Pensions for Purpose is Real Living Wage and Living Pension accredited!

As we observe Living Wage Week, Pensions for Purpose has some exciting news about our commitment to positive social impact.

Only members with restricted access (ie. academics, asset owners, government and regulatory, independent advisers/trustees and sponsoring employers) can view this article. Please login or join to view.

...
...

Charlotte O'Leary, our CEO, is delighted to announce we have secured accreditation as a Real Living Wage and a Living Pension Employer. This dual accreditation reflects our professional commitment to driving positive impact across the pension sector, and also our dedication to implementing these principles within our organisation. 

This recognition adds to our existing B Corp certification, creating a powerful trifecta that reflects our comprehensive commitment to responsible business practices. While B Corp certification demonstrates our overall dedication to balancing profit and purpose, these new accreditations specifically recognise our commitment to fair compensation and employee financial security. 

What this means in practice:

  • Above-market wages reflecting true living costs.
  • We provide pension contributions of at least 12% of earnings for all employees.
  • We're addressing immediate financial well-being and long-term retirement security.

As a profit-for-purpose organisation and B Corp, we believe it's crucial to demonstrate leadership in fair employment practices. The Living Pension standard, a new voluntary initiative from the Living Wage Foundation, is particularly significant as it provides a framework for ensuring workers can save adequately for retirement.

Research by the Resolution Foundation has highlighted that many UK employees are not saving enough to maintain a decent standard of living in retirement. Through these accreditations, we're taking steps to address this challenge within our team.

We hope this announcement during Living Wage Week inspires other organisations in our sector to consider similar commitments. If you'd like to learn more about becoming a Living Wage or Living Pension employer, or discuss how these standards align with impact investing principles, please don't hesitate to contact us.

Find out more about The Living Wage and Living Pension Employer accreditation: at the Living Wage Foundation.

Read the press release