As the gig economy continues to expand, now representing up to 12% of the global workforce, access to traditional workplace benefits such as pensions is falling behind. This partnership aims to address that gap by combining Jarvis' lifetime pensions solution with Contractor Financial’s expertise in the gig economy. It is a seamless, tech-enabled solution that simplifies pension contributions, salary sacrifice, and long-term financial planning for contractors.

The offering will provide personalisation and portability to contractors, enabling them to build retirement security, unlike conventional umbrella company pension schemes, which often default to a one-size-fits-all approach. The collaboration also aims to improve client satisfaction and retention for umbrella companies. 

Royden Greaves, CEO and Founder of Jarvis, said: “Contractors face unique challenges when it comes to pension planning, especially with irregular income and short-term engagements. For example, one thing that is often overlooked is the crucial role pensions play when applying for mortgages. Many contractors don’t realise that a solid pension can directly impact their borrowing options. Our partnership with Contractor Financial will give them the tools to plan smarter and fill that critical financial gap, while also supporting their long-term goals.”

Billie Davoile, Director and Founder of Contractor Financial, said: “Our mission from the outset of launching Contractor Financial was to make financial services more accessible to all types of contractors and self-employed workers. We aim to educate the industry on how contractors operate in order for us to be able to provide the best solutions for our clients, improving accessibility and products. A pension provision is a key component of planning for a contractor's future and can be a consideration for mortgage affordability, particularly when someone is borrowing later in life or plans to carry the mortgage into retirement.