Almost two-thirds of women are failing to contribute to a pension, which suggests they need to think more widely about additional ways to fund their retirement, such as property and benefits, claims Prudential.
A survey of 1,566 adults, conducted by CanvasseOpinon on behalf of the insurer, reveals 60% of women are not currently contributing to a company or personal pension scheme, compared to just 46% of men. In addition, the findings show those women who do save are putting away around £236.54 a month, 22% less than the average £304.56 for men, leaving women with an average annual income in retirement of just £3,603. The research also reveals five times as many men as women are relying on private pensions of between £15-19,000 a year, and it shows 20% of women have no additional means of boos...
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