Women are failing to invest in pensions but beat men when they do

Women are failing to invest in pensions but beat men when they do

“If women invested just an additional 1% of their salary into their workplace pension, we could close the gender pension gap,” says Maike Currie, investment director for Fidelity International. “Investing is no longer a luxury but rather a necessity to ensure a comfortable retirement.”

Underlining that is the fact that women tend to live longer than men, and therefore will need more money for a comfortable retirement. That should be a powerful motivation to make people take action.”  “Research from Hargreaves Lansdown suggests women have 19% more cash ISAs than men have. “That means there is some money available somewhere,” points out the firm’s personal finance analyst Sarah Coles. “It means there may be more to this than simple affordability.”  Read more  

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