Self-employed women are investing more in their pensions than German women overall and can therefore look forward to retirement with peace of mind.
Self-employed women are very aware of the importance of additional pension provision for their old age and are investing considerably more in their pensions than German women overall. As a result, they can look forward to retirement with peace of mind: more than three quarters of them - 78.7% - feel that they are very well or more or less well covered. Of German women overall, less than half responded so positively. This was the result of a representative survey carried out by the market research institute TNS Infratest and commissioned by the Wiesbaden-based financial services provider, Delta Lloyd. 1,000 women aged between 18 and 50 took part in the study, on the subject of pension provision.
High levels of pension investment
The optimism of the self-employed women appears to be well justified, as nearly 40% of all women respondents who do not work in a salaried position put 6-10% of their income into a pension, with more than 20% of this group investing 11-20% in their pension. Such high levels are only to be found amongst the top salaried positions. Of these, 42.3% of respondents invest 6-10% of their income in their pension, and 26.6% invest 11-20%.
By way of comparison, for German women overall, the proportion of those investing 6-10% in their pension stands at just 30.8%. Only 13.5% of German women invest 11-20% of their income in their pension fund.
Occupational disability insurance vital
Protection against occupational disability also comes high up the rankings among self-employed women in comparison with German women overall. 28.2% of them believe that occupational disability insurance is very important, with this figure falling to just 16.8% for German women overall. "For self-employed women, their ability to work is their greatest capital, which means that insurance against becoming unable to work is also particularly important. It also means that occupational disability will leave no gaps in their pension provision", explained Frank Lies, pensions expert at the Wiesbaden's financial services provider, Delta Lloyd.
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Further information about:
Martina Fassbender
Telephone: 0611 773 25 71
Fax: 0611 773 14 25 71
E-mail: martina.fassbender@deltalloyd.de
Internet: www.deltalloyd.de
Notes to editors:
Information on the study
In the framework of this survey, which was carried out in July 2008 by the market research institute TNS Infratest on behalf of the financial services provider Delta Lloyd, a total of 1,000 women aged from 18 to 50 were asked how they see their pension requirements for their retirement cover and what steps they have already taken. The women interviewed represented a cross section of the female population in Germany. The survey was conducted by means of computer-supported telephone interviews using a structured questionnaire, in line with the Computer Aided Telephone Interviewing (CATI) method.
About Delta Lloyd
Delta Lloyd Deutschland is a 100%-owned subsidiary of the Delta Lloyd Groep, Amsterdam, and therefore part of the British Aviva Group. The company provides a wide range of financial, investment and provident products from a single source, as well as providing expert consultancy on all financial issues. In addition to Delta Lloyd Leben and Hamburger Leben, a pension fund and a consultancy for occupational pension schemes respectively, the Delta Lloyd Group in Germany also comprises its own private banking company, a real estate company and a mortgage broker.