Half of women relying on joint savings for retirement

clock

Pension experts are urging women to make retirement provision as research shows nearly half (43%) are relying on joint savings with their partners.

The eighth Scottish Widows Women and Pensions Report found less than one in five (17%) of women trust their own savings to see them through retirement. This compares to nearly a third (30%) of men. Lynn Graves, head of business development, corporate pensions at Scottish Widows said: "[Saving] a set amount each month, could mean the difference between a comfortable retirement and one full of financial difficulties." The majority (79%) of married women said they did not discuss retirement plans with their partner before marriage, and 78% didn't know what they would gain from their part...

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