Building on annual research since 2010, Dell Technologies ranks cities based on the impact of local policies, programs and characteristics in addition to national laws and customs to help improve support for women entrepreneurs and the overall economy.
In the first quarter of 2019, 59,800 people were randomly assigned or admitted to a privately managed pension fund, the percentage of people randomly assigned decreasing by about 45 percent compared to December 2018, indicating an increase in interest in
Despite the increase, 22 per cent of UK adults expect they will never be able to retire, equating to around 8 million people
Gareth Pickles, managing director at Capita Employee Solutions, which carried out the research, said there is “a real appetite” for innovative pension solutions
According to the report, women typically have £51,000 in their pension by the time they reach their 60s, compared to an average man’s £156,500 pension pot
In addition to 401(k) plans, $535 billion was held in other private-sector DC plans, $1 trillion in 403(b) plans, $333 billion in 457 plans and $606 billion in the federal employees’ Thrift Savings Plan.
The research also showed of the women without pension savings, when it came to paying for their retirement, 65 per cent said they will be reliant on the state pension.
In 2018, for private sector defined contribution schemes, the average total (member plus employer) contribution rate was 5 per cent, rising from 3.4 per cent in 2017.
These homeowners see property as the most important contributing factor to their financial comfort in later life (68%), and over half (56%) feel they can benefit from its financial value while they still live there.