47% of women do not have pension provision

Research by Baring Asset Management has shown that 47% of women who have not yet retired in the UK have not made any pension provision.

This figure has gradually been increasing year-on-year and for 2009 and 2008 was 40% and 39% respectively.

The research highlights other areas of concern:

  • 22% of people aged 55 – 64 do not have a Pension
  • 1 million people over age 65 still working
  • 4 out of 10 people age 25 – 34 do not have a pension plan
  • 1 in 3 people aged 35 – 44 do not have a pension plan

The results then go on to highlight that different areas of the UK are affected differently. Alarmingly 47% in the North West do not have any pension plan compared to that of 27% in Wales.

We can offer guidance to people on pensions and you can contact our experts on 02380 004444.

Source:  The Pensions advisery service 13/9/2010

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