Women not preparing for retirement

Nia Williams

March 12, 2010

Women are typically “second best” on issues surrounding retirement planning with a mere 22% having sought advice.

The Defaqto research illustrates:

• Only 21% of women are saving for retirement.

• Just 13% of women are very confident their retirement income will meet their needs.

• 78% of women will be relying on a State pension and 22% on their spouse’s pension

Matt Ward, wealth management consultant at Defaqto, stated that: “The pensions gender gap is well known and further underlined by our findings. A professional financial makeover or “wealthcheck” for mums on retirement planning may therefore provide an astute and practical gift from forward thinking offspring this Mother’s Day.”


Sign up to our daily email

Show Comments