Women now 'more anxious' about funding retirement

Posted on 21 June 2011

In the past year, almost three-quarters of women over 50 have become more anxious about funding their retirement, research has shown - an important consideration when making long term care plans.

Research from LV= also revealed that 35 per cent of women say they have no personal pension savings whatsoever, with 22 per cent planning to rely on a state pension alone.

Moreover, a quarter of those questioned added they will now retire later than they originally planned.

LV= retirement solutions director John Perks said: "We support changes to the state retirement age that makes it fair for as many people as possible, and a more staggered rise will be a relief to the women who currently face the sharpest increase in retirement age."

This follows research by Age UK which revealed that one in five women aged between 50 and 53 incorrectly believe they will start to receive their state pension aged 60.

Posted by Nigel Murphy

 

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