24 July 2023
Cartwright, the pension specialist for defined benefit and hybrid schemes, has given each staff member a one-off cost of living payment of up to £2,000 in addition to their salary, profit share and other performance related bonuses.
This comes as the Office for National Statistics (ONS) reported food inflation at 18.4% in May.
This extra financial support builds on the approach that the company took last summer when Cartwright were one of the first in the sector to provide cost of living support. Last year, all staff received £1,000 to help ease the financial impact.
Ian Cartwright, founder and Chairman of Cartwright Group, said: “I think everyone hoped the significant pressure on individuals and families due to the crisis would have eased since last year. However, cost of living pressures during the first half of 2023 led us to take yet more action to help support our staff.”
Robin Pearce, Operations Director at Cartwright Group, added: “It’s our people that make our business a success and these are challenging times for all of us. We are deeply proud of their commitment and the supportive culture we have all fostered here at Cartwright. Therefore, it’s vital we continue to support our colleagues if and where we can.”
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