Black women at risk of working through retirement

Scottish Widows finds one in six black and Asian women are opting out of pensions

Jasmine Urquhart
clock • 2 min read
Scottish Widows' research has found black women are more likely to have concerns about running out of money during retirement
Image:

Scottish Widows' research has found black women are more likely to have concerns about running out of money during retirement

One third (30%) of black women say they plan to reduce their working hours instead of retiring, a survey from Scottish Widows finds.

Two surveys of 6,424 adults conducted last year found that while one in five (22% and 21% respectively) of Asian and white women thought they would reduce their working hours upon retirement age, b...

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

More on Defined Contribution

UK will become 'global innovator' in retirement income solutions, People's Pension says

UK will become 'global innovator' in retirement income solutions, People's Pension says

CIO predicts UK will be ‘country to watch’ when it comes to retirement products

Martin Richmond
clock 27 June 2025 • 1 min read
Savers' knowledge of four pillars of DC pensions remains 'critically low'

Savers' knowledge of four pillars of DC pensions remains 'critically low'

Nearly half of DC savers have never checked how much they have saved into their pension

Martin Richmond
clock 27 June 2025 • 4 min read
Analysing Pathway 3 products: Is the solution to decumulation already here?

Analysing Pathway 3 products: Is the solution to decumulation already here?

Pete Osthwaite compares the solutions offered by number of FCA Pathway 3 (drawdown) providers

Pete Osthwaite
clock 26 June 2025 • 7 min read
Trustpilot