Moneysupermarket Group signs up to voluntary living wage

Moneysupermarket offices
Image credit: Jefferson Smith

Price comparison organisation Moneysupermarket Group has been accredited by the Living Wage Foundation for paying all colleagues and regular contracted staff at or above the voluntary living wage.

New rates for the voluntary living wage were announced on 5 November, set at £9.00 an hour for employees working across the UK, and £10.55 an hour for those working in London.

Moneysupermarket Group says the new levels of pay will be received by everyone who works for the organisation, in addition to contractors, temporary staff and regular third-party suppliers. Moneysupermarket Group currently employs approximately 800 people in its offices in London, Ewloe and Manchester.

Caoimhe Keogan, chief people officer at Moneysupermarket, said: “Our purpose as a business is to help households make the most of their money and we know that money is tight for many families.

“Being an accredited [voluntary] living wage employer was therefore an important decision for Moneysupermarket to take and something that our colleagues and suppliers have very much welcomed.”

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Voluntary living wage rates exceed the government’s national living wage, which is the statutory minimum paid to employees aged 25 and over, currently set at £7.83 an hour and due to increase to £8.21 from April 2019, in line with the Autumn Budget 2018.

Tess Lanning, director of the Living Wage Foundation, said: “We’re delighted that Moneysupermarket Group has committed to pay the living wage. They are a perfect example of how responsible businesses across the UK are voluntarily signing up to pay the real living wage.”