“A huge priority for us is employee engagement and in the last few years we have done an awful lot of work in relation to wellness, including financial wellness,” she explains.
Director of people and culture at Siro, Blanaid O’Regan pictured here with plan and design engineer, Dmytro Udovenko and CTO, Suzanne Tracy in the broadband wholesaler’s headquarters in D18Siro introduce its defined contribution occupational pension scheme on Day One with both Siro and employees contributing.
Blanaid O’Regan is proud of the company’s low turnover of staff – its pension plan is one of the key reasons staff stayWhen Siro was set up, its management invited the country’s top pension providers to pitch to them. Zurich won. “It made a really great presentation and had a really compelling offer, so it wasn’t hard to go with them,” she recalls.
“They have one to one conversations with people coming to the end of their career, and help new people who want to bring their pension from previous jobs. In the tech sector people move around a lot, often ending up with pensions all over the place. They need help sweeping them up. Zurich will advise them if it’s better to leave them where they are. They will always act in the best interest of the employee.
All trustee duties are carried out by ZMIT, which means Siro won’t need to appoint its own trustee boards to manage associated governance and compliance requirements.Zurich’s team meets with the managers of Siro’s pension scheme, including Blanaid, twice a year, to brief them about investment performance.
“Our pension fund is the only investment we make as a company, so it’s important to know it is being done properly.”