YOUR EMPLOYEES ARE STRUGGLING WITH MONEY AND YOU DON’T EVEN KNOW IT
Many have just enough to get by.
When they’re hit by an unexpected bill, like a car repair or broken washing machine, they’re plunged into money misery.
YOUR EMPLOYEES’ MONEY PROBLEMS ARE DAMAGING YOUR ORGANISATION
You’re probably not even aware of it, they don’t come to you. But your employees’ money worries are causing them stress, which is affecting their attendance and productivity at work.
THIS SITUATION IS COMPLETELY UNFAIR AND YOU CAN DO SOMETHING ABOUT
It’s your responsibility to act. The authorities—Money Advice Service, StepChange, Treasury Select Committee—all agree you should. Salad Money is here to help you solve the problem.
SALAD MONEY IS THE ANTIDOTE TO TOXIC LOANS
We help people access financial education so they can make good decisions with money in the future. And we offer small, affordable loans to cover unexpected needs right now.
KNOWLEDGE IS THE KEY TO POWER
People need to be given support so they can make smarter decisions about money. The financial education we invest in through Nudge genuinely improves lives. Nudge are independent experts, who provide timely and relevant advice at zero cost to the employer.
SMALL, AFFORDABLE LOANS FOR THOSE UNEXPECTED BILLS
Our employer partnered loans have a 15 day interest free salary advance period as standard.
Interest rates are comparable to mainstream credit.
Open banking to assess the affordability of loans.
Not outdated and unfair credit scoring, which excludes millions from access to mainstream credit. Our approach means more applications are approved.
The process is quick and anonymous, so employees don’t feel embarrassed.
Salad Money’s day to day leadership is provided by the Executive Directors.
Their focus is to deliver fair lending, for everyone.
Tim has operated within the Consumer data sector for many years combining technology with consumer data sets and latterly open banking data knowledge. In his last role at Big Issue Invest he was responsible for creating the Big View debt tool. He was previously a Commercial Director at Experian dealing with Consumer Credit data.
Emmett has extensive experience of designing the lending policies for small affordable loans using the latest technology to provide excellent customer experience. He has an enviable track record of helping people, typically excluded from mainstream credit, to cover unexpected costs with affordable forms of credit.
Eytan is responsible for the technology aspects within Salad Money. He has successfully created and deployed the complex process and journey for our borrowers. He is driven by the social impact of our work. He holds an MBA from University of Cambridge and has built products for Google and Travelport.
Salad Money is overseen by a board of four non-executive directors (NEDs).
The NEDs job is to ensure Salad Money stays true to its mission of making lending fair for everyone. The NEDs are not involved in day-to-day management, but they use their wide experience to guide Salad Money’s strategy and development.
SIR TIM MELVILLE-ROSS
Tim has many years’ experience running large organisations. His previous roles include CEO of Nationwide Building Society, director general of the Institute of Directors, and chairman of the Higher Education Funding Council for England. He was knighted in 2018.
LORD IAIN MCNICOL
Iain is a skilled organisational leader with expertise in politics and the labour movement. His experience includes working in the public sector as well as campaigning and strategic planning. He is also on the board of the National Citizen Service (NCS).
Carl is an experienced board director and chief financial officer (CFO). He was previously CFO of TPG, Merrill Lynch and Berkshire Partners. He is a trustee of Catch22—a social enterprise focusing on education—and chairs their finance committee.
John has worked in the Social Enterprise and Housing Sector for the last 14 years. John established and grew TREES a £9 million multidisciplinary social enterprise based in the East midlands and in 2012 joined Big Issue Invest as Director of Early Stage Business. Prior to joining BII, John led the SPARK programme, the precursor programme to Corporate Social Venturing ‘CSV’.
OVERSIGHT BODY (PROB)
Salad Money has deliberately placed its oversight into the hands of an independent body of experts.
The Public Responsibility Oversight Body (PROB) was set up to make sure that Salad Money does what it set out to in a responsible way. The PROB reports on Salad Money's progress to make sure its loans are affordable; its business practices are fair; and that profit is invested in financial education and reducing the cost of loans. Salad Money is accountable to the PROB and the PROB is accountable to you.
PETER WYMAN CBE, DL
Appointed in 2018, Peter Wyman CBE DL is an experienced chairman and non-executive director with a portfolio of appointments in the private, public and third sectors. This includes being Chairman of the Care Quality Commission and of Sir Richard Sutton Limited, and Independent Non-Executive Director at Pay.UK. He was previously a senior partner at PwC and President of the Institute of Chartered Accountants in England and Wales. In August 2017 he was commissioned to lead an independent review of the funding of consumer debt advice, which was published in January 2018.
JOHN HANNETT OBE
John was most recently the General secretary of the Union of Shop, Distributive and Allied Workers, (USDAW), an organisation of over 433,000 members. John became deputy general secretary in 1997 and was appointed to the position of general secretary in May 2004. John also became a low pay commissioner in 2007, and he sits on the TUC’s Executive Committee and General Council.
ROSEMARY RADCLIFFE CBE
Rosemary is an economist and business consultant. A former partner in PwC from 1982, she acted as their Chief Economist in Europe prior to retiring in 2001; she was also Chairman of the UK firm’s Supervisory Board and a member of the Global Oversight Board that had responsibility for the governance of PwC world-wide. After retiring, from September 2001 to September 2004 she acted as the independent Complaints Commissioner for the Financial Services Authority. Rosemary has also served on a number of Government advisory and review bodies.
Niall is an experienced financial inclusion and affordable credit consultant having undertaken hundreds of commissions for many social lenders and public bodies across the UK. Niall was formerly Director of Financial Inclusion at Bank of Scotland, and Development Director at MoneyLine UK. Since 2016 Niall has been an Associate at Carnegie UK Trust and is also currently supporting Fair 4 All Finance with their due diligence.