A new study has identified that more than 50% or professional women are concerned about their financial situation once the reach retirement.
YouGov who conducted the research found that of the 53% of women identified as concerned, just short of 40% did believe that their existing plans for a comfortable retirement would be achieved.
Over 2000 women were questioned and nearly a quarter of this population, between the ages of 40 and 54 have need even planned or considered any form of savings for their retirement. A staggering 58% found the whole matter simply to confusing to deal with.
Even though there was a population of women identified as making saving plans for their retirement, the financial sum was less than £100 per month. This accounted for nearly 50% of then women asked.
The Head of Financial Services at YouGov identified that "There's a real need for pensions that take account of women's maternity leave and career breaks."
An industry expert has suggested that in today, woman are finding it easier to break through the glass ceiling in their career, compared to previous years.
Role models for younger women today play a big part in encouraging women to aspire to high level careers.
In today's society there is more emphasis on flexible working and legislation which is enabling women to progress further with their chosen careers even though they have demanding family responsibilities.
Although we see more appetite for flexible working, there is still discrepancy in the number of females in senior roles in organisations and as part of the governments key agenda points targets must be achieved whilst they are still in power.
Some of Britain’s leading companies have achieved the government’s target of having at least a quarter of their boards being female. This is represented by one in five FTSE 100 companies.
The Professional Boards Forum has revealed that 16.7% of FTSE 100 companies are now held by women, which has increased by 12.5% since 2010. This is a positive achievement as the target has been set for 2015 by the government, so it demonstrates businesses are taking action.
The former Trade Minister Lord Davis had indicated in his report of 2011 that just over 90 seat must go to females by this target date of 2015.
Some of the FTSE 100 businesses which are highlighted as making the changes are Diageo, Marks and Spencer, Pearson and GlaxoSmithKline. These companies have already successfully achieved their target well ahead of this date.
Posted in Legislation