Skip to content
SOC 4132 Administrative occupations

Pensions and insurance clerks and assistants Salary

Median salary £29,329 per year (2025). Based on ONS ASHE data.

About this role

Pensions and insurance clerks process pension scheme administration, insurance applications, claims and renewals. They calculate benefits, maintain member and policyholder records and ensure compliance with regulatory requirements.

Key responsibilities

  • Processing pension scheme member records and benefit calculations
  • Administering insurance policies, renewals and claims
  • Calculating retirement benefits, transfers and death benefits
  • Handling member and policyholder enquiries
  • Ensuring compliance with TPR (The Pensions Regulator) and FCA requirements

Qualifications and entry routes

PMI (Pensions Management Institute) qualifications for pensions roles. CII (Chartered Insurance Institute) qualifications for insurance roles. Many enter through trainee positions with on-the-job training.

Career outlook

Pensions auto-enrolment and pension freedoms have increased administrative complexity. Qualified pensions administrators are valued across the industry.

Key skills

Pension legislation Benefits calculation Insurance processes Accuracy Regulatory compliance

Common industries

  • Pension scheme administrators
  • Insurance companies
  • Employee benefit consultancies
  • Third-party administrators
  • Public sector pensions

Data coverage

SOC code 4132
Data source ONS ASHE
Years available 2015–2025
Estimated jobs 35,000

Median Salary

£29,329

Mean Salary

£32,562

Jobs (000s)

35k

Data Years

11 years

Salary Range (2025)

P25: £24,383Median: £29,329P75: £34,061
P10: £20kP25: £24kMedian: £29kP75: £34kP90: --

Estimated Career Progression

Based on salary percentile distribution for this occupation

Entry Level

£20,229

0-2 years

Mid Level

£24,383

3-7 years

Senior

£34,061

8-15 years

Potential career growth: +68% from entry to leadership

Salary Trend (2015-2025)

Nominal growth: +43.8%Real growth: +4.1%

Gender Pay Comparison (2025)

Gender pay gap: 15.0%

Full-time vs All Employees (2025)

All Employees

£29,329

Full-time Only

£30,269

Full-time premium: +£940