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1st March 2024: Ahead of the one-year anniversary of the introduction of the Living Pension, Isio, one of the UK’s largest pensions, wealth and investment advisory businesses, has achieved formal accreditation as a Living Pension employer. As an early adopter, Isio is the first pensions consultancy to achieve the accreditation.  

The Living Pension was introduced in March 2023 as a voluntary savings target for employers who want to help workers build up a pension pot. Isio was involved throughout the development of the new minimum standard, initially through a role on the steering group.  

During the Living Pension pilot, Isio worked with an employer to look at their existing contribution structure and identified that that under these arrangements, many weren’t saving at a level which would provide an adequate income in retirement. By working with the employer, Isio helped them focus their spend on the lower earners to make sure all employees would save at a more appropriate level, within the employer’s budget. 

The Living Pension accreditation is part of Isio’s commitment to delivering better outcomes for its people, clients, and wider society.  Four years on from launch, its success has been built on a culture of doing things differently and offering interesting work and excellent career opportunities for its people.  

Isio is continuing to work with its clients more widely, to advise employers in offering a holistic approach to reward and benefit. This includes supporting them in integrating the Living Pension into its client’s wider reward and benefit package.  

Andrew Coles, Chief Executive at Isio, said: “At Isio, a core purpose is to deliver financial confidence to create better outcomes for our people, clients and society. Championing the Living Pension standard does exactly that. We are passionate about ensuring that people can retire with an income that provides a better standard of living and have support to make informed choices alongside this. So we’re proud to be able to have external accreditation of for our own people and to support the wider initiative to encourage other employers to adopt the standard.” 

Katherine Chapman, Director of the Living Wage Foundation, said:“We are delighted that Isio has signed up as a Living Pension employer. Isio has been a champion of the Living Pension since day one and continue to be integral to its success. They provided invaluable expertise during the development of the scheme and now assist their clients in implementing the standard and becoming Living Pension Employers. 

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 Isio to do more to help their workers build a pension pot that means they can live decent lives in retirement. The movement for a Living Pension is gathering pace, with over 30 employers now signed up.”