Retirement savings a cause of concern for most women over 50

Men in their 50s have around £17,000 more saved for retirement

Jasmine Urquhart
clock • 2 min read

Two-thirds (66%) of women aged between 50 and 59 are unsure of how much they have saved for retirement, research shows.

TPT Retirement Solutions' survey of more than 2,000 people aged between 50 and 59 in employment found 60% of women in this age group are worried they are not saving enough for retirement. It also found just over half (51%) of men in that age group did not know how much they had saved for retirement, with the average man having saved £17,014 more than the average women in the same age group. For almost three-quarters (71%) of women in their 50s, rising energy bills presented a significant barrier to pension saving, while two-thirds (66%) said they struggled with increasing food costs, ...

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 Pensions

FOS upholds complaint against Options Pensions over SIPP due diligence failure

FOS upholds complaint against Options Pensions over SIPP due diligence failure

Investment in unregulated Spanish business

Isabel Baxter
clock 04 February 2025 • 2 min read
FOS favours Pathlines Pensions SIPP clients in first post-rebrand cases

FOS favours Pathlines Pensions SIPP clients in first post-rebrand cases

SIPP operator failed to carry out due diligence, FOS finds

Jen Frost
clock 17 January 2025 • 2 min read
SIPP saga continues - FOS upholds four more complaints against Options Pensions

SIPP saga continues - FOS upholds four more complaints against Options Pensions

Complaints continue at what was formerly Carey Pensions

Isabel Baxter
clock 23 December 2024 • 4 min read