IPSE teams up with Starling Bank to help solve contractor cash flow

(2 minutes to read)

Nine out of ten contractors worry about their financial well-being due to their irregular incomes.

The Association of Independent Professionals and the Self-Employed has teamed up with Starling Bank in order to help contract workers between paydays.

Many contractors might find themselves in financial difficulties at one time or another during their career because of the fluctuating and, at times unpredictable, income issues that can come with working within the sector.

According to a poll by the IPSE, nine out of ten contractors worry about their financial well-being due to an irregular cash flow.

Working together throughout 2020 on a joint programme of policy, research and events, Starling and IPSE aim to raise awareness about and support freelancers with the challenge of financial planning.

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Suneeta Johal, Head of Commercial Development at IPSE, commented, “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, founder and chief executive of Starling Bank, added, “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.”

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