Women more likely to be trapped in poverty in later life

Insuring Women's Futures interim report

clock • 3 min read

Women have "less financial resilience to bounce back from financial shocks and are more likely to be trapped in poverty in later life", according to an interim report from Insuring Women's Futures (IWF.)

The average woman is outperforming the average man in education and now earns as much as men in her twenties. However a significant pay gap opens from her early 30s and by her 50s, she typically earns 16% less than a man of the same age and is more likely to be in insecure employment. Sian Fisher, CEO of the CII and Chair of the IWF committee, said: "Women today are left disproportionately exposed to risks that society is not overtly recognising. This is at the same time as historic support systems are receding. The report was launched at the Chartered Insurance Institute in London on...

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

Join

 

Already a Professional Adviser member?

Login

More on Individual Protection

Cover Excellence Awards: Intermediary shortlists revealed

Thursday 10 October, The Brewery, London

Cover
clock 12 August 2019 • 1 min read

How the Apollo 11 crew obtained their life insurance

50th anniversary of moon landing

Adam Saville
clock 19 July 2019 • 1 min read

CII chief issues call for Insuring Women's Futures ambassadors

‘Talk to 10,000’

Adam Saville
clock 04 July 2019 • 1 min read