pensions

The Pensions Regulator Puts Pressure on the Gig Economy

The Pensions Regulator (TPR) chief executive, Charles Counsell, has urged companies in the gig economy to proactively begin work on enrolling their employees into pension schemes, rather than dealing with the issue on a “case by case basis”.

The comments, made as part of TPR’s podcast series, following the recent Supreme Court ruling that Uber’s employees were workers and therefore entitled to statutory rights, including being enrolled in a pension scheme.

Counsell stated:

“Now I’m very pleased to say that Uber are engaging closely with us on making that happen, so that is really good news.  But I’m going to call on other organisations in the gig economy to start to recognise that the people who work for them are workers and should be eligible for pension.  After all, what this is all about is helping people to have a decent standard of living in retirement.”

Work and Pensions Committee chair, Stephen Timms, echoed this call for action, noting that the issues around the gig economy will be explored in the third part of the Committee’s ongoing inquiry into pension freedoms which will start later this year.

About the author

Share this post

Sign up to our Newsletter

Follow IWORK on social

Subscribe to our Podcast

Latest Articles

News

Umbrella Company Loses £11m Tax Tribunal

A tax tribunal has concluded that an umbrella company has a potential £11m liability due to their overarching contract not being one of employment.  The

Don't forget to sign up to our newsletter

As we grow our community we want to ensure that we develop the best services for you specifically. It will really help us if you could answer two very quick questions:

Subscribe to Podcast Series

Subscribe to our Podcasts through Apple Podcasts by following the links below:

All About Self Employment

Empowering Agency Workers

Submit Review