Marks & Spencer and Cushon announce employee benefits partnership

Marks & Spencer has partnered with Cushon as its workplace savings provider to expand upon its existing financial benefits package and help their employees become more financially resilient. 

Marks & Spencer’s 65,000 employees will benefit from 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). This partnership allows employees to make contributions through payroll from as little as £10 a month, making the process of saving and investing easy and accessible for everyone. 

Employees will have full flexibility to change their level of contribution at any time via Cushon’s app, that will take them on a simple, interactive journey to save, set targets and keep track of their money as it grows. 

Employees can also select CushonMix, risk-based ready-made portfolios that use Cushon’s unique algorithm to spread investments across a range of funds with the best projected outcome.  

Nicola Morgan, head of pensions and benefits, Marks & 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 said: “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 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”.