Just 4% of women have more than £300,000 in pension savings - the amount someone on average earnings would need maintain their current lifestyle in retirement - research from Aegon has found.
One in seven (15%) men, meanwhile, said they had saved more than £300,000. Aegon's research suggested women were more likely to bury their head in the sand when it came to knowing how much they held...
Reacting to higher US rates
‘Charity lump sum death benefit’
The increase in minimum AE contributions has had little impact on opt-out rates - with cessations after April increasing by less than two percentage points, data from The Pensions Regulator (TPR) shows.
Follows string of appointments
Follows acquisition of BlackRock's DC platform