In Focus: Retirement Income  

Self-employed need better retirement provision

Self-employed need better retirement provision

The self-employed - and particularly younger gig economy workers - desperately need some solid pension solutions to help them make long-term provision for their retirement.

As Joy Brooks-Gilzeane reported in the opening segment of this latest FTAdviser podcast, Britain's 4.8m self-employed are finding themselves in economically tough times since Covid-19 came to our shores.

Research by Quilter also reveals two "lost decades" of earnings growth, pension and other savings, which have hit the self-employed particularly hard, as Jonathan Greer, head of retirement policy at Quilter, said.

This means there is more than engagement needed to get gig economy workers - including many young people who are working several jobs post-pandemic - into the savings habit and investing towards a more financially healthy retirement.

Joining Simoney Kyriakou, senior editor for FTAdviser, and Joy Brooks-Gilzeane, intern with FTAdviser, are some of the pensions world’s great and good.

They are: Jamie Jenkins, director of policy and external affairs for Royal London; Jonathan Greer, head of retirement policy at Quilter; and Nigel Peaple, Director of Policy & Advocacy for the Pension and Lifetime Savings Association.