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

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

Just one third confident in making retirement decisions, TPT says

Just one third confident in making retirement decisions, TPT says

Pension provider set to launch new DC proposition in H2 as it releases findings

Jasmine Urquhart
clock 23 April 2024 • 1 min read
Industry split on whether pausing AE contributions should be permitted

Industry split on whether pausing AE contributions should be permitted

Buzz survey finds no majority in opinion on allowing employees to halt their contributions

Martin Richmond
clock 23 April 2024 • 3 min read
Industry calls for ban on pension switching incentives

Industry calls for ban on pension switching incentives

PP survey finds 61% back calls for ban and voice concerns over need for the practice

Jonathan Stapleton
clock 23 April 2024 • 2 min read
Trustpilot