Department Stores

M&S expands workplace benefits with Cushon partnership

The partnership will include an inclusive range of saving options from an Individual Savings Account (ISA) and Lifetime ISA (LISA) to a Junior ISA (JISA) and a General Investment Account (GIA)

Marks and Spencer has announced a partnership with Cushon as its workplace savings provider to expand upon its existing financial benefits package and “help its employees become more financially resilient”.

For Marks and Spencer’s 65,000 employees, the partnership will include an inclusive range of saving options from an Individual Savings Account (ISA) and Lifetime ISA (LISA) to a Junior ISA (JISA) and a General Investment Account (GIA).

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

Ben Pollard, CEO and founder, Cushon, added: “We’re really excited to be working with Marks and 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. Cushon’s app allows employees to keep track of their money in an accessible way so that they can reach their saving goals”.

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