By John Reynolds on Tuesday 18 February 2020
The digital bank has teamed up with the Association of Independent Professionals and the Self-Employed (IPSE) on the initiative.
Starling Bank has teamed up with the trade association for freelancers and contractors on an initiative aimed at supporting freelancers with their financial planning.
The initiative between Starling and the Association of Independent Professionals and the Self-Employed (IPSE) spans policy, research and events.
It "aims to raise awareness about and support freelancers with the challenge of financial planning" and will work on the programme in 2020.
The partnership comes as data shows that nine out of ten freelance workers worry about their financial well-being due to their irregular incomes, according to IPSE.
Half confess to suffering from stress or anxiety and 41 per cent admit they are too cash-strapped to take time off from work.
Suneeta Johal, Head of Commercial Development at IPSE, said: “This is an extremely exciting new partnership for us. Good financial planning can be a challenge for anyone, but for freelancers with fluctuating incomes, it can be even worse.”
“As the freelance workforce continues to grow, this will become an ever-more pressing issue. With Starling, we are going to not only raise awareness about this vital issue, but also find new ways to tackle it and support the growing freelance community.”
Anne Boden (pictured), founder and chief executive of Starling Bank said: “Freelancers and contractors are an important and integral part of the economy and offer services that companies need to survive.”
“At Starling we think of them as entrepreneurs and want to support them in every way possible, and that includes listening to their needs so we can design and deliver better banking services. We are delighted to be partnering with IPSE.”
