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...

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