A third of female entrepreneurs in the UK are not saving any money towards their retirement, figures from Scottish Widows show.
Just under a quarter (24%) of employees never review their pension which shows a lack of engagement when it comes to retirement is a “real issue”, according to Close Brothers.
Experts have called on the industry to personalise pension communications and expand auto-enrolment (AE) to all workers ahead of the fifth Pension Awareness Day on Sunday.
Nearly nine million employees aged 45 and over are "sleep-walking" into retirement, unaware of how much they need to save, according to research from Aviva.
The average workplace pension pot for women is just £53,000, far below the £120,000 average for men, according to a study which highlights the clear gender gap in pensions.
Jonathan Stapleton takes a look at how employers can help their members through the at-retirement journey and ensure they are getting the right support to make decisions.