The ultimate guide for Women and Pensions podcast
Our latest Bringing retirement into focus report highlights that women remain far less comfortable talking about money and are less likely to seek financial advice. Understanding that conversations influence action, we created The ultimate guide for Women and Pensions podcast to help demystify pensions and use relatable, entertaining storytelling to influence more women to take action for their financial future.
Now in its second season, the podcast covers important topics with a great mix of insightful and influential guests. Sonya Lennon, our Second Life mentor and host of the podcast, is joined by Richard Hogan, Mary Kennedy, Aisling Hassell and Sinead McEvoy to discuss how we can better engage with women on their financial planning journey.
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The views shared on this podcast are the speaker’s own and do not represent financial advice.
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You can also listen to season one of The Ultimate Guide for Women and Pensions podcast on Spotify and Apple Podcasts.
Engaging with women on their pensions and retirement planning
As retirement specialists, we know how personal each retirement journey is. Research shows us that the desire for retirement planning among women is high. As industry leaders, we need to work on building confidence and break down the engagement barriers for women.
Here are some of the key insights highlighting the confidence gap regarding pensions and retirement between men and women.
46%
of women vs 39% of men are feeling scared/anxious thinking about retirement
Only 24%
of women vs 37% of men feel financially prepared for retirement
1 in 4
of women are concerned they won't be able to retire vs 36% of men
Source: Bringing retirement into focus 2024, Standard Life.
The working life of a woman is marked with milestones shaping their journey to retirement. Childbirth, child-rearing, and caring obligations can pull and push them in different directions at certain points.
Evidently, women need to start making time to begin their retirement planning. A simple step, like completing our Second Life Questionnaire can make a big difference in starting the journey.
Financial inclusion to support retirement planning
Across Phoenix Group, we’re working on financial inclusion as a core pillar in our sustainability programme. We are living longer lives, with a greater number of years in retirement. Increasing financial inclusion to support retirement planning is now essential. As part of the Group, we have access to a deeper bank of research, enjoy a range of think tanks and thought leadership.
For Standard Life, our key focus under this programme is women. We leverage Group resources to continuously develop our programme of inclusion.
Looking for more information?
At Standard Life, we’ve built a platform that helps to re-frame retirement, Second Life. By connecting people, men, or women, to the potential of their future selves, we can begin to have more rounded conversations on how to get there.
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Planning for retirement
Visit our retirement hub, where experts share experience and offer retirement planning advice to support your conversations with clients.
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How much income will my clients need in retirement?
Share this tool with clients to work out how much they may need to support their Second Life.