length

Skill Level

Skill Timings

Delivery Method

Skill Eligibility (Prerequisites for skill/software requirements)

Applicants must hold a minimum of Level 2 in maths and English or equivalent.

Additionally, they must be employed in a relevant role.

Last Application Date

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Skill Status

Skill Enquiry Details

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