About the Living Wage Foundation and the Living Pension

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Living Wage Foundation
Living Wage Foundation

The Living Wage Foundation is at the heart of the independent movement of businesses, organisations and people who believe workers should be paid a real Living Wage that meets basic everyday needs.  And those needs don’t end with retirement. Previous research completed by the Resolution Foundation found that 4 in 5 workers saving into defined contribution schemes (16 million workers) were not saving at levels likely to meet basic everyday living costs in retirement. Only 1 in 20 low-paid workers are saving enough.

We developed the Living Pension as a voluntary accreditation for Living Wage Employers to help workers build up a pension pot that meets basic everyday living costs in retirement.

The Living Pension launched in March 2023. There are now over 30 accredited Living Pension Employers.

The Living Pension is funded by abrdn Financial Fairness Trust.

What about the Government’s auto-enrolment pension?  

The introduction of auto-enrolment has seen more workers saving for retirement.  But, research by the Resolution Foundation shows that the government’s minimum levels are not enough to meet basic everyday needs in retirement. 

Under automatic enrolment, a Living Wage employee working 37.5 hours per week would be £1,427 a year short of what research shows us workers need to be saving.