Age UK launches CushonBoost to help improve the financial wellbeing of their employees

Age UK is the country’s ‘leading charity dedicated to helping older people most in need’. We (Cushon) have partnered with Age UK as their workplace savings provider, launching with CushonBoost, an introductory offer in the first year to increase engagement. As an added employee benefit, we will help their employees save for all life events and to improve their financial wellbeing.  

This partnership allows their employees to make contributions through payroll, making the process of saving and investing easy and accessible for everyone. They can save towards the goals that are important to them – a deposit for a first home, furthering education or, building up a rainy-day fund to make sure they’re resilient to life’s unexpected financial events. 

Employees will have full flexibility to change their level of contribution at any time via Cushon’s app, that will take them on a simple, interactive journey to save, set targets and keep track of their money as it grows. 

CushonBoost is a financial reward bonus paid by the employer into an employee’s ISA, used to drive up overall employee engagement, support a compelling recruitment proposition and promote employee retention. Employees will need to contribute a minimum of £10 a month to a saving option including: Investment ISA, Lifetime ISA, Junior ISA or General Investment Account, and after six months of saving Age UK will contribute a £50 boost in the first year. 

Ben Pollard, CEO and Founder of Cushon said:  

“We’re excited to launch CushonBoost with Age UK, as their workplace savings provider. This will help promote greater financial wellbeing for their employees and improve engagement levels. Welcome onboard!” 

Donna Marshall, Acting HR Director of Age UK said:  

“We're delighted to be partnering with Cushon to provide Age UK staff with this new opportunity to save. As an older people's charity we know how important it is to save, but also how difficult it can be, especially at a time when prices are rising. We hope colleagues will find the scheme helpful and we are pleased be making a contribution as an employer, to help things along."