Women shun SIPPs for occupational pensions

The figures, based on the provider’s own sales records, show men buy 85% of its SIPPs. James Hay says the research shows a disproportionately low percentage of women buying the products as Government statistics reveal 38% of working women contribute to a private pension, compared to 46% of men. Chris Smeaton, propositions and e-commerce manager at James Hay, says: “It’s mainly a wealth thing. It’s probably due to fact that traditionally, women take career breaks and traditionally are not in as well paid jobs as male counterparts. That would indicate their portfolios are not big enough to...