Self-employed should be 'key focus' in AE review - Royal London

Comments follow release of HMRC pensions data

Tom Ellis
clock • 2 min read

Pension contributions by the self-employed should be a "key focus" in next year's auto-enrolment review, Royal London director of policy Steve Webb has said, following today's release of data by HM Revenue & Customs (HMRC).

Webb (pictured) pointed to the revelation four and a half million self-employed people in Britain - 15% of the workforce - account for just 2% of the total tax relief in personal pension contributions. "These figures are a stark reminder of the disastrously low levels of pension saving among the self-employed," the former pensions minister said. "While some self-employed people have a business or other assets they can sell to fund their retirement, many self-employed people are in low-paid, insecure employment and have nothing else to fall back on." He added: "Sorting out the pensio...

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

Join

 

Already a Professional Adviser member?

Login

More on Pensions

FCA launches consultation on adapting to a 'changing pensions market'

FCA launches consultation on adapting to a 'changing pensions market'

Outlines regime for digital pension planning tool

Holly Roach
clock 11 December 2025 • 3 min read
Lack of focus delaying pension transfers, Origo CEO warns

Lack of focus delaying pension transfers, Origo CEO warns

Advisers share months-long delays as PensionBee’s petition calls for ten-day transfer guarantee

Sahar Nazir
clock 11 December 2025 • 6 min read
Pension IHT: A minor win for executors, a missed opportunity for HMRC

Pension IHT: A minor win for executors, a missed opportunity for HMRC

'It's a great pity HMRC couldn't have been a bit braver and taken the sensible approach'

Rachel Vahey
clock 09 December 2025 • 3 min read