30% of women not saving for pension

ALMOST one third of working women (30%) in Ireland do not save towards a pension each month, a survey of more than 500 women by Standard Life has found.

A further 11% said they did not know whether they saved into a pension.

“That’s 4 out of 10 women who may not have any private pension arrangement and may only have the old age pension of up to €223 per week to live on when they retire,” said Jim Connolly, head of pensions with Standard Life.