Major firms launch new workplace savings scheme to boost financial resilience

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.AllNewsSportCultureLifestyleA new National Coalition for Workplace Savings is set to launch, aiming to bolster UK adults' financial resilience by promoting regular saving through employer-backed schemes. The employer-led coalition represents diverse sectors including retail, hospitality, and the public sector, collectively employing around 400,000 people. Key members include the Co-op, First Bus, Next, Defra, Travelodge, Mitie, and StepChange, which are all working to increase access to workplace savings. These schemes enable employees to build a savings pot by deducting a default amount via payroll into an easy access account, helping to protect against unexpected bills and high-cost debt. Economic Secretary to the Treasury, Rachel Blake, and coalition chair Claire Costello highlighted the importance of the initiative in helping working people build regular savings habits and a financial safety net. In fullCoop, Next and Defra among organisations launching new workplace savings scheme for workersThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

Raccontata daindependent.co.ukcityam.commirror.co.uk