Scottish Widows finds one third in age group unaware of how much needed for retirement
Scottish Widows also finds two million single mothers affected by ‘motherhood penalty’
Scottish Widows suggested reforming AE and raising awareness of joint annuities
Scottish Widows managing director of pensions Jackie Leiper will now run the platform business
An “intrinsically biased” pension system, the gender pay gap, and the disadvantage caused to women’s savings by career breaks is continuing to cause “stark gender disparity” in retirement wealth, Barnett Waddingham says.
Scottish Widows’ workplace pension assets hit £68bn at the end of 2020, comprising almost half of its total £113bn of open book assets under administration.
Thirteen recommendations for the Money and Pensions Service (Maps) have been laid out in an independent report to address the “urgent” financial wellbeing implications of the coronavirus pandemic on Britons.
The Money and Pensions Service (Maps) has named 12 sector leaders as challenge group chairs to spearhead its newly launched strategy for financial wellbeing.
Most women are not saving enough for retirement and remain at risk of running out of money after they finish work, according to new analysis.
A third of female entrepreneurs in the UK are not saving any money towards their retirement, figures from Scottish Widows show.