Attempts by both government and the industry to raise awareness about the importance of saving in a pension are still failing as around 60% of women do not contribute to a pension scheme, claims HSBC.
Research by the bank suggests six in 10 women are not contributing to a pension scheme, with 31% of these claiming it is because they are either not working or only working part-time. In addition, the survey of 990 adults, carried out by GfK NOP, reveals 44% believe you have to be working to make a pension contribution, despite 66% admitting they are aware a husband or wife can pay into their partner’s pension scheme even if they are not working. Ian Martin, head of pensions and retirement income at HSBC, says although people are now more aware of the need to save, which is proved by an...
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