answer text |
<p>The Department’s 2017 Review confirmed that the Automatic Enrolment (AE) framework
cannot be straightforwardly extended to people who are self-employed, as by definition
there is no employer to enrol them into a scheme; select a scheme or make contributions.</p><p>
</p><p>We remain committed to enabling self-employed people to achieve greater financial
security in later life. Finding effective and enduring solutions is a long-term challenge
given the highly diverse nature of this group, with varying incomes, assets, and employment
experiences.</p><p> </p><p>The learnings from the recent trialling and research programme
delivered through Nest Insight have provided a useful platform to move forward, helping
us to build the evidence base. We are working with software providers to explore the
feasibility of building and testing retirement savings solutions in digital platforms,
such as accountancy software and payment platforms, used by self-employed people to
manage their money.</p>
|
|