One in five working women don’t know how they will fund retirement

WOMEN need up to 20% more than men in their retirement pension pots, but significantly fewer females have a nest-egg compared with males.

Financial experts, Mercer, said Irish women need to give stronger consideration to their own financial planning and should be less dependent on the pension savings of their spouses.

A survey conducted by Millward Brown Lansdowne found that just 47% of working woman have private pension coverage compared with 56% of men. The survey also found that working men have “better quality” pensions coverage with 45% of men in defined benefit schemes, compared with 40% of women.