Women are twice as likely as men to be unsure what their main source of income will be in retirement, according to research from Prudential.
The survey of 1,996 over-40s showed 18% of women were in the dark on the source of their retirement income, compared to 9% of men. This follows The Pension Advisory Service's (TPAS) launch of a survey into the specific areas of retirement saving that affect women the most (PP Online, 4 September). Prudential's study also found just 46% of couples over the age of 40 have made arrangements to ensure their partner continues to receive a retirement income in the event that one of them dies. Some 28% of couples have failed to even discuss the effect of death on pension arrangements. ...
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