Legal Counsel - Distribution Legal (Pensions)

About the Opportunity

Job Type: Permanent

Application Deadline: 29 November 2026

Purpose of the Role

The Legal Counsel will act as a legal adviser to the UK pensions business, with primary responsibility for providing legal and regulatory support on UK occupational pension schemes, workplace savings arrangements, trustee and employer matters, member communications and related commercial agreements.

There will also be the opportunity to advise on Fidelity’s personal investing business, including advising on legislative changes, day-to-day queries relating to individual customers and stock plan services.

The role requires a lawyer with approximately 2–3 years’ PQE, UK pensions law expertise and the judgement to advise stakeholders on legal, regulatory and commercial issues.

Key Responsibilities

• Provide legal support on UK pension scheme and workplace savings matters, including scheme governance, trustee and employer issues, member communications, regulatory change and related product and service arrangements. Provide legal support on Fidelity’s personal investing business, including advising on changes to terms and conditions, legislative changes and legal queries relating to individual customers.
• Draft, review and negotiate legal documentation, escalating issues where required, including client agreements, participation agreements, fee agreements, pension documentation, outsourcing arrangements and investment services contracts.
• Advise business stakeholders on UK pensions law and regulation, translating legal analysis into clear, practical and commercially focused recommendations.
• Support new business initiatives, product development and strategic projects by identifying legal risks, proposing mitigants and enabling commercially robust execution.
• Advise on data protection, confidentiality, governance and regulatory disclosure matters in collaboration with Compliance, Risk and operational teams.
• Maintain and enhance legal policies, templates and playbooks for the UK pensions business.

Experience and Qualifications Required

• Qualified lawyer with approximately 2–3 years’ PQE.
• Practical experience in UK pensions law is essential, ideally gained in a law firm, asset manager, pension provider, insurer, trustee adviser or another regulated financial services environment.
• Understanding of UK occupational pension schemes, workplace savings arrangements, pensions regulation and related governance requirements.
• Proven ability to negotiate commercial and client-facing agreements.
• Sound judgement, commercial awareness and the confidence to advise business stakeholders clearly and pragmatically.
• Excellent drafting, analytical and communication skills, with strong attention to detail and the ability to prioritise effectively.
• Fluency in English is required.