Women still lagging men in retirement saving - Scottish Widows

2016 Women and Retirement Report

Hannah Godfrey
clock • 3 min read

Almost three-fifths (57%) of women fear they are not preparing adequately for retirement, compared with two-fifths (41%) of men, according to research from Scottish Widows.

The 12th edition of the group's annual Women and Retirement report also found half of women (52%) are now saving adequately for their retirement compared with 60% of men. While this maintains the record high seen in 2015, however, the gap between men and women has widened since 2014, when 50% of women were saving  adequately compared with 55% of men. The report suggests shifting patterns in employment among women are also affecting their ability to save for retirement. Almost 1.5 million women in the UK are now self-employed - a 22% increase in four years and twice the rate of self-em...

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

Crucial advice issue: Death benefits detail advisers need to know

Crucial advice issue: Death benefits detail advisers need to know

Important differences from previous regime

Andrew Tully
clock 05 April 2024 • 4 min read
British Steel a stark reminder of obligations around client files

British Steel a stark reminder of obligations around client files

Lawyer Philippa Hann reflects on her work around the pensions case

Hope Coumbe
clock 27 March 2024 • 2 min read
SSAS and the general levy: A victory for common sense

SSAS and the general levy: A victory for common sense

The value of SSASs after general levy consultation outcome

Caitlin Southall
clock 26 March 2024 • 5 min read