Over 25 UK employers have now signed up to the Living Pension Scheme, committing to help their workers save enough for a decent standard of living in retirement with the Living Wage Foundation’s scheme.

Sackers is the latest employer to commit to the scheme, joining Aviva, Wealthify, Phoenix Group, SSE and Herbert Smith Freehills as an early adopter.

Under the scheme, which launched just under a year ago in March 2023, employers commit to a voluntary savings level using either a cash (£2,800) or percentage (12 per cent) target.

The employer needs to contribute a minimum of 7 per cent, or £1,630, depending on whether they use the cash or percentage target.

Commenting on the growing support for the scheme, Living Wage Foundation director, Katherine Chapman, stated: “We are delighted to have reached the milestone of 25 accredited Living Pension employers less than a year after the scheme was launched.

"Living Pension employers commit to contributing more to workers’ pension pots to help them save enough to live on in retirement.

"We know that current saving levels are inadequate for people to meet basic needs in retirement and for those on low pay tough choices today about heating and eating are made worse by worrying about an uncertain future, unable to plan and save for the years ahead.

"That's why it’s so important that we have a growing movement of employers willing to go further to support their workers by boosting their pension savings. We encourage other employers to follow the example set by our pioneering early adopters and sign up to provide their workers with a Living Pension alongside a real Living Wage.”

Adding to this, Sackers director of HR, Debbie Holmes, stated: “Ensuring effective provision for retirement is at the core of what we do as a specialist pensions law firm, and we believe that everyone should have enough money when they retire to live a secure life.

"Becoming a Living Pension employer felt like a natural next step for us after being accredited as a Living Wage employer in 2021, and we hope lots of other employers are inspired to sign up to this really important initiative to help their workforce save for their future.”

SSE head of pensions, Frazer Thomson, added: “The Living Pension accreditation recognises that our current pension provision for colleagues will support them in saving for a decent level of income in retirement, and we’re working to make it as easy as possible for colleagues to save.

“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 as well as later in life.”

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