Standard Life, part of Phoenix Group, has unveiled plans to broaden its workplace savings proposition to employers by offering access to a range of wider savings and investment options in partnership with Cushon1.

Cushon, a fintech and award-winning provider of workplace savings products including ISAs, is known for its cutting-edge financial technology, mobile app, and comprehensive product offering.

The Standard Life Workplace Savings Proposition in partnership with Cushon will provide employers with the option of offering their employees access to a range of savings options from Individual Savings Account (ISA) and Lifetime ISA (LISA) to Junior ISA (JISA) and a General Investment Account (GIA).

Reflecting Standard Life’s sustainability strategy and commitments, the workplace individual savings account (WISA) will offer a range of readymade portfolios as well as over 1,000 individual funds from 90 fund managers, with Environmental Social Governance focused options for employees to choose from.

Gail Izat, Workplace Managing Director at Standard Life said: “Developing and launching a workplace ISA for our award-winning DC pensions and savings proposition means that we can provide even greater flexibility for members to save for their short, medium and long-term financial goals. Collaborating with Cushon is an important step in our development roadmap to provide our members with access to wider savings and promote greater financial wellbeing. As a leading provider in this market we will continue to use partnerships to develop compelling solutions for our members.”

The digitally-led Cushon products will fully integrate with the Standard Life Workplace member portal and other widely-used employee benefit platforms, including Lifelens. A key feature of the proposition is the digital experience for members, who will benefit from single sign-on access to their Cushon portal as well as having their ISA saving valuations displayed in the Standard Life dashboard and app. This single holistic view of savings can help members make informed decisions about their finances.

With a focus on enhanced customer journeys, Standard Life and Cushon will provide co-branded employee communications. In addition, members will have access to Cushon support materials including webinars and seminars, and a dedicated microsite.

Ben Pollard, CEO and co-founder of Cushon, said: “As a fintech, we use our best-in-class technology to improve the savings habits of UK employees and help them achieve a better financial future. Strategic partnerships are a great way of extending our reach, so we’re really excited to be partnering with Standard Life to bring our digital savings journey and range of products to their customers.

“We believe that the workplace is the right environment to get employees saving for both their long term and short-term needs and so it’s been great to collaborate and deliver a great end to end digital solution where Standard Life customers can easily view and manage their pensions and savings all in one place.”

Towards the end of last year Phoenix Group announced its intention to make significant investments in the recently acquired Standard Life brand and highlighted the importance of the growing workplace market to the organisation.

The Standard Life Workplace Savings Proposition in partnership with Cushon will launch in March 2022 and strengthen Standard Life’s comprehensive Workplace offering which serves circa 35,000 employers and 1.8 million members across a combination of contract, master trust and own trust schemes.



Sarah Muir
07870 537937
Jonathan Henderson
Standard Life
07716 090707

Notes to editors

1. The Standard Life Workplace Savings Proposition is provided by Cushon Money Limited, who is the ISA Plan Manager. Cushon Money Limited is responsible for all regulatory and legal aspects of the ISAs and provision of all customer services.

About Standard Life 
Standard Life is a brand that has been trusted to look after peoples’ life savings for nearly 200 years 
Today it proudly serves millions of customers who come to Standard Life directly, through advisers and through their employers’ pension scheme.
Standard Life is part of the Phoenix Group, the largest long-term savings and retirement business in the UK. We’re proud to be building on nearly 200 years of Standard Life heritage together
Our products include a variety of Pensions, Bonds and Retirement options to suit people’s needs, helping our customers to invest and save for their future. We’re proud to offer a leading range of sustainable and responsible investment options.
We support our customers on their journey to and through retirement with comprehensive, easy-to-understand guidance so they can invest in the right way for their needs, and plan a future they feel confident about.
The value of investments can go down as well as up, and may be worth less than originally invested. 

About Cushon

Cushon is a fintech using its world-leading financial technology to engage savers and empower them to build a better financial future.

Cushon offers a range of investment & savings products via an intuitive mobile app that provides a highly personalised experience and environmentally friendly investments, making it easy for customers to manage their money and invest in a way that aligns with their personal goals and beliefs.

With a solution that fully integrates with payroll and benefit platforms, Cushon's products are delivered via the workplace to reach as many savers as possible. Employers use Cushon to enhance the financial wellbeing of their workforce by providing employees with a simple and convenient way to save into ISAs and General Investments products direct from pay from as little as £10 a month.

Cushon Group has over 400,000 customers with £1.7bn of assets under management. Its corporate clients include 250 well known blue-chip companies including many of the FTSE 100, plus over 23,000 smaller employers across the UK.*

*pending FCA approval of the acquisition of Creative Pension Trust

To find out more please visit


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