County Insurance Services becomes the UK’s 50th Living Pension employer

The Living Pension is a new Living Wage Foundation accreditation for employers who want to help workers boost their pension pots.

The Living Pension is a voluntary savings target for employers who want to help workers build up a pension pot that will provide enough income to meet basic everyday needs in retirement. The Living Pension savings target is 12% of a full time Living Wage worker’s salary, made up of a minimum 7% employer contribution. This builds on auto-enrolment and a minimum contribution level set by the government.

Tim Sydenham, Managing Director at County, said: “It made complete sense to become a Living Pension provider alongside our Living Wage accreditation. As a population we don’t spend enough time retirement planning or thinking about investing for our futures; this is a step towards solving that problem.”

He added: “Our staff are our biggest asset and this extra help into the pensions reflects our commitment to them and their future financial security”

Katherine Chapman, Director of the Living Wage Foundation, said:

“We are delighted that County has signed up as a Living Pension employer, providing stability and security for their workers now and in the future. Over the last ten years the Living Wage campaign has grown in strength and numbers. Now paid by over 14,000 employers, it delivers essential pay rises to 460,000 workers every year. The Living Pension builds on this by encouraging employers like County to do more to help their workers build a pension pot that meets basic everyday needs in retirement.”