Mens pensions put wives at risk

Published: 4:52PM GMT 03 March 2010

Half of all tied together men who used their grant pot to buy an payments paid for a singular hold up policy, according to Standard Life, the insurer. This equates to that if they die prior to their wife, their associate will not embrace any income from the policy.

But if they had purchased a corner hold up annuity, their mother would go on to embrace a grant income after they died, nonetheless the rates paid on the payments would be reduce than for a singular hold up one to simulate the longer duration for that it is expected to compensate out.

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The miss of grant sustenance for women comes notwithstanding the actuality that they live for an normal of 9 years longer than men, whilst they are half as expected to have a in isolation pension, withdrawal them reliant on the state pension.

Mark Polson, head of patron government at Standard Life, said: "Women will majority expected endure men, nonetheless are slightest expected to have a plan for their income in the future, formulating a grant income gender gap. It"s only not sufficient for a lady to rely on their partner"s grant plans and by not receiving carry out of their own future, they put their destiny income at risk.

"We are asking women to being check their long-term plans right away to secure the destiny they goal for themselves."

YouGov questioned 2,064 people in between Dec thirty and Jan 4.