Fiona Murphy looks at the issues faced by women coming up to retirement and asks if we need a different approach to advice.
According to the Scottish Widows 2013 Women and Pensions Report, overall women are saving "considerably" less than men at just £93 a month on average compared to £141 among men. So why is this? Scottish Widows head of business development and corporate pensions Lynn Graves says: "We can see from all the statistics in our report that women are still at a disadvantage and a lot of that stems from a lack of understanding, what they perceive to be quite complex products, attitudinal differences and priorities we see coming out at different life stages." The Pensions Advisory Service (TPAS...
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