Aldermore will offer select lower paid colleagues a £1,000 payment to help them manage the rising cost of living.
The payment will be split between two pay packages, one in April and one in June, and will go to around 1,400 employees.
An Aldermore spokesperson said that this was “above and beyond other remuneration” and had no bearing on future pay rises. It is also taxable, depending on the salary range of the individual.
The spokesperson said that the bank would not be disclosing precise details of how much it would spend on the initiative but it would be over £1m.
Steven Cooper (pictured), chief executive of Aldermore Group, said: “We know many of our colleagues will have been impacted by the recent increases to the cost of living, such as on energy and food bills.
“Like people all across the country, they’re having to devise new household budgets by making difficult decisions on what they’ll need to cut back on and how to make their money stretch further.”
He added: “We hope this payment to those of our colleagues who are earning a lower salary will go some way to helping in these challenging circumstances.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
