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...
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