Women more at risk of financial insecurity later in life - CII

'Modernising pensions is a must'

Sophie King
clock • 2 min read

Women stand at greater risk of "pension poverty", according to a report from the CII's Insuring Women's Financial Futures initiative.

The report revealed women's financial security to be "hampered" by systematic challenges through life, such as the gender pay gap, the motherhood penalty and not understanding the importance of putting money towards a pension. The report claims fewer than one in 10 (8%) women view contributing to a pension as their highest priority when starting work, and that almost two-thirds of mothers returning to work part-time earn some 30% less per hour than full-time female workers.  Insuring Women's Futures is an initiative established by the Chartered Insurance Institute (CII) as part of its...

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