Boost employee well-being with our Workplace Savings scheme

In today’s fast-paced world, financial stress is a growing concern for many employees. We offer a simple yet impactful solution: our Workplace Savings scheme. This initiative allows employees to save directly from their salary, post-tax and other deductions, into a dedicated Marsden savings account, helping them build financial resilience with ease.

No cost to employers

Employers can offer this scheme at no cost, positioning themselves as forward-thinking and supportive of employee well-being. With savings deducted before wages are paid, employees are more likely to develop healthy financial habits - saving before spending.

The need for such a scheme is clear. Research from the Money and Pensions Service reveals that 17% of UK adults have no savings, and 26% have less than £100^{^}. A Resolution Foundation study found that individuals with under £1,000 in savings are nearly three times more likely to report poor mental health^{^^}. By encouraging regular saving, employers can help reduce financial anxiety and promote a happier, healthier workforce.

Easy for employees to access

Our Workplace Savings scheme is designed to be accessible. Accounts can be opened with just £1, and monthly contributions start at £5, removing barriers and making it easy to start small. With over 165 years of experience and a strong community focus, we offer a secure and trusted home for your employees’ savings.

Interested in making a difference? We can guide you through the process in just 30 minutes. Email wpsavings@themarsden.co.uk to learn more or book a meeting.

Let’s build something better, together.

^{^ Money and Pensions Service Research - November 2022}

^{^^ M Broome, I Mulheirn & S Pittaway, Precautionary tales: Tackling the problem of low saving among UK households, Resolution Foundation - February 2024}