Fidelity Ireland careers: better benefits, smarter pensions, and more reasons to apply

Here are just a few Fidelity Ireland benefits that stand out next to other firms:

1. Competitive pension benefit with no required employee contribution that increases as you age and as your tenure increases
2. Fully paid comprehensive medical coverage for you and your dependents
3. 25 days of paid time off per year minimum
4. €7,000 for tuition reimbursement per year

“Our benefits package is quite complete and generous”, said Richard, senior investment manager. “We are committed to providing employees with a comprehensive, competitive and, in some cases, market-leading benefits package”, said Ger, director for compensation and benefits. 

In the hustle and bustle of applying for jobs, it’s easy to overlook exceptional benefits. “The benefits package covers so much, I don’t think it’s obvious upfront how good it is”, said Phyllis, squad lead. “People are pleasantly surprised once they start”.

Why total compensation matters more than salary alone

Your base salary is a critical component of your total package, but, too often, candidates focus only on that element. “If you’re solely focused on the salary, you might not have the whole picture,” said Richard. 

When you look at the total package, you should examine how your salary and your benefits support you long-term:

• Savings and financial security
• Health and well-being
• Career-development opportunities
• Tax advantages

“You need to look at the full package for your financial security. Understanding and appreciating the various elements of the full package that is offered by Fidelity and knowing that you can avail yourself of certain benefits in a time of need gives you and your family more reassurance,” said Ger. Focusing only on the salary is like seeing 70% of a film — that last 30% provides essential context you don’t want to miss.

How Fidelity Ireland designs market-leading compensation packages

“We continually review our benefits to ensure that they're relevant for our employees and in line with the marketplace”, said Ger. Here's a simplified look at how we do our annual reviews of employee benefits:

• Benchmark against benefits data collated, reviewed and validated by independent third-party market data providers.
• Gather insights from recruiters and human resources teams.
• Solicit ad hoc and formalized employee feedback.
• Collate the data and make needed changes to our benefits package.

We aim to create a benefits package that is comprehensive and market-competitive and meets our employees’ needs, depending on their stage in life. Our philosophy is rooted in helping employees develop financial security both here and now and in the future.

What wealth and savings employee benefits does Fidelity Ireland offer?

As a financial firm, Fidelity Ireland strives to help our clients and employees develop financial security. That’s why we offer industry-leading wealth and savings employee benefits, which include a pension, life assurance, an income protection scheme, and other perks. Learn more about pensions in Ireland from the Pensions Authority.

Fidelity Ireland’s pension: How our fully funded, flexible benefit works

What it is: Fidelity Ireland fully funds employees’ pension plans — and employees are not required to contribute. 

• All employees are automatically enrolled in the pension plan on their start date.
• Fidelity Ireland contributes to employees’ pension funds, with contribution rates based on age. These rates increase over time as the employees age and as their tenure at the firm grows.
• We designed this benefit to help employees maximise their retirement savings and leverage compound interest to their advantage.

Why it matters:

• This market-leading benefit is different from most other global finance and technology firms, which typically only contribute through a match.
• Pensions offer a significant benefit that guarantees employees can secure their financial futures without uncertainty.
• At Fidelity Ireland employee contributions are voluntary, which empowers employees to make the financial choices that are best for their life circumstances.
• Contributing to your pension also reduces your taxable income — a bonus on an already great benefit.

What employees say about Fidelity Ireland’s pension benefits:

Ger: 

• “We make it as easy as possible for employees to contribute to their pension because we believe it’s important to plan for retirement. They can increase or decrease their contributions throughout the year”.

Phyllis:

• “Fidelity will contribute a sizable percentage on your behalf without you having to contribute. I would say that’s unique”.
• “The pension plan exceeds other companies because employees aren’t required to contribute themselves. For somebody starting out earlier in their career, you can spend your money how you need”.
• “The closer you get to retirement, the more you want to put into it. You want to double down on that investment to bump up the numbers”.

Richard:

• “Maximise your pension because it’s the highest guaranteed return on your investments that you’re going to get up front. You’ll have higher amounts of capital that could compound over time”.

Life assurance and income protection scheme: protection when you need it most

The life assurance and income protection scheme benefits are two less talked about, but nevertheless vital, employee benefits. Here’s what each one is and why it matters.

Life assurance: beneficiaries get up to 10 times your base salary in a lump sum

What it is: A benefit that provides your beneficiaries with a lump sum plus the total value of your retirement account if you pass away while employed at Fidelity. There’s no cost to employees for this benefit.

Why it matters: The benefit provides a financial safety net and peace of mind for your loved ones. 

What employees say about it:

• Ger: “This is one of the most critical benefits we offer at a time of great need for your beneficiaries. At a very difficult time, it gives them financial security to meet their day-to-day obligations and maintain their lifestyle. There’s no cost to the employee to have this benefit”.
• Phyllis: “It’s extra peace of mind. It would be hard for any family to go from two incomes to one. It’s really nice for Fidelity Ireland to offer this”.

Income protection scheme benefit: support during long-term illness

What is it: In the event of an illness that lasts longer than 26 weeks, you can get paid up to two-thirds of your base salary minus the amount the State pays towards your disability benefit for a single person.

Why it matters: Illness can happen at any time to anyone. This Fidelity Ireland benefit gives employees the financial protection they need at a time when their focus should be on getting healthy before coming back to work, rather than worrying about day-to-day expenses.

What health and wellness benefits does Fidelity Ireland offer employees?

When you’re a Fidelity Ireland employee, you get fully paid private medical coverage for yourself and eligible dependents, access to our health screening and employee assistance programmes and a €500 annual gift card to spend on health and wellness products or services. Let’s look at some highlights.

Fully paid medical insurance benefit for you and your eligible family

What it is: Fidelity Ireland pays the full cost of private medical insurance for you and eligible dependents.

• Dependents include your partner and children up to 18 years old or up to age 21 who are in full-time education.
• With Fidelity Ireland’s medical coverage, you can recoup healthcare costs.
• You can upgrade your insurance as you need for additional coverage or add on a voluntary dental coverage without waiting periods.
• €200 every two years for annual screenings at an accredited provider of your choice.
• Fidelity Ireland provides employees up to 12 confidential short-term counselling or coaching sessions per year at no cost to you, either in person or on the phone, for mental health, financial, legal and parenting advice.

Why it matters: Private medical insurance could mean faster access to care, more choice in healthcare providers, and more extensive coverage outside the public system.

What Fidelity Ireland employees say:

• Richard: “Our healthcare package at Fidelity Ireland is quite generous. It has added benefits over and above the standard packages. Having health insurance takes a lot of pressure off the entire household. Health insurance is extremely expensive. Fidelity will pay for all eligible family members”.
• Ger: “You can upgrade to another plan with greater coverage for the timeframe you need and then downgrade once you no longer need it. This gives you significant flexibility and financial reassurance in a time of need”.

What work and life benefits does Fidelity Ireland offer to employees?

While this article may seem long, we’ve only just scratched the surface of all the employee benefits Fidelity Ireland offers. We’ll cover two more:

1. Professional development tuition support, up to €7,000 per person per year
2. Paid time off, starting at 25 days per calendar year

Tuition reimbursement: advance your skills without the financial stress

What it is: Reimbursement for a maximum of €7,000 per year to pursue additional qualifications and/or industry accreditations

Why it matters:

• Tuition reimbursement offers financial relief, the chance to grow your skillsets, advance your career and network.
• You can acquire new skills or keep your skills sharp, both of which could help you pursue a new role in the company.

What employees say:

• Ger: “Fidelity focuses on continuous learning and provides opportunities for employees to progress and expand their skills. Tuition reimbursement helps you in your career development and growth within Fidelity”.
• Phyllis: “I completed a post-graduate course in AI, which is a huge area within the industry. Once I was done and got my results, I got reimbursed on my paycheck the next month. It was an easy and straightforward process from the approvals to the reimbursement. It was an amazing bonus that the company covered my tuition”.

Minimum 25 days paid time off: recharge, relax, and recuperate

What it is: Fidelity Ireland gives all employees a minimum of 25 paid days off per year.

• Employees can get an additional five days per year with the Holiday Flex option.

• After 10 years and every 5 after that, employees get an additional five days for that anniversary year.

• Fidelity Ireland offers extensive leave options for parents with pay top-up, including maternity, paternity, and adoptive leave.

Why it matters: Time off is just as important to productivity and well-being as time spent working, and it fosters work/life balance.

What employees say:

• Phyllis: “Most places in Ireland start with around 20 days. At Fidelity, everyone’s base is 25 days off”.

Fidelity Ireland benefits add up to a smarter career choice

You deserve to get a total compensation package that fosters your short- and long-term well-being. When you work at Fidelity Ireland, you get benefits that support you in the present and the future:

• Competitive pension benefit
• Fully paid comprehensive medical coverage
• 25 days of paid time off per year minimum
• €7,000 for tuition reimbursement per year

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