Fiona Murphy looks at the challenges of advising the self -employed on their retirement plans
Some 4.2 million people registered as self-employed over the three months to April 2012, according to research from the Office of National Statistics.That is a vast market of people and it is growing rapidly. However, what we do not know is how many plan for their retirement. Self-employed people deal with accountants, solicitors and other professional advisers regularly so it makes sense to suggest they might work with an IFA. However, according to Andrew Wilkins, a chartered insurance practitioner at Philip T English, this is not the case. Wilkins says: "Self-employed people ar...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes