3 in 5 girls not pension planning

Three in 5 (60%) of girls haven’t performed any pension planning except for office auto-enrolment, in line with a brand new report.

This compares to 46% of males, in line with the survey over 2,000 UK adults by My Pension Skilled.

The survey additionally discovered that 15% of employed UK girls have no idea whether or not they have a office pension or how a lot they contribute to it.

Ladies with a office pension have been additionally much less more likely to be protecting monitor of funding efficiency, with 44% of girls understanding how their pension is performing compared to 60% of males.

Lily Megson, coverage director at My Pension Skilled, mentioned the analysis reveals that the gender pensions hole is now narrowing and referred to as for the Authorities and employers to place extra monetary schooling initiatives in place.

She mentioned: “It’s clear that extra must be performed to get girls partaking with their pension planning each out and in of the office – that is the place the federal government and employers should step in. It’s vital that strong monetary schooling and pension monitoring instruments are made extensively accessible for the UK workforce, and extra importantly, that correct encouragement and assist is given to interact with them. Solely then will girls have the ability to be really financially empowered and totally engaged with their pension.”

Wealth and funding supervisor Shut Bothers additionally just lately referred to as for extra employers to assist their workers with monetary schooling and wellbeing.

The Close Brothers research showed a clear advice gap with 43% of employees saying they would value pensions advice and 36% stating they would like financial advice even though few companies offered it.

Opinium surveyed 2,000 UK adults on-line on behalf of My Pension Skilled between 26 and 31 January.