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Pelion Becomes Living Pension Employer

June 19, 2024 — 3 min read

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The Living Pension is a new Living Wage Foundation accreditation for employers who want to help workers boost their pension pots

Pelion has today accredited as a Living Pension Employer. As an early adopter of Living Pension, their commitment will see everyone working at Pelion receive a contribution of 12%.

Founded as one of the first IoT-focused MVNOs as Stream Technologies in 2000, Pelion now boasts more than 500 enterprise clients across a wide range of industries. With a proven track record of being first to market with technologies such as LPWAN, eSIM and 5G, Pelion have always been at the heart of IoT connectivity providing customers with what they need most.

Today, Pelion is where established means robust, intentional, and well-connected. By design.

The Living Pension is a voluntary savings target for employers who want to help workers, especially those on low pay, build up a pension pot that will provide enough income to meet basic everyday needs in retirement. It launched in March 2023.

The Living Pension savings target is 12% of a full time Living Wage worker’s salary, made up of a minimum 7% employer contribution. This builds on auto-enrolment, and a minimum contribution level set by the government. Through auto-enrolment, employers must contribute at least 3%, and workers pay the remaining 5%. The Living Pension savings target can also be met as a cash amount of £2,800 a year. The employer contributes at least £1,630 to this cash amount.

Sarah Moore, Head of Talent at Pelion, said “"At Pelion, we believe in securing the future well-being of our employees. Being a Living Pension Employer reflects our commitment to providing a stable and prosperous retirement for our team. It's an investment in our most important asset: our people”

Jenny Cottee, an employee of Pelion who has moved onto Living Pension, said “I appreciate working at a company that is a Living Pension Employer because it reflects a commitment to my long-term financial security. It's reassuring to know that the company values and invests in the future well-being of its employees."

Katherine Chapman, Director of the Living Wage Foundation, said:

“We are delighted that Pelion as signed up as a Living Pension employer, providing stability and security for their workers now and in the future. 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 Pelion to do more to help their workers build a pension pot that meets basic everyday needs in retirement.”