Government Must Get Self-Employed Workers Saving

There are almost 5 million self-employed workers in the UK but it is estimated that 86% of them aren't saving into a pension

Holly Black 29 October, 2019 | 2:28PM

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With a December election on the cards, many commentators are hoping that pensions will be in the spotlight and that the Government will finally tackle the problem of self-employed workers not saving for the future. 

Among those trying to woo self-employed workers into saving for retirement is newly launched provider Penfold. The service hopes to encourage new savers by letting people start an acount with as little as £10. Backed by venture capital and angel investors, the savings tool has recently been authorised by the Financial Conduct Authority and is a member of the Financial Services Compensation Scheme.

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About Author

Holly Black  is Senior Editor, Morningstar.co.uk

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