Date
22 January 2021

Tag

Active

Country
United Kingdom United Kingdom
Geographical scope
National
Type
  • Type

    Other (voluntary)

    Voluntary
View Initiative

Description

In the UK, Uber has partnered with the online investment provider Moneyfarm to provide discounts for Uber drivers on financial products such as pensions, individual savings allowances (ISA) and a new pension product SIPP (self-invested pension plan).

Key aspects of the initiative include:

  1. Access to Pension Products: Uber drivers will be able to access a new pension product, the Self-Invested Pension Plan (SIPP), which will be launched in the coming months. This will enable drivers to plan ahead for their retirement.

  2. Discounted Financial Products: Moneyfarm will offer Uber drivers discounted products, including ISAs and pensions, to help them save and invest for the future.

  3. Improved Access to Financial Education: The partnership aims to provide Uber drivers with expert financial advice, helping them make informed decisions about their financial planning and retirement savings.

This initiative reflects a growing recognition of the need to address the financial security and retirement planning challenges faced by platform workers, who often lack the benefits and protections afforded to traditional employees.

See further information here.


Additional metadata

Keywords
social protection
Actors
Platform, Other
Sector
Transportation and storage

Citation

Eurofound (2021), Uber Partners with Moneyfarm to Offer Pension and ISA Products to Drivers (Initiative), Record number 2999, Platform Economy Database, Dublin, https://apps.eurofound.europa.eu/platformeconomydb/uber-partners-with-moneyfarm-to-offer-pension-and-isa-products-to-drivers-103137.