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Falling through the cracks: It’s time to take control of your pension #AD

Are you saving enough for your future? It’s a simple question, but the answer is never straightforward. At least, it’s not for me. Scottish Widows have recently published the 15th Women & Retirement Report. They’re celebrating the good progress that has been made since the report started. In 2019, 57% of women are saving adequately for retirement. That’s the highest proportion since their research started, helped in part by auto-enrolment. Despite this positive change, men stand to benefit from a staggering £78,800 more in their pension pot than women. Certain groups of women continue to fall through the cracks, remaining…

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[AD] Planning for the future with Scottish Widows

Did you know that minimum contributions to workplace pensions are increasing from 5 to 8 per cent? That extra 3 per cent will be made up by HMRC and employers, but also by employees. With women already facing different financial difficulties to men, putting money into a pension is likely to be at the very bottom of our to-do list. Women often prioritise ‘now’ when saving. This can be for a new boiler, the car needing to be fixed or even to buy the new must-have gadget. However, it’s also worth thinking about your future and saving for the retirement…

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Empower your future by planning for retirement

This is a collaborative post.  As parents, we’re often guilty about putting everyone else before ourselves. Financial matters are no exception, and many women put off sorting out their pension because something else always seems more urgent. Scottish Widows have just released their 2018 Women and Retirement report, which makes for sobering reading. It’s time we all started exercising a bit of financial self-care. Scottish Widows 2018 Women and Retirement report statistics The report highlights the fact that a lack of flexibility in terms of access to a pension can impact the way women save for the future. It may…

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