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Women have less financial resilience to bounce back from financial shocks and are more likely to be trapped in poverty in later life, according to a new report by Insuring Women's Futures (IWF). IWF is a programme established by the Chartered Insurance Institute (CII) to support the insurance profession's role in relation to women and risk.

The report

Risk In Life tile

Key statistics

Some key findings from the report include:

  • Longer life expectancy means the average cost for women entering a care home from 65-74 is £132,000, nearly double the cost of men's

  • The average man accumulates five times the pension pot of the average woman

  • Women now earn the same as men in their 20s but men overtake them at age 30

  • Separation and divorce present key risks for women

  • Average pension pots for divorced women worth approximately £9,019 compared with £30,341 for divorced men


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