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Self-employed are neglected by the stakeholder proposals


The self-employed are being neglected under current stakeholder proposals according to consulting actuaries Punter Southall & Co.


The self-employed represent a large section of the Government&#39s target audience for stakeholder. But despite this Punter Southall & Co believes the proposals do not offer the self-employed any incentive to save for their retirement.


The actuary says of the 3.5m self-employed workers in the UK only half are currently contributing to a personal pension and a third have never made any contributions at all.


The company&#39s has called for a radical review of the National Insurance system allowing the self-employed to benefit from the State Second Pension when it replaces Serps.

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