Commenting on today’s UK Labour Market statistics, Helen Morrissey, pension specialist at Royal London, said:
“After being a real driving force in labour market growth today’s figures show that in quarter 3 the number of women in employment fell. We can only hope this is a small blip in the overall upward trend as spending any time out of the workforce has a huge impact on women’s ability to build a strong financial future as they miss out on being able to build up a workplace pension through auto-enrolment. This trend must not be allowed to continue and we need to do all we can to promote strong female participation in the workforce.”
Notes to Editors
UK Labour Market economic commentary can be found here:
About Royal London:
Royal London is the largest mutual life insurance, pensions and investment company in the UK, with assets under management of £138.9 billion, 8.6 million policies in force and 4,126 employees. Figures quoted are as at 31 December 2019.