Pensions: Women unable to plan for retirement as effectively as men

Silver sex symbolsNew research has shown that the gap between the ability of men and women to save for their retirement is getting wider. The latest Scottish Widows Women & Retirement Report revealed that: 52% of women are now saving adequately for their retirement, compared to 60% of men Only 42% of divorced women are able to save adequately for retirement The number of self-employed woman has risen by 22% over the past four years, however only 36% are able to save enough money for their retirement The gender gap widens The report ...

It’s a tough time to be self-employed

It’s a tough time to be self-employed 150pxAs the ‘on demand’ economy kicks in and more people become self-employed, we might be forgiven for thinking that now is a golden age for those people who work for themselves. However, new research shows this is anything but true. Lower earnings The Resolution Foundation has revealed that average earnings amongst self-employed workers are lower than they were in the mid 1990s. Their research has found that the number of self-employed workers has risen by 45% since 2001 / 2002 but their average weekly earnings has fallen ...

Breast Cancer Awareness Month highlights the need for protection

pink ribbon, symbol of breast cancer awarenessNew research, to coincide with Breast Cancer Awareness Month, shows the importance of women ensuring they are financially protected. Figures from Breast Cancer Care, show that approximately 60,000 women are diagnosed with the disease each year in the UK. That’s the equivalent of one women every 10 minutes. Furthermore, breast cancer is the most common form of the disease with 1 in 8 women contracting it during their life. Improving survival rates Despite the prevalence of the disease, survival rates are improving, with 85% of women living longer than ...

Self-employed? Is your family exposed?

New research has shown that millions of self-employed people are leaving their families financially exposed. Over recent years, the number of people who are self-employed has increased significantly; with nearly five million of us working for ourselves (Source: ONS). But it seems most are making no provision should they be unable to work due to illness, a decision which could have catastrophic consequences for their loved ones. The research, from Scottish Widows, found that: Only 7% of self-employed people have Critical Illness Cover to protect them, and their family, if they become ...