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

Preparing for 2029: Adapting to the Budget's salary sacrifice cap

Preparing for 2029: Adapting to the Budget's salary sacrifice cap

'While this policy alters the landscape, it arguably represents an adjustment rather than a fundamental reform'

Steve Charlton
clock 22 December 2025 • 3 min read
Utmost to sell life and pensions business to JAB Insurance

Utmost to sell life and pensions business to JAB Insurance

To focus on wealth solutions business

Jen Frost
clock 22 December 2025 • 2 min read
Editor's view: How disjointed is the government's salary sacrifice change?

Editor's view: How disjointed is the government's salary sacrifice change?

The editor's Friday Night Takeaway from 19 December

Jen Frost
clock 19 December 2025 • 3 min read