Women losing out over pensions eligibility confusion - HSBC

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RESEARCH from HSBC suggests that despite more women contributing to a pension, confusion over eligibility means over two million women are losing out on potential pensions income.

In 2005, when HSBC started tracking consumer attitudes to pension planning, just over a third (37pc) of women aged 18-60 surveyed were contributing to a pension. Three years on, HSBC's survey has revealed a marked increase in the number of women taking control of their retirement futures, with over half (54pc) of women questioned now paying into a pension. While today's figures show that the number of women not planning for retirement has almost halved since 2005, to under six million (32pc compared to 62pc in 2005), the extent to which women understand retirement planning has not impr...

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