Job Description

Job Type: Permanent

Location: This role could be based in London, Birmingham or our Edinburgh offices with time spent working in the office and from home. For awareness, all current members of the P&S Commercial team are based in Edinburgh.

Flexible working: All roles are open to part-time, job-share and other types of flexibility. We will discuss what is important to you and balancing this with business requirements during the recruitment process. You can read more about flexible working here.

Closing Date: Friday 10th April (23:55)

Salary and benefits: Up to £110,000 plus an indicative bonus range of 30%-60%, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more.

Ready to drive meaningful commercial impact? As our Commercial Retail Pensions & Investments Lead, you’ll steer pricing strategy, lead high‑profile projects and work at the heart of Pensions & Savings to deliver smarter, fairer and more innovative outcomes for our customers.

As Commercial Retail & Pensions & Investment Lead you’ll manage a small team within the Pensions & Savings (P&S) Commercial function, part of the wider P&S Commercial Finance and Operations department. This senior role is responsible for Retail product pricing, investment fund charges, cross‑channel project delivery, and supporting P&S management actions alongside the Head of P&S Commercial. Strong role modelling of the Big Three behaviours is essential.

Who are we?

We’re Standard Life, a retirement specialist focused entirely on retirement savings and income. We champion the belief that everyone’s journey to and through retirement can be better, and for more than 200 years, we’ve been helping our customers plan and prepare for their financial futures.

Life today is increasingly complicated, uncertain and unpredictable. People move through different careers, face unexpected moments and navigate important choices. We offer our colleagues flexibility, trust and benefits that work for whatever life brings. In return we expect curiosity, connection, accountability and high standards. We make room for what matters - so you can bring your best, every day.

The role:

The role works closely with teams across P&S Commercial Finance and Operations, P&S Trading Channels, P&S Product, the Policyholder Investment Office (PIO), Actuarial, Capital and Balance Sheet.

Retail product pricing

Lead the design and oversight of pricing structures and rates, ensuring they remain fair, competitive and commercially sustainable
Monitor market activity, concessions and repricing.
Represent Commercial at Retail forums and provide commercial input to the P&S Pricing Committee.
Present at Life Company Board level when required.

Investment fund pricing

Lead pricing for funds across Retail Pension, Retail Life and Workplace products.
Work closely with Product teams and the PIO, including on sustainability‑aligned propositions and the Group’s Future Growth Capital partnership with Schroders.
Present proposals to the P&S Pricing Committee and attend the Board Investment Committee when needed.

P&S management actions

Develop and support initiatives to improve SII Own Funds, IFRS profit and liquidity
Apply strong actuarial or analytical expertise in partnership with the Head of P&S Commercial, supported by evolving MG Alfa models.

Project delivery

Support and deliver projects across P&S, Finance and the PIO related to Retail products, cross‑channel investment propositions and wider commercial initiatives.
Undertake data analysis, develop recommendations and oversee practical implementation.
Participate in Steering Committees and working groups, directly or through team delegation.

What are we looking for?

Essential

Qualified Actuary with strong quantitative and analytical skills, able to apply actuarial judgement to complex commercial, investment and regulatory topics (Essential).
Strong understanding of the UK Retail Life & Pensions market, including key product features, charging structures, customer needs and the competitive landscape.
Working knowledge of investment funds, including structures, charging models, governance and how investment design links to product and customer outcomes.
Understanding of Solvency II / Solvency UK and IFRS, including how modelling, management actions and model changes affect capital, liquidity and profit.
Advanced critical thinking and judgement, with the ability to navigate ambiguity, challenge assumptions and deliver insight‑driven solutions.

Desirable

Commercial acumen, with the ability to identify value opportunities, balance customer and shareholder outcomes and support sustainable revenue growth.
Collaborative working style, partnering effectively across Product, Distribution, PIO, Finance and Actuarial.
Clear and influential communication skills, able to simplify complex topics for senior stakeholders, including Executive Committees and Boards.

We want to hire the whole version of you.

We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds. If your experience looks different from what we’ve advertised and you believe that you can bring value to the role, we’d love to hear from you.

If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best.

We’re reviewing applications as they come in, so apply early to avoid missing out.

Find out more about working at Standard Life

Guide for Candidates: standardlifeplc.pagetiger.com/guideforcandidates
Find or get answers from our colleagues: www.standardlifeplc.com/careers/talk-to-us

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Commercial Retail Pensions & Investments Lead