More than half of UK women expect to run out of money during retirement, yet say the cost of living crisis means they cannot afford to make higher pension contributions, according to a stark new report.
Fidelity International’s sixth annual Women and Money study found that 52 per cent of women did not believe they would have enough money to sustain their income in retirement.
The detailed poll of 2,000 UK adults found that more than one in 10 working women (12 per cent) had reduced their pension contributions in the past year, with those who had done so cutting back by an average of £173 per month.
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