Digital-only pension provider launches

“Our aim is to make pensions as accessible and engaging as banking has become.”

A survey of 2,000 self-employed people published by Nest last month (October 10), found more than half (55 per cent) want more guidance on how to best save for their retirement.

In addition, 56 per cent said they favoured the idea of automatically diverting a proportion of their income to saving for retirement, which is already available via auto-enrolment for those who are employed by a business.

The pension industry has previously called on the government to do more to help the self-employed, many of whom say they find it hard to save for a pension due to having a low or variable income as well as cashflow challenges.

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