Connect with us
Advertisement
Advertisement

Business

Women’s pension savings alarmingly lower than men’s, study shows

Published

on

IN a revealing study conducted by Handelsbanken Wealth & Asset Management, a stark gender gap in pension savings across the UK has come to light, with women’s pension pots alarmingly worth only half as much as men’s. The average pension pot for women is reported to be around £37,500, significantly lower than the £75,000 average for men, raising concerns over financial security for women in retirement.

Key findings from the report, “Gender and generation: unravelling the wealth gap,” highlight a concerning disparity in pension savings and awareness. Nearly one-third of women have pension savings under £25,000, whereas this figure stands at only 16% for men. This gap is further exacerbated by a lack of certainty about pension values, with 33% of women unsure about their pension pot size compared to 24% of men.

The situation appears slightly more promising among younger demographics, suggesting a potential shift towards narrowing the gap. However, with only a third of UK adults confident about achieving a comfortable retirement, the need for enhanced awareness and proactive pension planning is evident. The gender disparity in confidence about future retirement is stark, with 38% of men expressing confidence compared to only 27% of women.

The research also delves into pension management habits, revealing that men are more likely to take personal control of their pension plans than women. This trend underscores the urgent need for increased support and education around pension planning, particularly for women, to ensure equitable financial security in retirement.

Christine Ross, Head of Private Office (North) & Client Director at Handelsbanken Wealth & Asset Management, emphasizes the critical nature of the findings. She advocates for concerted efforts to bridge the gender gap in pension savings, highlighting the importance of supporting older women and encouraging younger generations to engage with pension planning from an early age.

This comprehensive study sheds light on the pressing issue of gender inequality in retirement savings, calling for immediate action to support women in securing their financial futures.

Business

Business event shares key insights in renewable energy, innovation, and leadership

Published

on

BUSINESSPEOPLE across Wales have gained exclusive behind-the-scenes access to JCB Transmissions to learn about its new hydrogen generator technology, workplace culture, and future developments.

Organised by the Institute of Directors (IoD) North Wales, attendees toured the facility in Wrexham and received expert insight into the company’s role in manufacturing components for carbon efficient machinery from JCB operations director Craig Weeks.

Guests were equipped with professional leadership knowledge as Craig shared his career journey with the multinational manufacturing business, as well as highlighting key decisions made to increase business growth and efficiency.

He also revealed practical ways the firm invests in its workforce by utilising training opportunities provided by the North East Wales Skills Academy (NEWSA) and Gatewen Training Services.

David Roberts, chair of North Wales IoD, believes the event spotlighted JCB’s innovation and contribution toward Wales’ net zero by 2050 target.

He said: “From its latest hydrogen generator technology to its production of gearboxes, axles, and transmissions systems, it’s evident that JCB Transmissions is paving the way as a leader in creative, cutting-edge renewable technology.

“Moreover, I think the experience gave guests the chance to understand ways in which they could make more informed investments and the long-term benefits of upskilling members of their respective teams.

“Seeing business leaders and directors attend from across Wales was also very encouraging and I hope they feel more empowered to excel in their industries.”

Speaking about Craig, an IoD North Wales Skills Development award winner, David continued: “I think there is a lot to learn from his leadership.

“His careful, considered allocation of company resources, alongside his career path from axle and gearbox technician to operations director, demonstrates great creative direction and tenacity.

“Overall, building a supportive and welcoming culture in any firm is essential for longevity and it’s something I think JCB Transmissions showcased to all attendees.”

To become an IoD volunteer, contact David Roberts on 07899 910 293.

For more information and to view upcoming events on the IoD in North Wales, visit www.iod.com/events-community/regions/wales

Continue Reading

Business

Air quality at historic Pembrokeshire mill ‘cleanest ever recorded in UK’

Published

on

THE AIR around a historic mill on the Bluestone National Park Resort estate has been found to be cleaner than any site currently monitored by the UK Government.

Black Pool Mill, an early 19th-century water mill that now houses a restaurant near Canaston Woods, has been recording air quality since 2024 as part of Bluestone’s ongoing commitment to sustainability.

According to the data, the mean average of PM2.5 – fine particulate matter less than 2.5 micrometres in diameter – at the site is just three micrograms per cubic metre. That is significantly below legal limits in Wales (25) and England (20), and cleaner than any figures recorded at official UK monitoring sites.

PM2.5 particles can come from aerosols, vehicle fumes and industrial emissions, as well as natural sources such as dust and pollen. The health impacts of long-term exposure to these particles are well documented, contributing to respiratory and cardiovascular issues.

Professor Paul Lewis, Chief Scientific Officer at Health and Wellbeing 360 and Clean Air Programme Regional Champion for Wales, is leading the research. He said: “Black Pool Mill is clearly way below the legal thresholds. South Pembrokeshire benefits from westerly sea winds and very low levels of man-made pollution. The mill is surrounded by ancient woodland, in a sheltered estuary valley, and sits within Bluestone’s car-free resort – all of which contribute to these outstanding results.”

Environmental scientist Marten Lewis, director of sustainability at Bluestone, said: “We’re delighted but not surprised. This confirms that our efforts to protect the environment and put the wellbeing of our guests and staff first are paying off. Following our recent King’s Award for Enterprise in sustainable development, this shows why Bluestone stands out as a model for regenerative tourism.”

Mr Lewis added that Bluestone is now looking to trial new low-particulate cleaning products and expand monitoring to indoor areas including lodges, the resort pub, and children’s play facilities.

Black Pool Mill reopened in 2023 following extensive restoration and now forms part of Bluestone’s visitor experience, offering seasonal food in a historic riverside setting.

Photo caption:
Clean air: Black Pool Mill sits in ancient woodland near the River Cleddau (Pic: Bluestone)

Continue Reading

Business

Specsavers launches first at-home hearing care service in Wales

Published

on

SPECSAVERS has launched a new audiology service in Wales, supporting people across South East and South West Wales, from Fishguard to Caerphilly, who are unable to visit their high street stores.

The new team of hearing experts will provide free home hearing checks to those who cannot leave their homes unaccompanied. The service is being led by audiology directors Andrew Williams and Matthew Maguire, who have joined forces with the existing optics Home Visits team to expand services beyond eye care.

It offers the full range of hearing services available at Specsavers stores – from hearing checks and wax removal to hearing aid fittings.

Audiology director, Andrew Williams, comments: ‘We’re thrilled to bring this service to Wales, helping people who might otherwise struggle to access quality hearing care – whether due to mobility issues, mental health or the challenges of old age.

‘To be the first Specsavers team in Wales to deliver this type of service is a key milestone and one we’re proud to be leading. We’re looking forward to getting to know the local community and bringing essential support to those who need it most, right where they feel safest and most comfortable.’

Customer service director, Alison Warren, who has led the optics team since it first launched 11 years ago, adds: ‘After months of planning, it’s fantastic to see this new service up and running. The impact of at-home appointments goes far beyond clinical care. For many of our customers, especially those living alone, we might be the only face they see that week.

‘It’s not just about hearing aids or eye tests, it’s about connection, dignity and taking the time to really be there for someone.

‘Having Andrew and Matthew join the team means we can bring that same level of care to people’s hearing needs too and that makes a real difference to their quality of life.’

To mark the launch, colleagues from across Wales came together to celebrate at their new office in Palmerston, Barry. The occasion was an opportunity to raise awareness of the new service and highlight the positive impact it aims to have across the region.

For more information or to book an appointment, call 01446 508128 or visit the Specsavers website: https://www.specsavers.co.uk/home-hearing-tests.

Continue Reading

Crime2 hours ago

Teen admits causing serious injury in Newgale campsite crash

A 19-YEAR-OLD has admitted causing serious injury to four people after crashing his car into Newgale Campsite near Haverfordwest. Jack...

Health12 hours ago

Staggering rise in autism and ADHD delays across west Wales

Thousands of children now waiting for assessments as paediatricians warn of crisis in community care THE NUMBER of children waiting...

Crime1 day ago

Rural crime in Wales rises despite UK-wide decline

Farmers targeted as organised thefts cost £2.8m in 2024 THE COST of rural crime in Wales rose by 18% last...

Community3 days ago

West Wales marchers press on as Egyptian authorities crack down on Gaza protest

No reports of Pembrokeshire detentions as international participants face violence and deportation ACTIVISTS from Pembrokeshire taking part in the Global...

Business4 days ago

Milford Haven Port: Hospitality income overtakes biggest energy terminal

Tourism and hospitality generate more than any single energy customer, marking a historic economic shift for the UK’s leading energy...

News5 days ago

West Wales activists join international march to Gaza border

Campaigners walk 30 miles through the Sinai desert to demand humanitarian access to Gaza ACTIVISTS from West Wales are among...

News5 days ago

Pentagon review puts Pembrokeshire radar project in doubt

A DEEP space radar facility planned for the former RAF Brawdy base in Pembrokeshire could be scrapped or delayed as...

News6 days ago

Spending Review slammed as rail funding ‘falls short’ for Wales

Tories accuse Labour of rewriting history, Lib Dems say Wales ‘gets the scraps’, and unions urge caution LABOUR’S headline £445...

News7 days ago

Pembroke Road closed after serious crash near school

PEMBROKE ROAD in Pembroke was completely closed this afternoon (Tuesday, June 10) following a serious road traffic collision near Ysgol...

News1 week ago

Milford Haven function centre outdoor dining area refused

A RETROSPECTIVE scheme for an outside dining area on a listed building in the most prominent street in Milford Haven’s...

Popular This Week