In England, a person can get a bus pass for free travel when they reach the female state pension age, and this is regardless of whether they’re a man or woman.
In a report, called Five years of freedom: Evolution, not revolution, the DCIF also reveals that take-up of advice and support offered by providers remains low, which may partly explain why they wish to see the introduction of more controls.
The average savings amongst women are up 4.6 per cent since 2007/08, equating to an additional £5,900 in income every year of retirement.
Just Group communications director, Stephen Lowe, said that life expectancy remains the cornerstone of later-life financial planning, and that it was crucial that people bear it in mind when establishing their later-life financial plans.
The maximum of the individual premiums will be 22,000 forints, she said, which will be allocated to retirees with a pension of 80,000 forints or above.