Number of women saving adequately for retirement at four-year high

Helen Morrissey
clock

The number of women saving adequately for retirement has reached a four year high, according to Scottish Widows Women and Retirement report.

According to the report, 50% of the UK female population is now preparing adequately. This is an increase of ten percentage points on last year. The introduction of auto-enrolment is seen as a key factor in this increase. On average women who are auto-enrolled are now saving £42.51 per month compared to £49.27 for men. In the 50-64 age group the average savings for women average 10.5% of earnings compared to 11.2% of men. This is approaching the 12% savings ratio Scottish Widows recommends as the minimum necessary for a comfortable retirement. Speaking at the report launch, shadow ...

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 Pensions

Budget 25: Pensioners caught in frozen threshold tax trap see 'small bills' written off

Budget 25: Pensioners caught in frozen threshold tax trap see 'small bills' written off

‘Absurd situation’ caused by frozen thresholds and triple lock commitment

Jenna Brown
clock 26 November 2025 • 3 min read
Pensions industry slams salary sacrifice changes as 'counterintuitive' and 'deeply misguided'

Pensions industry slams salary sacrifice changes as 'counterintuitive' and 'deeply misguided'

Responding to the chancellor’s decision to cap salary sacrifice for pensions at £2,000

Holly Roach
clock 26 November 2025 • 9 min read
Budget 25: Rachel Reeves to cap salary sacrifice pension contributions to £2,000

Budget 25: Rachel Reeves to cap salary sacrifice pension contributions to £2,000

Measure will come into force from April 2029

Jonathan Stapleton
clock 26 November 2025 • 6 min read