58% of women do not know the value of their pension pot, Pink Investments Market News & Updates

58% of women do not know the value of their pension pot

[2012-10-20]

Retirement planning is consistently the top trigger for pinkinvestments.org readers to seek independent financial advice. Standard Life’s Value of Advice Report clearly shows that seeking independent financial advice doesn’t just pay with regards to the amount of money saved (making advised savers as much as £232 a month better off in retirement), it also leaves retirement savers better engaged with their finances.

Women who didn’t take advice on their pension provision are a group with a particularly large knowledge gap, with almost 58% of women with retirement savings saying they don’t know how much they have accumulated in value. Only 30% of advised female pension savers don’t know how much their pension savings are worth..

Today’s 35-54 year olds are the generation least in touch with their retirement savings, with just 41% of those who haven’t sought financial advice on their retirement funds knowing the value of their savings compared to 71% of advised people in that age group.

Close the knowledge gap now – download our free pensions ebook…

http://www.pinkinvestments.org/index.php?module=ebooks&action=ebooks-retirement

Or watch our quick video series…

http://www.pinkinvestments.org/index.php?module=resources&action=videos-retirement

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Disclaimer: All the information above is provided as a service for individuals and institutions. It should in no way be construed as a recommendation as an investment. Investment decisions should be based on the risk tolerance and planning horizon of the investor. Market participants must understand that past performance is also not a guarantee or predictor of future results.