Self-employed poised to quit ranks of pension-shy

pensions

The shortfall in pensions funding is particularly serious among the self-employed. But after A-Day they will have a wider range of ways in which to save for retirement

Everyone dreams that when they reach retirement they will have an adequate enough income to enjoy a reasonably comfortable lifestyle. But like most dreams, this one does not come true for a lot of people. Many facts and figures highlight how poor some individuals will be at retirement. For example, a recent article in The Independent reported that the average retirement fund is about £30,000. This is woefully inadequate, as it would only provide just over £2,000 a year. One group, in particular, seems to have problems with funding pensions - the self-employed. Adair Turner, chairman of t...