Legal & General is accredited as a living wage employer.
09 May 2013
Legal & General is proud to announce that they have joined a number of major employers to become an accredited Living Wage employer.
Fair Trade is often seen as something that only happens outside the UK, particularly in developing countries. Yet earning a salary that people can actually live on in the UK really matters, so working with the Union Unite, Legal & General has joined a growing number of major employers looking to do the right thing in this area by becoming an accredited Living Wage employer.
As an employer of over 7,400 employees in the UK, Legal & General has for many years paid Living Wage levels or better to our directly employed staff.
Introduced in April 2013, Legal & General now pay a living wage to those people who work to keep their offices running smoothly. This means that around 120 of different on-site contractors will now be paid in line with this standard, which is set at a level up to 38% above the government's national minimum wage.
Legal & General have worked with the Living Wage Foundation, ShareAction and Citizens UK who have helped and supported them to achieve this.
Elaine Maclean, Group HR Director, Legal & General said, " It was important that we had actually paid people their first month's salary at the new rate before we signed up. There has been lots of work behind the scenes to ensure that there is fair treatment for the people working every day in our offices providing essential services such as security, catering and cleaning."
Louise Rouse, ShareAction said," We are delighted that Legal & General has become a Living Wage employer. This is a decision, which will make a real difference to the lives of low paid workers. As both an employer and one of the country's major investors, Legal & General's actions can help promote the adoption of Living Wage standards across the FTSE 100."
Pam Edwards Unite National Secretary at Legal & General said, " Unite are pleased that Legal & General have become a living wage accredited company. We believe that not only does it improve on the quality of work produced and assists with recruitment and retention but it also allows our colleagues to feel valued in their roles, whilst creating pride that we work for an ethical organisation."
Notes to editors
About Legal & General
The Legal & General Group, established in 1836, is one of the UK's leading financial services companies. As at 31 December 2012, we were responsible for investing £413 billion worldwide on behalf of investors, policyholders and shareholders. We also had over seven million customers in the UK for our life assurance, pensions, investments and general insurance plans.
The information contained in this release is intended solely for journalists and should not be used by consumers to make financial decisions.
Legal & General Insurance Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Legal & General Distribution Services Limited is authorised and regulated by the Financial Conduct Authority.Registered in England No 8083925. Registered Office: One Coleman Street, London EC2R 5AA.
- More about the Living Wage
- The Living Wage rates are £8.55 an hour in London and £7.45 an hour in the rest of the UK
- Living Wage is 38% higher than the National Minimum Wage levels in London and 19% higher for the rest of the UK and recognises the true cost of living in tighter times
- Legal & General have made an ongoing commitment as a company and the Mayor of London's office and the Living Wage Foundation will review this each November to ensure we are meeting the criteria for the accreditation of Living Wage Employer
- You can read more about the Living Wage Campaign here www.livingwage.org/our-work
For more information please contact:
PR Manager, Legal & General Group
t: +44 (0) 20 3124 2092
m: +44 (0) 7764 582574