13 September 2010
Research by Baring Asset Management has shown that 47% of women
who have not yet retired in the UK have not made any pension
provision.
This figure has gradually been increasing year-on-year and for
2009 and 2008 was 40% and 39% respectively.
The research highlights other areas of concern:
- 22% of people aged 55 - 64 do not have a Pension
- 1 million people over age 65 still working
- 4 out of 10 people age 25 - 34 do not have a pension plan
- 1 in 3 people aged 35 - 44 do not have a pension plan
The results then go on to highlight that different areas of the
UK are affected differently. Alarmingly 47% in the North West do
not have any pension plan compared to that of 27% in Wales.
To read the full report click here
The Pensions Advisory Service offers guidance to people on
pensions and you can contact our experts on 0845 601 2923.
To help women with their pension benefits we have created a
section on our website dedicated to this matter, for further
information on this click here
Alternatively for information on how to begin saving for
retirement click here
