Britain’s women are leaving themselves dangerously exposed to financial risk in later life a new report says.

The research also shows that almost half (42%) of women aged 30-59 are living in fear of what their retirement might hold.

HSBC Insurance's The Future of Retirement report makes grim reading for the nation's female population who appear far less prepared for their retirement.

It highlights that women may be leaving themselves open to financial hardship in later life should their circumstances change, and notes that fewer women than men have addressed their long-term financial security.

Twice as may women (17%) as men (8%) say they have no retirement planning, while almost twice as many men (32%) as women (18%0 feel prepared for the long term.


Christine Foyster, head of premium wealth proposition at HSBC, said: "Often women do not consider long-term financial planning early enough, leaving them at risk of being under-prepared in later life.

"There is also a tendency to have unrealistic expectations about how much to save and therefore to put saving off," she added.





Source: Cover Magazine

On the countries leading and most respected fund managers, Fidelity's Anthony Bolton has said the bull market could run for a 'considerable' time.

According to the Telegraph, Bolton (pictured), who is in Seoul mentoring Fidelity's emerging Asia portfolio managers, said: 'The bargain phase is over but, despite the fact the market is well off lows, we expect the bull market to go one. It's a multi-year bull market,' the Telegraph reported.

Bolton, tipped technology and consumer sectors to lead the next leg on the bull run.

He also remains bullish on banks and insurers, alongside property based on the their cheap valuations, although he expressed some concern over how regulation could impact these sectors.

'I still think it is right to own financials. I generally found after financial crisis that you can own financials [for] two to three years,' Bolton said, according to a Reuters report.

He also told the Korean media he expected China to continue driving world economic growth, although the Chinese stockmarket could suffer a setback in the short term.

'For China's market there's a possibility of a correction, but the long term outlook is still bright,' Bolton said. 'The relative growth being seen in some emerging markets is going to look particularly attractive against the low growth in the West.'

He believes emerging economies will benefit from rises domestic consumer spending. He said: 'I particularly like emerging markets that can be driven very much by domestic demand, by the internal dynamics of their economy.'

Source: Citywire.