October 2019

Ireland. Self-employed are being left behind in putting away pensions savings

THE number of people working for themselves and saving towards a personal pension has dropped by almost a third in the last four years, according to HMRC. The Taylor Review showed that the number of people working for themselves had increased by a third since the start of the century. In 2001 it was 3.3 million, it had risen to 4.81 million by 2017. Still only 13 per cent are saving for a pension. This is compared to 68...

UK. Penfold launches digital pensions aimed at the self-employed

Penfold, a digital pension scheme built specifically for freelancers and runner-up at AltFi’s Fintech Pitch Off Competition at the AltFi London Summit 2019, launched today. The startup is focused on helping self-employed workers start a pension in just a few minutes, and then works around educating and supporting customers who might not have additional employer-supported pension schemes. “We’re aiming to make pensions not just easier, but more attractive for self-employed people to start planning for later in life,” says...