Teachers' Pensions
Teachers' Pensions specializes in administrating the teachers' pension scheme on behalf of the department for education.
- Company typePrivate
- Founded-
- HeadquartersDarlington, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Teachers' Pensions does
Teachers' Pensions specializes in administrating the teachers' pension scheme on behalf of the department for education.
Teachers' Pensions firmographics
Firmographics- 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
Teachers' Pensions industry classification
Industry- Product category
- Public Sector Pensions Administration
- NAICS
- Pension Funds (525110)
- akta.pro primary industry
- Pensions & Retirement Benefits Administration (BPAIAKAA)
Keywords
Where Teachers' Pensions is headquartered
LocationHeadquarters
- HQ city
- Darlington
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Teachers' Pensions business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- 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
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Tiered contribution rates based on annual salary |
Distribution channels6 records
Marketing channels6 records
Teachers' Pensions product offering
Product offeringCore 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
Companies that use Teachers' Pensions
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles2 records
Teachers' Pensions technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Teachers' Pensions partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- Department for EducationcoreThe 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)coreHMRC 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 TreasurycoreHM 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)coreThe 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
Teachers' Pensions competitors and assessment
Company assessmentDirect 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
Teachers' Pensions social profiles
Digital presenceTeachers' Pensions compliance and trust
Trust signalCompliance1 record
Teachers' Pensions financial estimates
Financial estimateRevenue estimate
Valuation estimate
Teachers' Pensions leadership team
Management profileNumber of profiles
Teachers' Pensions funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Teachers' Pensions M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Teachers' Pensions
What does Teachers' Pensions do?
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.
Is Teachers' Pensions a public or private company?
Teachers' Pensions is a private company. It is classified as state government owned and is currently operating.
When was Teachers' Pensions founded?
Teachers' Pensions was founded in -1. It employs 11 to 50 people.
Where is Teachers' Pensions based?
Teachers' Pensions is headquartered in Darlington, United Kingdom, in the Europe region.
How does Teachers' Pensions make money?
One revenue line is on record: pension Contributions.
Who are Teachers' Pensions's main competitors?
Direct peers on record are NHS Pension Scheme (NHS Business Services Authority), Scottish Public Pensions Agency (SPPA), Civil Service Pension Scheme (MyCSP), Universities Superannuation Scheme (USS), Local Government Pension Scheme (LGPS), Police Pension Scheme and Armed Forces Pension Scheme. Broad incumbents are XPS Pensions Group and Capita Pension Solutions. Aon UK Pensions is listed as an others.
Does Teachers' Pensions have an API?
No public API is recorded for Teachers' Pensions.
What industry is Teachers' Pensions in?
Teachers' Pensions's product category is Public Sector Pensions Administration. Its primary akta.pro industry code is BPAIAKAA, Pensions & Retirement Benefits Administration. Its NAICS code is 525110.