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I am delighted to present the results of my brand new salary survey for UK Pensions Actuaries in 2022. You are likely to have seen my original survey which I published last September, based on data collected between July to September 2021. For consistency, I collected my 2022 data during the same three-month period. Little did I know that during this time, we would see out-of-cycle pay increases awarded in their hundreds, coupled with higher than usual annual pay reviews reflecting inflation and the rising costs of living. |
So it’s safe to say that quite a few of the participants will already be on a higher salary than when they took part, and I will ask you to please keep this in mind. However salaries are always a moving feast, and I want to present the data exactly as it came in, in order to give an accurate snapshot as possible of how people are being rewarded. This year I also asked some broader questions designed to give some insight into how people are feeling. Do Actuaries in the UK feel fairly paid for the job they do? How many hours per week are consultants really working? Should salaries still be closely linked to where you choose to live? Goodman Masson’s 2022 Pensions Salary Survey Results can be downloaded here. I hope you find this useful, and as always, I welcome any feedback or suggestions for next time.
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| BPA Implementation Manager | ||
| North / hybrid working 50/50 - Negotiable | ||
| Head of Reserving | ||
| City of London - £150,000 Per Annum | ||
| PRT or BPA Specialist | ||
| Nationwide offices / hybrid working - Negotiable | ||
| Retirement Consultant | ||
| UK-wide / hybrid 2 dpw office-based - Negotiable | ||
| GI Associate Actuarial Director | ||
| London / hybrid 2-3 dpw office-based - Negotiable | ||
| GI Actuarial Senior Manager | ||
| London / hybrid 2-3 dpw office-based - Negotiable | ||
| Actuarial Manager - GI/Risk | ||
| London / hybrid 2-3 dpw office-based - Negotiable | ||
| Insurance Risk Manager | ||
| London / hybrid 2-3 dpw office-based - Negotiable | ||
| Financial Risk Leader - ALM Oversight | ||
| Flex / hybrid - Negotiable | ||
| Financial Risk Leader | ||
| Flex / hybrid - Negotiable | ||
| Take the lead on actuarial financial ... | ||
| Flex / hybrid - Negotiable | ||
| With-Profits and Investment Risk Expert | ||
| Flex / hybrid - Negotiable | ||
| Reinsurance Actuary | ||
| London/Hybrid - Negotiable | ||
| CONTRACT (12 months): Underwriter | ||
| Fully remote - Negotiable | ||
| CONTRACT (12 months): Senior Underwriter | ||
| Fully remote - Negotiable | ||
| MI Manager | ||
| UK South West / hybrid 2 days in the office - Negotiable | ||
| Senior MI Analyst | ||
| UK South West / hybrid 2 days in the office - Negotiable | ||
| LONDON MARKET CONTRACT: Capital Model... | ||
| London/hybrid 2-3dpw office-based - Negotiable | ||
| Senior M&A Actuary | ||
| London / hybrid 3 dpw office-based - Negotiable | ||
| Market-leading Pricing | ||
| South East or Scotland / hybrid 2 dpw in the office - Negotiable | ||
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By James Turner at Goodman Masson