Women are saving more for retirement according to a recent report. 57% of women are contributing something to a pension pot. Significant progress has been achieved thanks to auto-enrolment. On the other hand, 47% of women earning between £10,000 and £20,000 are not saving enough for retirement, compared to 65% of those earning £40,000 or more. The lower-middle earner group are still struggling to afford to save for retirement. In addition women who work part time and those disengaged from pension savings could also putting themselves further at risk, thus causing financial stress. Seeking professional financial advice could help you to manage your retirement savings more effectively.
