Table 1Transition record

pensions administratortofinancial broker

A pensions administrator already meets 42% of what the financial broker role asks for. The move turns on 9 required skills not yet in the profile.

From pensions administrator

42%

Overlap1

To financial broker

12 Skills carried over

9 Required, not held

55.2 Difficulty2

adjacent 0–30

moderate 30–55

substantial 55–75

career change 75–100

this move, 55.2

This move: 55.2 of 100 · substantial

1 Share of the financial broker role’s weighted skill requirement already met by the pensions administrator profile. Required skills count in full, supplementary skills at 0.35. Directional: the figure for the reverse move differs. 2 Combines what is missing with how specialised it is, so a gap of general skills scores easier than the same number of narrow ones.

Table 2

Table 2 · What you already bring

Of the 12 skills that carry over, these are the ones fewest other occupations ask for. A financial broker role needs them, and most people applying for one will not have them already. This is the part of a pensions administrator background worth leading with.

Skill the target role also needs Area

already held handle financial disputes communication, collaboration and creativity
already held provide financial product information communication, collaboration and creativity
already held provide support in financial calculation information skills
already held synthesise financial information information skills
already held maintain records of financial transactions information skills
already held trace financial transactions information skills

All 12 carried skills, including the 7 the financial broker role treats as required.

Table 3

Table 3 · What you would need to learn

The 18 missing skills fall into 5 areas of the ESCO skill hierarchy, numbered below in the order worth working in: the areas carrying the most required skills come first, and inside each one the required skills sit above the supplementary ones.

Skill to acquire Tier

01 business, administration and law 3 required, 2 supplementary

required, not held financial jurisdiction required
required, not held financial products required
required, not held securities required

optional, not held banking activities optional
optional, not held modern portfolio theory optional

02 communication, collaboration and creativity 2 required, 3 supplementary

required, not held advise on financial matters required
required, not held trade securities required

optional, not held communicate with banking professionals optional
optional, not held communicate with customers optional
optional, not held review investment portfolios optional

03 information skills 2 required, 2 supplementary

required, not held analyse market financial trends required
required, not held maintain financial records required

optional, not held conduct financial audits optional
optional, not held provide cost benefit analysis reports optional

04 management skills 1 required, 2 supplementary

required, not held create a financial plan required

optional, not held operate financial instruments optional
optional, not held optimise financial performance optional

05 social sciences, journalism and information 1 required

required, not held economics required

Table 4

Table 4 · Where to start

The 3 entries a financial broker role is least likely to hire without. The ordering is computed from the skill data, not from what pays.

Each entry opens a course search for that skill. Career Overlap earns nothing from these links.

Appendix

Appendix · The rest of the record

All 12 skills that carry over

Skill Type

already held actuarial science knowledge
already held apply technical communication skills skill
already held manage financial risk skill
already held obtain financial information skill
already held protect client interests skill
already held provide financial product information skill
already held synthesise financial information skill
already held handle financial disputes skill
already held handle financial transactions skill
already held maintain records of financial transactions skill
already held provide support in financial calculation skill
already held trace financial transactions skill

9 supplementary skills, helpful but not required

Skill to acquire Tier

optional, not held banking activities optional
optional, not held communicate with banking professionals optional
optional, not held communicate with customers optional
optional, not held conduct financial audits optional
optional, not held modern portfolio theory optional
optional, not held operate financial instruments optional
optional, not held optimise financial performance optional
optional, not held provide cost benefit analysis reports optional
optional, not held review investment portfolios optional

16 held skills the financial broker role does not ask for

Skill Type

not needed by the target role advise on social security benefits skill
not needed by the target role analyse financial risk skill
not needed by the target role calculate employee benefits skill
not needed by the target role communicate with beneficiaries skill
not needed by the target role comply with legal regulations skill
not needed by the target role corporate social responsibility knowledge
not needed by the target role develop pension schemes skill
not needed by the target role ensure information transparency skill
not needed by the target role government social security programmes knowledge
not needed by the target role investigate social security applications skill
not needed by the target role legal research knowledge
not needed by the target role manage pension funds skill
not needed by the target role promote social security programmes skill
not needed by the target role social security law knowledge
not needed by the target role types of pensions knowledge
not needed by the target role use IT tools skill

6 gaps that are knowledge rather than practice

Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.

Skill to acquire Tier

required, not held economics required
required, not held financial jurisdiction required
required, not held financial products required
required, not held securities required
optional, not held banking activities optional
optional, not held modern portfolio theory optional

Index

Other moves recorded from pensions administrator

Full index of moves from pensions administrator

Note

How this record was compiled

Both occupations are taken from ESCO, which lists the skills and knowledge each occupation is expected to have and marks every one required or optional. Nothing here is a prediction about hiring, and nothing here knows that a particular employer wants a particular certificate. Treat Table 3 as a starting point for your own research rather than a syllabus. The full method states what these figures can and cannot tell you.