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Maternity mums more likely to need debt management?

Maternity mums more likely to need debt management?

- Friday, 16 October 2009

Women that leave their jobs in order to have a baby could be more likely to require debt help in the future as a result of neglected pension plans.

According to ADIDDI Wealth, women on maternity leave need to be better advised by employers on the effect their absence could have on their pension contributions and their overall pension plan.

Anna Sofat, director of ADIDDI Wealth, said: "When women go on maternity leave is another time when there is not going to be a pension.

"Employers could do quite a bit. They do give them information as to carrying on with your pension contributions or you will be scaled back, but the impact of being scaled back isn't often explained."

Ms Sofat made her comments following research from Scottish Widows which revealed that only 47 per cent of women are saving enough for their retirement compared to 59 per cent of men.

The default retirement age is to be reviewed by the government next year.
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