More than 60% of women do not have a private pension, a new study has found.

According to a survey carried out by Behaviour and Attitudes for Aviva men are more proactive and confident about their retirement income than women.

Almost half of the men polled said they had a pension, compared with 37% of women.

One in four women surveyed said a pension was something they were unlikely to ever do.

While the participation rates for both genders are far too low, the case for women is particularly concerning
Aviva said the results show a pension pay gap of 10%, which could point to a future of financial dis-empowerment amongst future female retirees.

More than 1,000 people were interviewed nationwide for the study.

Of those without a pension, a third said they had not thought about what income they will survive on when they retire.

When asked about security of their future retirement income, almost two-thirds of men indicated a higher level of confidence compared to 40% of women, suggesting greater levels of concern amongst females when it comes to pension provisions.

Head of Individual Life and Pensions at Aviva Ann O’Keeffe said: “Having conducted this same survey for the last four years we have found that, worryingly, pension coverage for women has remained largely stagnant at 37% since 2014.

“While the participation rates for both genders are far too low, the case for women is particularly concerning.

“Saving for retirement doesn’t appear to be high on people’s agenda.”

Maybe it is time to have a think about your future!