SSE has been accredited as a Living Pension Employer and urged other businesses to join them if they are able to.

The certification means that the electricity infrastructure company is now one of the first companies in the UK to have gained status in all the Living Wage schemes, covering pensions, hours and wages. from the Living Wage Foundation.

Launched in March 2023, The Living Pension accreditation is given to companies who focus on helping workers on low pay to build larger pension pots.

The Living Pension savings target is 12 per cent of a full-time "Living Wage" worker’s salary (based on a wage of £13.15 in London and £12 an hour in the rest of the UK), of which the employer pays in at least 7 per cent.

The Living Pension savings target can also be implemented as a cash amount of £2,550 a year, with the employer contributes at least £1,488 to this cash amount.

SSE head of pensions Frazer Thompson said the Living Pension accreditation recognises that the company's current pension provision will support its employees in saving for a decent level of income in retirement.

"We’re working to make it as easy as possible for colleagues to save," he continued.

"We would encourage every employer that can to join the scheme, as well as the Living Wage and Living Hours, to ensure their workforce has a decent level of income both in employment and later in life.”

Adding to this, Living Wage Foundation director Katherine Chapman said the SSE would now be able to provide "stability and security for their workers" with the certification.

“Over the last ten years, the Living Wage campaign has grown in strength and numbers. Now paid by over 12,500 employers, it delivers essential pay rises to 430,000 workers annually," she continued.

"The Living Pension builds on this by encouraging employers like SSE to do more to help their workers build a pension pot that meets basic everyday needs in retirement.”

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