Women's pension plight underlined

clock

New research points out the serious plight of UK women as they lag far behind their male counterparts when it comes to pension provision.

A consumer report by Pensions Advisory Service (Opas) finds only 16% of women get a full basic state pension on the basis of their own contributions compared with 78% of men. In October, Opas set up a helpline guiding women to a better understanding of their pension options. With close to 8,000 calls received over an eight-week period, Opas published a report based on the most frequently asked questions, along with its findings. ‘Report on Women and Pensions Helpline’ indicates seven out of 10 callers are not privately saving towards retirement to supplement their state pension entitle...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Tyndall Partnerships head Sullivan on bespoke empowerment

Tyndall Partnerships head Sullivan on bespoke empowerment

‘No two IFAs invest in the same suite of models’

Isabel Baxter
clock 09 December 2024 • 4 min read
Smoothed funds set to be a 'bigger asset class for the advice market'

Smoothed funds set to be a 'bigger asset class for the advice market'

‘An attractive low-risk solution for retirees’

Isabel Baxter
clock 25 November 2024 • 3 min read
Advisers no longer see inflation as a major concern

Advisers no longer see inflation as a major concern

Funds offering a level of inflation protection were the last research, Square Mile finds

Isabel Baxter
clock 22 October 2024 • 4 min read