Pensions: Women saving less than men

New research has shown that women are saving less than men for their retirement. The study by the Halifax found that over the past year the gap between what men and women save for retirement has widened. The amount men save for when they finish work has actually risen during the last 12 months to 10.2% of their income, up from 9.7%. At the same time the percentage of their wages which women save has fallen from 8.8% to 7.5%. According to the Halifax 49% of men are making adequate provision for retirement, compared to 42% of women....

Retirement: Why 21st December 2012 is a key date for male retirees

Everyone knows that Annuity rates have fallen significantly over recent years. The latest dip in gilt yields, to their lowest level since the 1700’s, has done nothing to help the problem. Gender Directive to affect Annuity rates? The issue is likely to be compounded for men by the implementation of the European Union Gender Directive on 21st December 2012. The ruling means that Annuity providers will not be able to discriminate between men and women when they set Annuity rates. Any pension calculator will show that men get better Annuity rates than women, due to the simple fact that they don’t ...