March 2022
23Mar

Affordable childcare the key to boosting women’s retirement savings

More affordable early childhood education and care could help boost the superannuation of Australian women, who are currently retiring with one third less super than men. According to a new report from Industry Super Australia, increasing the child care subsidy for low- and middle-income families to 95 per cent and flattening taper rates, could see a woman on the median wage, if she moved from part-time to full-time work, retire with an extra $118,000. Industry Super Australia says improving women’s workforce...

March 23, 2022
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16Mar

Ghana. Peoples Pension Trust partners SCBF to introduces new Pension Scheme to support women

Peoples Pension Trust (PPT) has partnered the Swiss Capacity Building Facility (SCBF) to introduce new a pension scheme. The new programme; Scaling Gender-Focused Financial Resilience (SGFR) was launched to commemorate this year’s International Women’s Day. Read also Does Informal Sector Size Impede Economy Growth in Developing Countries? SGFR will support informal, marginalized, and excluded female workers and entrepreneurs to secure their future through micro-pensions. Globally 1.8 billion people are working in the informal sector, and in Ghana, this represents approximately 80% of the...

March 16, 2022
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10Mar

UK. Gender Pension Gap widens from the age of thirty-five

New research from Aviva has found the Gender Pension Gap begins to widen significantly from the age of thirty-five. Based on the workplace pension employer and employee contributions of just over 2 million savers and retirees (1), the gap between men and women’s pension contributions for 35 to 39 year olds is 18%. It then increases to 23% for 40-44 year olds and 29% for 45-49 year olds. It then stretches to 35% for 50 to 54 year olds. Read also...

March 10, 2022
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08Mar

Why women’s pensions need more attention to reach equality

By Helen Morrissey International Women’s Day asks us to imagine a world free of bias and look towards a more equitable future. Equal pay and financial prospects are integral to this but remain an area where women continue to struggle as they remain significantly lower paid than men. This issue affects women throughout their working lives and leaves them retiring with a total pension income that is on average a whopping 37.9 per cent less than men. This is more than...

March 8, 2022
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Retired women in South Africa carry a huge burden of poverty
04Mar

Retired women in South Africa carry a huge burden of poverty

South Africa’s president, Cyril Ramaphosa, recently acknowledged that “South Africa needs a new consensus to deal with poverty, unemployment and inequality”. Despite the government’s efforts to address poverty through the provision of state grants, it’s still on the rise. In 2020, it was reported that half of the population was experiencing hardships that have pulled individuals and households into poverty. Even before the COVID-19 pandemic, the South African economy had been growing very slowly, with high rates of unemployment and increasing...

March 4, 2022
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03Mar

Nearly 2.4 Billion Women Globally Don’t Have Same Economic Rights as Men

Around 2.4 billion women of working age are not afforded equal economic opportunity and 178 countries maintain legal barriers that prevent their full economic participation, according to the World Bank’s Women, Business and the Law 2022 report. In 86 countries, women face some form of job restriction and 95 countries do not guarantee equal pay for equal work. Read also Retired women in South Africa carry a huge burden of poverty Globally, women still have only three quarters of the legal...

March 3, 2022
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February 2022
15Feb

UK. Women face gap of £7,500 per year and state pension delay

The gender gap in terms of pensions, savings and earnings is a palpable one which can impact women for their entire lives. But it could rear its ugly head even more so in later life, as women face the reality of scrimping and saving just to make ends meet. Founder and CEO of Unbiased, Karen Barrett, spoke exclusively to Express.co.uk to highlight the issues facing women. She said: “A generation of women near retirement is facing the reality that they won’t...

February 15, 2022
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January 2022
17Jan

Why Women Need to Take a More Active Role in Their Financial Futures

By Stacia Williams Too many women leave decisions about their financial futures to their husbands — and that’s hardly a retirement plan. And because women tend to live longer than men, it’s imperative that they take an active role in plotting out what’s happening with the money that will see them through the latter part of their lives. How to go about that? Any good retirement plan breaks down into five areas: income, investments, taxes, health care and legacy. Retirement income typically...

January 17, 2022
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14Jan

1 in 5 Women Are Facing Retirement Setbacks Due to Pandemic

The pandemic is contributing to a widening wellness gap between men and women. In particular, as the public health crisis lingers, women in the workforce are reporting burnout at twice the rate of men, as well as shouldering greater mental health burdens than most other groups of workers. Read also US. The clock is ticking on retirement security bills, industry experts say According to a new retirement survey from insurance and financial services company Nationwide, women's prospects for retirement are suffering,...

January 14, 2022
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07Jan

US. Pandemic’s impact on retirement savings varies by geography, gender and age

Nearly every American has felt the impact of the pandemic on the ability to save for retirement. “Retirement is expensive, and Americans were struggling to save enough money for it long before the pandemic,” according to a report from The Penny Hoarder on its recent survey. “The economic turmoil of the pandemic underscored some critical lessons about investing for the long term, including keeping calm during turbulent markets and using market slumps as an opportunity to invest when prices are...

January 7, 2022
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