Pension inadequacies for women loom large says FP

clock

Fewer than one in ten women believe they will have sufficient income to ensure an adequate retirement, new research indicates.

A survey of 2,000 people conducted by Friends Provident finds 57% of women do not earn enough money to save for a pension, while just 3% say Government will provide sufficient income for them in retirement. Moreover, as many as 46% of British women do not expect to receive income from a private pension when they reach retirement age, while four in ten say they will receive a pension arranged through an employer. Pointing at potential solutions, the life and pensions firm finds close to a third of female respondents would invest into their pension pots if it were easier to understand, w...

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