Most self-employed women are not saving enough for retirement and remain at risk of running out of money after they finish work, according to Scottish Widows analysis.
While auto-enrolment had raised pension participation rates among female workers, the report found only 46% of the self-employed were able to save the recommended minimum. There is currently an all-time high of 1.7m self-employed women in the UK. This year's Scottish Widows Women & Retirement Report released today (13 November) also showed low earners were particularly at risk of not saving adequately - defined as having a defined contribution (DC) pensions plan or setting aside at least 12% of income. It also found more than a third (37%) of women defined as ‘lower-middle earning'...
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