22 January 2019

Growing number of women working full time is good news for financial resilience

2 min read

 
Helen Morrissey, Personal Finance Specialist

Helen Morrissey

Corporate PR Specialist – Long Term Savings

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Commenting on today’s UK Labour Market Statistics Helen Morrissey, pensions specialist at Royal London, said: 

“Today’s Labour Market Statistics show the growing role of women in the workplace. According to the stats the unemployment rate for women is 4.0%, the joint lowest since comparable estimates began in 1971. We are also seeing more women in full time work while the number of women working part time continues to decrease. Such shifts are good news for women’s long-term financial resilience. For instance we will see more women auto-enrolled into workplace pensions and able to make higher contributions to their pensions. Over time such shifts will help close the gender pensions pay gap and help women build more sustainable financial futures.”

For further information please contact:

Helen Morrissey, Corporate PR Specialist – Long Term Savings

About Royal London:

Royal London is the largest mutual life, pensions and investment company in the UK, with funds under management of £117 billion, 8.8 million policies in force and 3,745 employees. Figures quoted are as at 30 June 2018.