Women pensioner poverty rife, says ABI

Women are also more likely to have broken working records because of time off to care for children, and are more likely to spend money on their children when they do. Unsurprisingly, the ABI says this means millions of women face poverty in retirement. Of those who do save some money, about 4.5 million do not save enough, while a similar number again do not save at all, according to ABI estimates. Some 35% of women do not belong to a company pension scheme against 25% of men. More than half contribute less than £100 per month, while just 9% receive employer contributions of more...