Shocking insights into women’s pension life journey revealed

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IWF Task Force commits to improving women’s lifelong financial resilience following shocking insights into women’s pension life journey.

Women risk financial insecurity in later life due to a culmination of societal, health and financial factors stacked against them, according to a report from Insuring Women’s Futures,

Women today are living longer, are better educated and have greater access to career opportunities, but with earnings forming the basis for pension saving, the gender pay gap is a major contributor to women’s pension deficit. The average pension wealth of women aged 65 is £35,800 – just 1/5th of men the same age, a mere fraction of their financial needs in retirement irrespective of their end of life care costs – on average £132,000 for a 65-year-old woman entering a care home in the UK.

To read the full article, including commentary from CEO of the CII and Chair of the Insuring Women’s Futures committee Sian Fisher, click the link below….

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