Abbott

Pensions Manager UK & Ireland

United Kingdom

Not SpecifiedCompensation
Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Healthcare, Financial ServicesIndustries

Pensions Manager

Employment Type: Full-time

Position Overview

Abbott is a global healthcare leader dedicated to creating breakthrough science to improve people’s health. We are seeking a Pensions Manager for our Corporate Financial Services division, to be office-based from a UK site location (Solihull or Maidenhead are most ideal). This role will lead the in-house Pensions Team, providing essential support and information to Company Management, the Trustee Directors, and all active members of both pension schemes across multiple sites and business divisions.

Responsibilities

  • Team Leadership: Lead the in-house Pensions Team, ensuring adequate support for members transitioning due to corporate acquisitions/divestments and those approaching retirement.
  • Trustee Support: Act as Secretary to the Trustee of the Abbott Laboratories Pension Fund (1966), supporting the Chairman of the Trustee in delivering board objectives.
  • Technical Expertise: Serve as a technical expert for both the Trustee Board and the Company, continuously assessing pension scheme requirements in light of evolving regulations and tax implications.
  • Administration & Communication Management: Manage all aspects of pension administration and communication for the Abbott Laboratories Pension Fund (1966), Abbott Retirement Saver (2015) (including automatic enrolment), a closed DB scheme, and an open DC scheme in Ireland.
  • Governance: Oversee all governance, support, and delivery aspects for the Trustee Board, including preparing, running, and minuting Trustee Meetings.
  • Advisor Relationships: Lead representation in key relationships with professional advisors to both the Trustee and the Company, evaluating technical advice and monitoring administration performance.
  • Member Communications: Lead the production of high-quality member communications for the Abbott Laboratories Pension Fund (1966) and Abbott Retirement Saver (2015), including oversight of the scheme website.
  • Compliance & Training: Ensure compliance with legislation, regulation, and Regulator guidance. Coordinate training for the Trustee Board and maintain adequate internal financial controls and administrative procedures.
  • Financial Reporting: Oversee the preparation, audit, and sign-off of the Trustee’s Annual Report and Accounts within statutory deadlines.
  • Risk Management: Lead the Trustee Board in operating Integrated Risk Management, including regular review of the Trustee Risk Register.
  • Collaboration: Partner with HR and Payroll on benefit design and administration issues.
  • Staff Management: Direct all activities of the pensions office staff, ensuring adequate resourcing, training, and development, including direct line management of one individual.
  • Third-Party Management: Manage the activities of the third-party administrator for the Abbott Laboratories Pension Fund (1966) and the provider for the Abbott Retirement Saver (2015).
  • Actuarial Valuations: Coordinate and evaluate detailed technical analysis supporting funding issues from triennial actuarial valuations.
  • Budget Management: Manage Trustee expenditure exceeding £2 million annually, including budgetary negotiations.
  • Dispute Resolution: Oversee the application of the Trustee Internal Dispute Resolution procedure for the Abbott Laboratories Pension Fund (1966) to ensure timely resolution of member complaints.
  • US Parent Company Relations: Actively support the UK entity and the Trustee in the relationship with the US parent company.

Requirements

  • (Specific requirements not detailed in the provided text)

Application Instructions

  • (Application instructions not detailed in the provided text)

Company Information

Abbott is a global healthcare leader, creating breakthrough science to improve people’s health. We’re always looking towards the future, anticipating changes in medical science and technology.

Skills

Pensions management
Pension administration
Pension governance
Regulatory compliance
DC schemes
DB schemes
Trustee board support
Communication
Financial services

Abbott

Healthcare solutions in diagnostics and devices

About Abbott

Abbott Laboratories focuses on improving health through various medical technologies and health solutions. The company operates in areas such as cardiovascular health, diabetes management, diagnostic testing, nutrition, and neuromodulation for chronic pain and movement disorders. Abbott's products include advanced medical devices and diagnostic tests that help healthcare professionals and patients manage health conditions effectively. For example, their cardiovascular technologies assist in heart health management, while diabetes care products enable accurate glucose monitoring without painful fingersticks. Unlike many competitors, Abbott emphasizes accessibility and affordability in its offerings, aiming to make life-changing technologies available to a broader audience. The company's goal is to positively impact global health and well-being, supported by a commitment to sustainability and a 2030 Sustainability Plan.

Lake Bluff, IllinoisHeadquarters
1888Year Founded
IPOCompany Stage
HealthcareIndustries
10,001+Employees

Risks

Departure of key leader Dr. Adamson may affect Abbott's Heart Failure division.
Integration challenges with Medtronic could impact glucose monitor-insulin pump rollout.
Thermo Fisher's microfluidics expansion may increase competition for Abbott.

Differentiation

Abbott integrates continuous glucose monitoring with automated insulin delivery systems.
Abbott's microfluidic devices streamline diagnostic processes efficiently.
Abbott's neuromodulation products target specific nervous system areas for chronic pain relief.

Upsides

Microfluidic technology offers cost-effective solutions in diagnostics.
Strategic partnerships like Abbott-Medtronic enhance product offerings and market reach.
Significant investments indicate strong market confidence in Abbott's healthcare solutions.

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