Travis Perkins plc unveils plans to improve financial wellbeing for 19,000 colleagues

Commsave credit union has welcomed Travis Perkins plc, the UK’s largest distributor of building materials, as its newest corporate Partner.

Travis Perkins plc, whose headquarters are in Northampton, employs 19,000 colleagues across the UK. It already offers a comprehensive benefits package and by partnering with Commsave the company is pledging to further improve its team’s financial wellbeing.

Commsave is a not-for-profit member-owned financial co-operative credit union based in Northampton. Its Commsave Partners scheme is a financial wellbeing staff benefits package. It is free for Northamptonshire employers and is designed to help organisations stand out from the crowd so they can recruit and retain the very best.

Paul Williams, Head of Financial Wellbeing at Travis Perkins, said: “With cost-of-living pressures continuing to bite, the financial wellbeing benefits we offer are there to make sure our colleagues’ incomes go further, and to help ensure we attract and retain the best talent.

“This new partnership with Commsave gives colleagues access to more sustainable and affordable loans and savings options and helps to build their financial resilience by developing their credit rating from day one. We have found in Commsave a credit union whose core objective is 'people helping people' which aligns well with our own values and purpose to build better communities.”

Commsave Credit Union is a not-for-profit financial co-operative whose vision is ‘to see a world in which everyone is financially included, has access to responsible credit, a safe method of saving, and the financial skills to manage money wisely and achieve long-term wellbeing.’

Dominic Masterson, CEO of Commsave, explained: “We are delighted to be partnering with the Travis Perkins Group, a leading company in the UK’s construction industry. More than 300 Travis Perkins staff have already signed up to become Commsave members and are saving directly from their pay. We have delivered workshops to staff and are now designing a package of financial wellbeing support tailored to suit this company’s needs and feedback. A warm welcome to Travis Perkins plc – we are proud to be supporting this innovative, impressive company.”

The Commsave Partners package includes access to a host of financial education workshops, webinars and support. Commsave has a number of tools to support employees with budgeting and financial literacy, plus a new Commsave Educates app packed with money management tips and advice.

Commsave’s new website will be live in October and will include a dedicated Partners portal, including promotional materials and information about Commsave Partner organisations.

Interested in finding out more? Contact Commsave’s Business Development Manager Trudi Brown. Call 01604 973992 or email trudi [email protected].