Earned wage access (EWA) As mentioned in last year’s benchmarking report, the CIPP is interested in exploring the trend of EWA. The CIPP has united with seven leading UK providers of EWA to support an EWA Code of Practice, in response to a recommendation by the Financial Conduct Authority (FCA) which sets the common standard for firms providing EWA products to deliver good consumer outcomes. 13% offer earned wages access, and 87% don’t offer this. In comparison, this has proven to have increased in popularity in the payroll industry, with only 9% respondents indicating they offer this to employees last year.
Earned Wage Access Code of Practice
September 2023
Do you / your client(s) offer access to earned wages? (Pay on Demand, instant access, etc)
Supported by
13% Yes
Founded by
87% No
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