The scheme trustees and sponsor were keen to work quickly on getting the benefit specification, membership data and investment strategy in a position to approach insurers.
The study, based on responses from over 5,600 working adults, found that financial pressure is the biggest motivator for all generations for driving the uptake of side hustles.
Three quarters (75%) of legal employees said they want support with energy bills or discount vouchers for food shopping as part of their workplace benefits packages.
The product uses a ‘flex first, fix later’ approach, blending drawdown strategies with a later-life annuity to help provide a steady retirement income.
WTW acted as risk transfer adviser to the trustee, with Squire Patton Boggs as legal advisers and Mercer as investment consultants.
The two-year scheme includes mentoring, masterclasses, and a paid internship, giving pupils work-based learning before they leave school.
Successful applicants will get careers advice and funding towards training courses, with options including welding, electrical engineering, and construction.
The programme aims to give aspiring financial services professionals the skills, knowledge and behaviours needed at the start of their careers.
Bones takes over as chair from Valerie Hughes D’Aeth who has held the role since 2021.
The announcement comes after the British Medical Association’s (BMA) Resident Doctors Committee (RDC) met on Tuesday to review a letter from Health Secretary Wes Streeting, which they concluded fell short of offering any substantive proposals.
Under the arrangement, Deliveroo, Just Eat, and Uber Eats will gain access to data to help identify and suspend delivery riders found to be sharing accounts with migrants who have no legal right to work in the country.
A total of 330 businesses from sectors like financial services, retail, tech, and education made the list after staff said their workplaces were inclusive and fair.