14.2 C
New York
Friday, April 12, 2024

Aviva and Bolt launch versatile pension scheme

Aviva has introduced the launch of a brand new pension scheme for Bolt registered non-public rent car (PHV) drivers.

Bolt has boosted its driver place supply with the launch of a pension scheme with Aviva for all UK-based PHV drivers on its platform.

Open to drivers from 1 Might 2024, the scheme is offered by Aviva and its office pensions enterprise. It’ll additionally see drivers contribute 5% of charges from each accomplished journey into their pension pot and Bolt will add an additional 3% contribution.

In an trade first amongst main UK ride-hailing platforms, Bolt and Aviva have collaborated to take away the qualifying earnings standards usually utilized to employee pensions, which is minimal £120 and most £967 per week.

Moreover, because of this each accomplished journey on registered PHV drivers’ accounts can be eligible for the 8% pension contribution, no matter how a lot they use the platform.

As well as, drivers have the choice to put money into a Sharia fund.

Entry probably the most complete Firm Profiles
available on the market, powered by GlobalData. Save hours of analysis. Achieve aggressive edge.

Firm Profile – free


Your obtain electronic mail will arrive shortly

We’re assured in regards to the
high quality of our Firm Profiles. Nevertheless, we would like you to take advantage of
choice for your online business, so we provide a free pattern that you could obtain by
submitting the beneath kind

By GlobalData

Go to our Privateness Coverage for extra details about our providers, how we could use, course of and share your private information, together with info of your rights in respect of your private information and how one can unsubscribe from future advertising communications. Our providers are supposed for company subscribers and also you warrant that the e-mail deal with submitted is your company electronic mail deal with.

Emma Douglas, director of Office Financial savings & Retirement at Aviva, mentioned: “We’re proud to have labored with Bolt to develop an revolutionary pension scheme for self-employed PHV drivers registered on Bolt’s platform which permits for the pliability they need proper now, together with providing monetary safety in retirement. By adapting our commonplace pension answer to the bespoke wants of this sector, we’re serving to our clients prepare for higher monetary futures.

“Eradicating the minimal and most earnings is necessary as a result of it considers the versatile nature of the UK-ride hailing trade. It additionally enhances the incoming adjustments to auto enrolment that are set to take away the decrease qualifying earnings threshold. This could assist guarantee part-time employees and people with a number of jobs get a contribution based mostly on each pound they earn.”

Emily Dalton, UK senior operations supervisor – Bolt, added: “We’re delighted to announce our partnership with Aviva launching a brand new pension scheme. This growth means most drivers throughout the UK ride-hailing sector now have entry to a market main pension scheme.”

Related Articles


Please enter your comment!
Please enter your name here

Latest Articles