An auto-enrolment pension review is taking place amidst calls to extend auto-enrolment to self-employed workers, to encourage them to start saving.
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A rise in the number of self-employed women has raised concerns that the pensions gender gap could widen in the coming years.
More than 650,000 pension savers are preparing to take advantage of George Osborne’s pension reforms over the next five years.
Savers will receive ‘free, impartial’ guidance on how best to invest their pensions under Government reforms, the Treasury has promised.
Osborne’s Budget has already received backlash from insurance firms who saw their share prices tumble within moments of the Chancellor’s speech.