Head of Pensions Investment & Funding (Hybrid)

Job Description:

Core-Asset Consulting is partnering with a leading UK financial services organisation to appoint a Head of Pensions Investment & Funding.

Reporting to the Group Pensions Director and working closely with the Trustee Board, you will lead a specialist investment team responsible for the day-to-day oversight of pension scheme assets.

This role sits at the centre of funding and investment decision-making, supporting the Trustee in setting strategic objectives, defining risk appetite, and ensuring effective implementation of investment strategy.

You will operate within delegated authorities, ensuring robust governance, regulatory compliance and alignment with long-term funding targets.

• Demonstrable senior leadership experience within a large and complex organisation, ideally within a major pension fund or institutional investment environment.


• Deep technical knowledge of pension funding and investment, including liability structures, actuarial assumptions, multi-asset investing, derivatives and leverage, and risk hedging techniques.


• Proven experience managing complex stakeholder relationships at Trustee and executive level.


• Strong strategic thinking combined with disciplined execution capability.


• Experience operating within a robust governance and regulatory framework.


• Professional qualification such as CFA or FIA (desirable).

• Lead the development and execution of funding and investment strategies across DB and DC schemes.


• Oversee management of assets and liabilities within delegated authorities set by the Trustee.


• Provide technical insight and challenge on asset allocation, hedging strategies (including LDI, FX and longevity risk), liquidity management and portfolio construction.


• Support funding discussions, ensuring outcomes align with regulatory guidance and long-term objectives.


• Monitor and oversee fund manager performance, mandate design and third-party relationships.


• Ensure appropriate liquidity management to meet benefit payments and collateral requirements.


• Identify emerging risks and implement effective risk management and de-risking strategies.


• Oversee DC investment strategy, including default arrangements and fund range design.


• Deliver clear and timely performance, risk and management reporting to support Trustee oversight.


• Lead, develop and motivate a team of specialist investment professionals.

• A highly competitive salary


• Highly competitive wider benefits package

Core-Asset Consulting is an equal opportunities recruiter, and we welcome applications from everyone irrespective of age, disability, gender, gender identity or expression, race, colour, ethnic or national origin, sexual orientation, religion or belief, marital/civil partner status or pregnancy.

Job reference: 16396

To apply for this vacancy applicants must be eligible to work in the UK in accordance with the Immigration, Asylum and Nationality Act 2006.

At Core-Asset, we're committed to protecting and respecting your privacy.

Our privacy statement explains when and why we collect personal information about people who engage with our services, how we use it, the conditions under which we may disclose it to others, and how we keep it secure.

We may change this policy from time to time, so please check this policy occasionally to ensure that you're happy with any changes.

By engaging with us (either by applying for a job we're advertising, registering through our website, or getting in touch with our business) you're agreeing to be bound by this policy.

Core-Asset Consulting is committed to protecting the privacy of our candidates, clients and website users.

For further information, please refer to our full Privacy Statement available on our website http://www.core-asset.co.uk/about-core-asset/privacy-statement

Core-Asset Consulting offers specialist recruitment services to asset management, accounting & finance, asset servicing, legal and the wider financial services sector in Scotland.

INDPERM