Sep 3 2008
Women in the UK are more affected by concerns over pensions and retirement income than their male counterparts.
This is according to a study conducted by The Hartford in conjunction with YouGov, which discovered that 54 per cent of females aged between 45 and 54 were either "somewhat" or "very" concerned about their financial position in retirement.
In contrast, only 45 per cent of men questioned reported similar concerns.
Commenting on the findings, Michael Rudge, UK managing director of The Hartford, said: "It is entirely understandable that women are now worrying more about retirement than men.
"In addition to living longer than men, women often appreciate the cost of living more."
However, in more positive news for women, Standard Life recently suggested that pension changes planned by the government may benefit female divorcees.
Due to come into effect in April 2009, the alterations will see the abandonment of current restrictions on people who receive part of their ex-partner's pension income.
