Some 3.5 million self-employed workers in the UK are not saving into a private pension, according to new research from the Institute for Fiscal Studies, and so risk facing severe financial difficulties in later life.
According to the research the proportion of self-employed workers saving for retirement has declined over the last two decades, from half (48%) in 1998 to less than two-in-five (16%) in 2018. At the...
40,000 new plans bought
Speed of deal 'remarkable'
Schemes that help savers with later life planning as part of a government trial will receive a £400,000 funding boost, the Department for Work and Pensions (DWP) has revealed.
Some traits are bigger earners
Run by Money and Pensions Service