Women are not small men

Where saving for retirement is concerned, there are specific issues that affect only women. The financial services industry must be mindful of them if it is to truly make a difference in women’s lives.

Heidi Raubenheimer, Karl Beech

“women are not small men.” This slogan alerts health practitioners to the fact that, while there are many similarities between the sexes, women also require a broader set of diagnostic tools and solutions than they would if they were simply smaller versions of men. Similarly, until we’ve achieved greater social equality, advisers and financial architects need to know that women are not small men when it comes to retirement savings. The problem with retirement savings, we are often told, is that we save too little, too late and live too long. Well, each of these problems tend to hit women particularly hard. Women live too long According to Alexander Forbes’ 2016 Benefits Barometer, men and women retiring at 65 years can expect to live another 16 and 20 years respectively, with seven to nine…

You're reading a preview of

Finweek - English (Digital) - 1 Issue, 19-oct-17

DiscountMags is a licensed distributor (not a publisher) of the above content and Publication through Zinio LLC. Accordingly, we have no editorial control over the Publications. Any opinions, advice, statements, services, offers or other information or content expressed or made available by third parties, including those made in Publications offered on our website, are those of the respective author(s) or publisher(s) and not of DiscountMags. DiscountMags does not guarantee the accuracy, completeness, truthfulness, or usefulness of all or any portion of any publication or any services or offers made by third parties, nor will we be liable for any loss or damage caused by your reliance on information contained in any Publication, or your use of services offered, or your acceptance of any offers made through the Service or the Publications. For content removal requests, please contact Zinio.