DWP: Trials to boost pensions for self-employed to be launched 'imminently'

Encouraging better use of tech

Kim Kaveh
clock • 2 min read

The Department for Work and Pensions (DWP) will develop and test new ways to include 4.8 million self-employed workers in pension savings.

Under plans unveiled today (18 December), the new approaches will allow the self-employed - who make up around 15% of the UK's working population - to save for short-, medium- and long-term financial goals "imminently". According to the DWP, this will include catering for those with irregular incomes. Features of the trials include: encouraging employees who become self-employed to keep making regular, affordable contributions to a pension or other long-term savings products; and better use of financial technology to help the self-employed overcome barriers to saving. It will also use...

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

Bridging the generational pension confidence gap

Bridging the generational pension confidence gap

'The knowledge gap is universal'

Robert Cochran
clock 27 November 2025 • 5 min read
Warnings of 'damaging' pre-Budget pension speculation impact

Warnings of 'damaging' pre-Budget pension speculation impact

Commentators say speculation on pension issues has negatively impacted saver confidence

Jasmine Urquhart
clock 27 November 2025 • 3 min read
No change to tax-free lump sum is 'welcome' move

No change to tax-free lump sum is 'welcome' move

The chancellor chose to leave the tax-free lump sum unchanged in the Autumn Budget

Holly Roach
clock 27 November 2025 • 3 min read