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  • Women missing out on workplace pensions, says charity

    Women missing out on workplace pensions, says charity

    This is a duplicate of the Blog Entry made on: 22nd February 2017 07:11
    Tens of thousands of women are missing out on workplace pensions as a result of having more than one job, according to Citizens Advice.

    To qualify for an auto-enrolment pension, workers have to earn at least £10,000 a year. But more than 100,000 people - most of them women - do not reach that threshold, because they work for several employers. The government said that it is planning to review the issue later this year. A separate study shows that women still receive far smaller pensions than men. According to the insurance company Zurich, the average woman will have £47,000 less in her pension pot than a man by the time she retires.

    Missing out

    Citizens Advice said that 72,000 women were missing out on auto-enrolment pensions, which require employers to pay a pension automatically, unless a worker deliberately opts out. The charity said too many people were being shut out of the opportunity to be paid a pension.....Read more here



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