Скачать или смотреть Women retire with less – here’s how to change that | Women and Wealth

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In recent memory, the story of Waspi women has brought into sharp focus the issues surrounding women and their pensions. With many women spending some time out of full-time employment for a variety of reasons, but most notably due to childcare, pensions contributions are often neglected but vitally important to financial security in later life. In this episode of Women and Wealth, the video podcast series from Investors' Chronicle, we look at the topic.

Personal finance editor, Val Cipriani and digital production journalist, Madelaine Apthorpe discuss the topic that feels far away but should be in any young woman's thoughts as they enter the workforce. The Pensions and Lifetime Savings Association estimates that in order to retire on a moderate standard, not even a comfortable one, you need £31k a year if you are single and almost £22k each as a couple. This assumes you have already paid off your mortgage by the time you retire and it’s after tax. Scarily, AJ Bell calculated that that is the equivalent of a pension pot worth £490,000 for a single person, or a combined £515,000 for a couple.

That's why in this episode, Val and Madi look at ways to maximise your pension pot. They discuss how your employer can help with pension contributions and what you should be doing to boost your retirement income now. Val also answers our reader's question on how you can invest your pension and make sure it's managed correctly. Val explains time horizons, decoding your pension statements and ways to benchmark performance.

Timestamps
00:00 - Why you need to start your pension fund early
04:01 - How much does it cost to retire?
07:23 - Why are womens pensions lower than mens?
12:07 - Pension contributions and why they matter
17:17 - How do I know if my pension is being invested properly?
23:34 - Where to find out more information

Women and Wealth is a six part podcast series from Investors' Chronicle. You can listen and watch the episodes, alongside our other podcasts, on Apple, Spotify and YouTube.

You can also find out more about pension planning with Investors' Chronicle pensions masterclass series.

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