Careers breaks to care for children, more common part-time working and typically getting paid less money than men are key factors preventing women from saving adequately for retirement, according to a report.
Analysis from Scottish Widows found female pension saving remains at all-time lows, and lags behind male saving rates. It urged women not to rely on their partner's pension to secure their income in retirement without first gaining appropriate knowledge on what would happen in the event of a relationship breakdown pre- or post-retirement. Its Women in Pensions Report 2013 found just 40% of women - compared to 49% of men - are building sufficient pension savings. The level was 42% last year and about 50% in 2011. The ninth annual survey of more 5,000 people found that while more tha...
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