Planning for retirement “could reduce the number of women in debt”
The number of people in need of plans for debt management in adult life can be as high due to the low number of women who secure retirement.
More women need to plan for retirement and many depend on the annuity for your spouse to support them, a study has found, highlighting the number of people who may need management plans debt in later life.
Figures published by Standard Life show that half of married men purchase only a single life annuity, which could leave your partner without an income if it will soon.
Tags: adult life, bowsher, consumer finance, financial education, gender gap, life annuity, married men, personal pension, retirement fund, state pension