Teachers' Pensions

What Teachers' Pensions does

Teachers'​ Pensions specializes in administrating the teachers' pension scheme on behalf of the department for education.

Name

Teachers' Pensions

Legal name

Teachers'​ Pensions

Website

https://www.teacherspensions.co.uk

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Teachers' Pensions specializes in administrating the teachers' pension scheme on behalf of the department for education.

Ownership category

akta.pro rank

Product category

Public Sector Pensions Administration

NAICS

Pension Funds (525110)

akta.pro primary industry

Pensions & Retirement Benefits Administration (BPAIAKAA)

Keywords

• Public sector pensions
• Defined benefit scheme
• Pension administration
• Teacher pension scheme
• Statutory pension scheme

Headquarters

HQ city

Darlington

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Pension Contributions: Teachers' Pensions is a defined benefit public sector pension scheme. Members pay contributions based on salary bands (7.4% to 12% depending on earnings), employers (schools and educational institutions) also contribute, and the government provides tax relief. The scheme does not operate on a commercial revenue model but is funded through the tripartite contribution structure.

Pricing tiers

Distribution channels6 records

Marketing channels6 records

Core offering

Teachers' Pensions administers the statutory Teachers' Pension Scheme on behalf of the UK Department for Education, providing defined benefit pension accrual for teachers and lecturers in England and Wales. It operates the My Pension Online member portal and the Employer Portal to support member account management, pension calculations, benefit statements, retirement planning, and employer-side administration of contributions and member records.

Product overview

Teachers' Pensions administers the Teachers' Pension Scheme on behalf of the UK government, providing pension services to teachers and lecturers. The core offering consists of the My Pension Online (MPO) member portal and Employer Portal, supported by the Member Hub and Employer Hub resource centres. Members access pension management tools including calculators (Quick Pension Estimate, Flexibilities, Annual Allowance, Maximum Earnings Limit), benefit statements, retirement planning resources, and secure messaging. Employers use the portal for member administration, contributions management, and Monthly Contributions Reconciliation. The scheme operates under two arrangements: Final Salary (closed to new contributions from April 2022) and Career Average (introduced April 2015 for new starters and transitioning members).

Differentiator

Problem solved

Functional benefit

Products and services

• Teachers' Pension Scheme Statutory defined benefit pension scheme providing guaranteed retirement income, lump sum, survivor benefits, and ill-health cover to teachers and lecturers employed in England and Wales. Members and employers contribute through salary-band-based rates, with government tax relief.
• My Pension Online (MPO) Secure online portal for teachers and lecturers to manage their pension account, view benefit statements, update personal details, access pension calculators, submit forms, track applications, and communicate securely with Teachers' Pensions. Protected by Multi-Factor Authentication.
• Employer Portal Secure portal for schools, academies, colleges, and further/higher education institutions to manage teacher pension records, perform administrative tasks, upload files, send secure messages, access templates, and complete statutory processes such as End of Year Certificate reconciliation and Monthly Contributions Reconciliation.

Quantifiable outcome

• Career average revaluation rate of 5.4% for active members (April 2026)
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core.

• Department for EducationcoreOthersThe Department for Education (DfE) is the governing body responsible for the Teachers' Pension Scheme. Teachers' Pensions administers the scheme on behalf of the DfE. The DfE sets scheme regulations and oversight requirements. Scheme Registry Numbers: 10005209 (2010 scheme and earlier) and 10276733 (2015 scheme).
• HM Revenue and Customs (HMRC)coreOthersHMRC sets tax rules and limits including Annual Allowance, Lifetime Allowance (abolished 2024), Lump Sum Allowances, and Overseas Transfer Allowance. HMRC provides calculators and guidance for members affected by Transitional Protection and pension adjustments.
• HM TreasurycoreOthersHM Treasury provides factors for salary restrictions and determines Pensions Increase rates based on CPI. Treasury sets the parameters for public service pension schemes including the discount rate used for transfer values and pensions on divorce calculations.
• State Pension Agency (GOV.UK)coreOthersThe Normal Pension Age for career average benefits is linked to State Pension Age. Teachers' Pensions directs members to GOV.UK to check their State Pension Age, which determines when they can claim their teacher pension without actuarial adjustment.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• NHS Pension Scheme (NHS Business Services Authority): Administers the NHS Pension Scheme, the largest UK public sector DB pension scheme for healthcare workers in England and Wales. Operates a near-identical member and employer portal model with statutory monopoly coverage of its workforce.
• Scottish Public Pensions Agency (SPPA): Administers the Scottish Teachers' Pension Scheme alongside NHS Scotland, Police Scotland and other Scottish public sector schemes. Directly comparable role administering the parallel teachers' scheme in Scotland.
• Civil Service Pension Scheme (MyCSP): Statutory DB pension scheme for UK civil servants, administered by MyCSP. Closely comparable public sector scheme with defined benefit structure, employer portal and member self-service offering.
• Universities Superannuation Scheme (USS): Occupational DB pension scheme for staff at UK universities and higher education institutions. Comparable statutory-style scheme serving an academic workforce with similar defined benefit and member portal infrastructure.
• Local Government Pension Scheme (LGPS): Statutory DB pension scheme for local government employees in England and Wales, administered across 86 regional funds. Comparable public sector scheme with member self-service portals and employer administration responsibilities.
• Police Pension Scheme: Statutory DB pension scheme for police officers in England and Wales, overseen by the Home Office. Directly comparable public sector uniformed service scheme with similar regulatory and administration structure.
• Armed Forces Pension Scheme: Statutory DB pension scheme for UK military personnel administered by the Ministry of Defence. Comparable public sector DB scheme with similar benefit structure (survivor, ill-health, lump sum options).

Broad incumbents

• XPS Pensions Group: Listed UK pensions administration, advisory and consulting firm serving DB and DC schemes across public and private sectors. Comparable operating model for outsourced pension administration at scale.
• Capita Pension Solutions: Major UK outsourcer providing pension scheme administration to public and private sector clients. Operates portals and administration services comparable to the Employer Portal and My Pension Online infrastructure.

Others

• Aon UK Pensions: Global professional services firm providing pensions advisory, actuarial and administration services to UK DB and DC schemes. Adjacent to Teachers' Pensions through shared employer and member advisory ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/teacherspensions?sub_confirmation=1
• Facebookfacebook.com/teachers.pensions
• LinkedInuk.linkedin.com/company/teachers'%E2%80%8B-pensions
• Instagraminstagram.com/teachers_pensions
• Xx.com/TPScheme

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Teachers' Pensions