Women losing out over pensions eligibility confusion - HSBC

clock

RESEARCH from HSBC suggests that despite more women contributing to a pension, confusion over eligibility means over two million women are losing out on potential pensions income.

In 2005, when HSBC started tracking consumer attitudes to pension planning, just over a third (37pc) of women aged 18-60 surveyed were contributing to a pension. Three years on, HSBC's survey has revealed a marked increase in the number of women taking control of their retirement futures, with over half (54pc) of women questioned now paying into a pension. While today's figures show that the number of women not planning for retirement has almost halved since 2005, to under six million (32pc compared to 62pc in 2005), the extent to which women understand retirement planning has not impr...

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