M&S expands employee benefits through Cushon partnership

M&S has partnered with financial technology company Cushon as its workplace savings provider, expanding upon its existing benefits package to help employees become more financially resilient.

The retailer’s employees can make contributions through payroll to a range of saving options from as little as £10 a month.

The range of saving options include Individual Savings Account (ISA), Lifetime ISA (LISA), Junior ISA (JISA) and a General Investment Account (GIA).

Employees will have the flexibility to change their level of contribution at any time via Cushon’s app.

READ MORE: M&S Food leader Stuart Machin to become CEO

“We’re delighted and excited to be partnering with Cushon as part of the ongoing evolution of our financial wellness support to our colleagues,” M&S head of pensions and benefits Nicola Morgan said.

Cushion founder and chief executive Ben Pollard added: “We’re really excited to be working with Marks & Spencer to launch our workplace savings proposition to their employees.”

“They already have a great financial benefits package in place which is now further enhanced with a direct from pay savings option.

“Saving directly from payroll is an ideal way for employers to support their teams to become more financially resilient.

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