One in ten women in their 20s have opted out of workplace scheme

Scottish Widows finds one third in age group unaware of how much needed for retirement

Jasmine Urquhart
clock • 2 min read
Many women in their 20s are worried about not having enough to retire on, Scottish Widows has found
Image:

Many women in their 20s are worried about not having enough to retire on, Scottish Widows has found

One in ten (10%) of women aged between 22 and 29 have opted out of their workplace pension scheme, research from Scottish Widows finds.

The pension provider's research found that, of those who opted out of automatic enrolment (AE), almost one third (29%) said they could not afford to keep up with regular pension contributions, whil...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Defined Contribution

DC Future Book highlights major growth in DC, with assets quadrupling since 2015

DC Future Book highlights major growth in DC, with assets quadrupling since 2015

DC Future Book shows median DC pot sizes reached £15,000 in 2024

Martin Richmond
clock 23 October 2025 • 3 min read
'Crucial' to consider savers' needs amid expansion in pension offerings

'Crucial' to consider savers' needs amid expansion in pension offerings

LCP says industry is at an ‘inflection point’ in UK pension provision

Martin Richmond
clock 22 October 2025 • 4 min read
SPP: The message to the government is clear - don't mandate

SPP: The message to the government is clear - don't mandate

Jeremy Goodwin says mandation would ‘drive a coach and horses’ through the prudent person principle

Jeremy Goodwin
clock 14 October 2025 • 3 min read
Trustpilot