The Retirement Gym
This podcast aims to help you make good decisions whilst your planning for retirement and explores how you can spend your time and money when you're in retirement. Your host is Roy Thompson, Partner and Head of Financial Services at Carpenter Box Financial Advisers. Each episode he is joined by a guest who is an expert in their field and they will cover a range of retirement topics from budgeting to wills. If you have any questions or suggestions get in touch at info@carpenterboxfa.com.
The Retirement Gym
Can women be adversely affected in retirement?
In this episode Roy Thompson talks with Gill Lynes, Senior Financial Planning Manager at MHA Carpenter Box Financial Advisers. They discuss the various factors that result in many women under-saving for their pension and what actions can be taken to ensure a sufficient income in retirement.
Statistics reveal that women are adversely affected when it comes to pensions. Research published by Unison show that 52% of women are adequately saving for retirement compared to 60% of men. In addition, female pensioners have on average a net weekly income which is approximately 85% of their male counterparts, and yet women account for 61% of pensioners above state pension age.
Topics of discussion in this podcast include:
- Socioeconomic reasons that can contribute to low pension savings
- The impact of National Insurance contributions on state pensions
- Financial planning in couples
- Child Benefit considerations
- Taking pensions into consideration in a divorce
- Financial education and where to find lost pensions
Please contact MHA Carpenter Box Financial Advisers for advice on pensions or retirement planning.
