You are here: Home - Retirement -

Women less optimistic than men about joint retirement income

0
Written by:
20/11/2013
Women expect to receive an average of £3,000 less in joint retirement income than men, according to research from Prudential.

The study showed women anticipated joint retirement income of around £32,000, while men expected to receive £35,100.

It said almost 20% of couples over the age of 40 have not discussed their retirement plans in five years, with over 10% avoiding the topic altogether.

Some 56% of 1,996 people questioned said they had their own pension, compared to 24% who had both a shared and personal pension and 6% who had a joint pension only.

Prudential’s retirement expert Vince Smith-Hughes said: “It’s easy for couples to put off conversations about finances, particularly longer-term issues like retirement, because it’s difficult to see any short-term impact.”

Couples in Wales were the least likely to have discussed their finances, while those in the east midlands and south west were most open to broaching the subject.

The findings come in the wake of previous research from the insurer which found women were twice as likely as men to be unsure what their main source of income would be in retirement.

Related Posts

Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

How to get 5% interest without tying up your savings for years

You don't have to lock your money away to get an above-average return on your savings.
How to get 5% interest without tying up your savings for years

Dying people should have early access to state pension

A charity is calling on the government to give working people early access to state pensions when they’re diag...
Dying people should have early access to state pension

130 million old £1 coins still out there: what to do if you have one

An estimated 131 million old round £1 coins have yet to be returned to the Royal Mint, nearly three years afte...
130 million old £1 coins still out there: what to do if you have one

Ryanair jetting towards US flights for £10

Ryanair is on course to achieve its long-held ambition of offering transatlantic flights to the US – and the...

Investing in car parks: a good vehicle for income seekers?

As the search for income continues, many investors are turning to alternatives, with car parks becoming increa...

A quick guide to guarantor loans – in association with Guarantor Loan Comparison

Considering a guarantor loan or becoming a guarantor yourself? Read our essential guide...

Results round-up: Companies to watch this week

Mulberry and more will face the music this week.

Product launches of the week

Select Property Group, Schroders, Leeds Building Society and more have exciting news this week.

Money Tips of the Week