Almost three in 10 (29%) of women who were surveyed by the pensions and investments company Royal London confessed that state pension will be their only source of money for their retirement
A warning has been issued to women about a new state pension income gap as many say they are more likely to rely on it as their only source of retirement cash. .
The warning has been issued as Women Against State Pension Inequality continue their fight for compensation over changes to the national retirement age. Now, fresh doubts have been cast over whether the campaigners will get the amount of "at least £10,000" each they are asking for. However, Moneybox's Paul Lewis wrote in inews.co.uk that he believes WASPI is fighting a losing battle. He said: "It wants Ministers to bypass the Ombudsman and use some of the £200 billion saved by raising the State Pension age to pay the 3.6 million women affected 'a five figure sum' perhaps averaging around £10,000 each but adjusted for the impact on individuals.
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