All over the world, longer life expectancies and ageing populations have led to a shortfall in retirement savings. This Phenomenon is even more prevalent among women. Women on the average live 5 years longer than men; this makes their retirement needs more pronounced.
In both developed and developing economies, the risk of poverty in old age falls disproportionately on women because women often have interrupted careers to meet important family needs such as reproduction, following a spouse on a transfer, giving up a career in the same organization as the man in fulfillment of company policy, post child -delivery complications or child care. Interrupted careers mean interrupted pension savings and this can lead to a degree of poverty in old age. Other reasons accounting for poverty at old age among women is lower earnings, no earnings at all for full time housewives and increased expenditures for moms without support.
Women deserve a decent retirement and for this reason, the PenTrust She Retires has been uniquely designed to take care of the retirement needs of women
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