Faith Glasgow

What can be done to get rid of the pensions gender gap?

International Women’s Day provides a great opportunity to flag up the gender gap holding women back as far as their retirement provision is concerned.

Women’s pension pots are 40% smaller than men’s on average in the UK, according to a survey carried out by Profile Pensions. They have an average £23,800 in their fund, compared with £39,500 for men.

Government should encourage people to pass on wealth during their lifetime

Research commissioned by wealth manager Quilter shows that younger generations who receive ‘lifetime gifts’ from their parents and grandparents benefit more than those who don’t receive an inheritance until the death of their relatives.

The research shows that more than 60% of those who receive money from living relatives say it makes a substantial difference to their lives, compared with 42% of those who inherit on death.

Editor’s Comment: how can we get more women to invest for their long-term future?

I recently attended an evening event designed as a forum for young women keen to learn how to make the most of their money. Most, I guess, were under 40. They were engaged and curious; they were not knowledgeable about investing, but they were certainly not fearful of the idea, and asked sensible, practical questions about how to get started, how to prioritise demands on their money and how to approach the risks attached to investing in the stockmarket.

Editor’s Comment: buylists can be helpful, but know what you’re looking at

Around 3,000 funds are listed in the Investment Association’s sector classifications and are readily available to private investors, so it’s easy to understand why many people trying to set up or add to a portfolio may feel like rabbits in the headlights, overwhelmed by far too much choice. And that’s before you throw in another 400-plus investment trusts and the ever-expanding universe of ETFs tracking market indices or ‘weighted’ versions of them.

Editor's Comment: new twist in women's battle over state pension age hikes

If you’re in your early 60s and looking forward to retirement, the past couple of months have hardly been a time for celebration of the approach of your golden years – indeed, quite the opposite. On 6 November 2018, the state pension age (SPA) for men and women was briefly equalised as women’s SPA rose to 65. It’s the latest hike in a series of adjustments that started in 2010 and were accelerated in 2011, designed to bring men and women into line in state pension terms.