Women put pensions low on their list of priorities, believing it is the job of their partner to provide for retirement, while they worry instead about the needs of their family, suggests new research.
A report published by the Department of Work and Pensions (DWP) finds women ‘rarely’ have a clear idea of retirement, finding it to be a remote concept, often attached to the retirement of their partner. The research also shows women to have low levels of knowledge and understanding of financial planning for retirement, along with less interest and awareness towards pensions than men, who levels are also low. Moreover, there is major uncertainty regarding eligibility and the value of the state pension, with many women blaming a lack of advice provision and accessibility. ...
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