Women save less for future than men - research

The research shows 41% of women who could save put away adequate money for retirement, compared to 54% of men. The figures represent a 5% increase on the number of men saving since 2006 while the number of women has remained at 41%. The survey also shows working men are more likely to belong to their work place pension scheme than women. A total of 35% of women do not have any pension scheme, compared to 22% of men. Of those saving, men save an average of 10.3% of their earnings, compared to 9.3% of women. The typical employer also contributes 6.5% of annual salary to a man’s defined...