In the last several months the crisis of the UK Pension System has come to the forefront of the UK media, revealing to many that the promises of old ‘get a safe and secure job, pay into your pension and retire with peace of mind’ have simply been that: promises based on an old and now defunct paradigm.
Max Keiser of the Keiser Report talks about this quite bluntly in the video below -
Further to the above the 2011 Annual Scottish Widow report on Women and Pensions, highlighted the following:
- Lack of gender equality in earnings still sees men save as much as £700 more than women a year.
- The average man saves £4,158 a year, compared to £3,457 a year for women, including any employer contributions into their pensions.
- 23% of women compared with 17% of men are saving nothing at all towards their retirement
- 71% of women say they can’t afford to save long term, compared to 60% of men.
(To read the report in full please click here)
With the various plans to shakeup the public pension system – i.e work longer for less contribution, which resulted in the one of the UKs biggest public sector strikes in a generation; the introduction of the mandatory workplace pension scheme NEST; – many individuals, particularly women as a majority of women work in the public sector and due to redundancies in that area are experiencing 23 year high unemployment rate, need to become financially savvy about Pensions and alternatives to protecting it from the grasps of a ‘financially’ broken government.
On Wednesday 11th January – TONIGHT – @ 8pm GMT Infinitely Wealthy Women will be hosting a webinar, presented by Butterfly Wealth Creation, on this very important subject; it will be the first of Infinitely Wealthy Women’s monthly ‘Webinar Wednesdays’ series for 2012. Please see the video invite below; and the link to register for the online event is here – http://bit.ly/uL1XPM
To your success
p.s. Don’t forget there are ONLY 3 more days to the end of the BWC January Sale! Saving you 64% of the ticket price for the Gold Event of 2012! An event not to be missed! Get your savings before its too late by clicking here!