2026 Pension Actuary
Salary Guide

Complete guide to Pension Actuary salaries, responsibilities, and career paths.

PA

Pension Actuary

FinanceInsurance

Average Salary

£40,000 – £90,000

Working Hours

37.5 hours/week

Job Information

  • 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

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