It’s a well-known fact that women face a significant gender pension gap. This disparity can leave many women with less money for retirement than men. A good marketer identifies their reader’s problem and agitates it to show the issue’s full extent. They then offer a solution like a good mortgage broker does by default. The story’s moral is to trust your mortgage broker to find solutions to a dire situation.
Understanding the Pension Gap
Women often have smaller pension pots and longer life expectancy than men. This leads to financial challenges during retirement, especially for single women. The Scottish Widows’ Women & Retirement Report 2023 highlights these issues:
- 39% of women aren’t on track for a minimum retirement lifestyle, compared to 32% of men.
- 60% of divorced women and 75% of single mothers aren’t on track for a minimum retirement lifestyle.
- The gender gap in projected median net annual retirement income is 39%. Women are on track to receive £12k annually, compared to £19k for men.
- Women are less likely to have a private pension than men (59% vs 71%).
- Women’s private pension pots at retirement are forecast to be 37% smaller than men’s (£150k vs £235k).
You can read read the full report here!
The Role of Connect Expert Mortgage Brokers
Connect Expert Mortgage Brokers effectively addresses these challenges. As experienced mortgage brokers, we understand the intricacies of retirement planning and the potential of equity release. Our experts provide targeted support to women long before retirement age and introduce the benefits of equity release.
Equity Release | A Viable Solution
Homeowners can use the equity in their property to fund their desired lifestyle in later life. This involves releasing the wealth in their home without selling it. It’s a valuable option and should be part of broader financial planning.
Overcoming Financial Hurdles
Women face many obstacles to saving for retirement, such as the gender pay gap, career breaks for maternity leave, lack of affordable childcare, and part-time work. These contribute to smaller pension pots and limited savings. However, equity release can offer financial security and peace of mind.
Why Connect Expert Mortgage Brokers?
We pride ourselves on identifying and solving financial problems. We understand women’s challenges in retirement savings and are dedicated to exploring all available options. Our brokers provide personalised advice and tailored solutions.
Take Action Today 
Don’t let the gender pension gap dictate your retirement lifestyle. Consult with Connect Expert Mortgage Brokers to explore equity release and other financial strategies. Our expert brokers guide you every step of the way, providing support and advice for informed decisions.
Conclusion
The gender pension gap significantly affects many women. However, the right guidance and financial strategies can secure a comfortable retirement. Connect Expert Mortgage Brokers can help women navigate these challenges and unlock their property’s potential through equity release. Contact our expert brokers today and take the first step towards a secure and fulfilling retirement.
