Blog: Women must seize control of pension saving

The news from Scottish Widows that 50% of women are now saving properly in pensions is welcome, but retirement equality is still a long way off.

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The news from Scottish Widows that 50% of women are now saving properly in pensions is welcome, but retirement equality is still a long way off.

Although half of women are now saving well compared to 43% last year, men are still saving £700 per year more on average, according to the latest Scottish Widows Women and Pensions Report. Some of that can be put down to pay inequality, which is another column for another day. However, a lot of it is down to the outdated ways in which men and women still interact. Vive la différence? Research carried out by RetireEasy.co.uk suggested 59% of men aged 50-70 take all of the financial planning responsibility in their households. Despite the obvious pressure this must put on men,...

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