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's 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's 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.