Article preview: Could the ability to access cash from a pension pot in an emergency result in a change to retirement savings habits for women? That’s the suggestion made in a new report from insurer Scottish Widows, who found that a million more women in their 20s could be saving adequately for retirement if early access to pension pots in an emergency became an option. The finding was part of the latest Women & Retirement report from Scottish Widows which highlights the current lack of flexibility in pensions as a barrier to saving. By introducing the ability to access funds early to pay for unexpected expenditure, savings levels could rise.
Emergency access could boost pension savings for women
This 846 word blog post looks at new research from Scottish Widows which suggests an early access option for pensions to help with financial emergencies could encourage more women to save for their retirement. Includes comments from Jackie Leiper, retirement expert at Scottish Widows and Vikki Brownridge, Director of Charity Development, at StepChange Debt Charity. Written on 31st October 2018.
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