FTMoney, the weekend personal finance supplement to the Financial Times, has just published a cover feature looking at how the Over-50s are the new business start-up generation, and how they are funding their ‘olderpreneurial’ businesses.
The feature idea was developed by DWP some months earlier, using data on the number of olderpreneurs starting out in business, combined with the number of business owners (post 55) who are now taking advantage of Pension Freedom to invest part of their personal pension fund in their business.
The article featured six ways to finance a second career in retirement – leading on Clifton Asset Management’s innovative business funding solution, Pension-led funding. Ecco Gelato, a Clifton case study was also central to the feature.
The article said that husband and wife team, Andrew and Philippa Tarling hit on the idea of setting up an Ecco Gelato Italian ice cream business in Sherbourne, and decided to use Pension-led funding to get the business off the ground.
Andrew Tarling remarked in the FT: “It <Pension-led funding> made the whole project become feasible. The new project is invigorating. It attracts younger people in the evenings and we are learning something new.”
To read the full FT article, visit the Pension-led funding website here.