Secured loans could aid retirement
12/11/2007More women are finding that they have not begun to save early enough to fund retirement, claims one expert - which could lead to many considering secured loans.
A spokeswoman for AJS Wealth Management (AJS), a wealth management and financial planning company, said that many women in their forties and fifties now feel it may be too late to start saving for a pension plan.
Anna Sofat, director of AJS, said: "I do come across women who start to think about [pensions] … in their forties or even early fifties, and they think: 'Is it actually worth me doing something about it now?'"
She added that many women feel that they are not financially in a position to give up a large part of their income and this can mean that they do not have money available in later life.
For some people secured loans or homeowner loans can be a good option for funding their future.
A recent survey by Scottish Widows revealed that women paying into a pension tend to contribute around 66 per cent of the amount that men save.
 © Adfero Ltd
<< Back to News page
|