Womens Pensions
Despite the trend towards equality in womens finances, they
are still lagging behind when it comes to women
pensions.
Married men, 47% of whom have some sort of pension, lead the
way, with only 27% of married women having pension for their
retirement. This is largely due to women taking time off from
their careers to raise children.
However, the advent of the "Stakeholder Pension"
may go some way to correct this imbalance as companies are encouraged
to implement these financial measures.
It is essential that all working women seek financial advice
about planning for their retirement - it is unwise to rely on
their partner's pension for a number of reasons. The best advice
for women in this situation to contact a professional financial
advisor for help and assistance with these matters. A good source
of information is the Financial Services Authority (FSA), an
independent non-governmental body, given statutory powers by
the Financial Services and Markets Act 2000.
The FSA is accountable to Treasury Ministers, and through
them to Parliament. It is operationally independent of Government
and is funded entirely by the firms it regulates. Their objectives
are:
- market confidence: maintaining confidence in the financial
system;
- public awareness: promoting public understanding of the financial
system;
- consumer protection: securing the appropriate degree of protection
for consumers; and
- the reduction of financial crime: reducing the extent to
which it is possible for a business to be used for a purpose
connected with financial crime.
Story on womens pensions - 2 November 2005 - Click
Here
For further information contact an FSA approved financial
advisor. Click
Here.
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Womens
Pensions