One in ten women in their 20s have opted out of workplace scheme

Scottish Widows finds one third in age group unaware of how much needed for retirement

Jasmine Urquhart
clock • 2 min read
Many women in their 20s are worried about not having enough to retire on, Scottish Widows has found
Image:

Many women in their 20s are worried about not having enough to retire on, Scottish Widows has found

One in ten (10%) of women aged between 22 and 29 have opted out of their workplace pension scheme, research from Scottish Widows finds.

The pension provider's research found that, of those who opted out of automatic enrolment (AE), almost one third (29%) said they could not afford to keep up with regular pension contributions, whil...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

Ten years on from the pension freedoms, our attitudes have come full circle

Ten years on from the pension freedoms, our attitudes have come full circle

Colin Clarke says we need to focus on the primary purpose of a pension

Colin Clarke
clock 04 April 2025 • 6 min read
FCA greenlights two further LTAFs for Aegon workplace pension default fund

FCA greenlights two further LTAFs for Aegon workplace pension default fund

LTAFs managed by JPMAM and Aegon AM will join already approved BlackRock strategy

Jonathan Stapleton
clock 02 April 2025 • 2 min read
Growth of DC will require reforms to help savers manage risks, IFS says

Growth of DC will require reforms to help savers manage risks, IFS says

IFS report says savers facing ‘stark’ challenges managing DC pensions through retirement

Martin Richmond
clock 01 April 2025 • 7 min read
Trustpilot