Professional Pensions

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Sex and the City generation shirks financial responsibility

The "Sex and the City generation" is shirking financial responsibility, Friends Provident claims.

A report released by the life and pensions company found almost as many women surveyed own 30 pairs of shoes, 26pc, as have a personal pension, 31pc.

Just 7pc of the women surveyed between the ages of 25 and 45 listed financial solvency as being important to them and only 14pc of respondents worry about not having enough money in retirement.

Friends Provident senior media relations executive Christine O'Grady said: "Women's earnings can often be fragmented due to them taking time off work to care for their children or older parents and as a result they need to take more care to plan for their futures and maximise their pensions."

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