How 63p a day can bridge one kind of pensions gap; account switching inertia; and PIP review changes - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …
Just 63p a day closes pension gap for women who take a break from work Working women who take two years off to care for family members could restore the value of their pensions by saving just 63p a day extra when they return to work, according to research undertaken by Fidelity for the Sunday Times. As this article explains, the calculation is based on a woman earning the average UK salary of £28,600 and saving £4.27 a day into her work pension. Tax relief and the employer's contribution takes this up to 13% of gross annual salary. Were a woman to take two years off, she would need onl...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
