An 'outdated' pension system will continue to fail millions of women for many years still to come unless urgent action is taken, a report from two leading charities warns.
A report entitled A Blueprint for Reform from Age Concern, in conjunction with the Fawcett Society, finds only 16% of newly-retired women have a full basic state pension against 78% of men. Moreover, the report argues this is because of the type of employment women are in, often with poor coverage, and along with the time they take off in order to raise a family. Both charities believe the current system does not take such necessities and female working patterns into consideration, which in turn has the biggest impact on poorer pensioners. The report says 20% of all single women pens...
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