Financial planning for mid-career women

Woman on her phone doing financial planning


Julie Hutchison

20th January 2015 at 4:24pm

Context is everything.

When I’m talking to my mum or anyone from her generation about money issues, top of the list are the new inheritance rules for pensions. Many in my mum’s generation rely on the pension savings of their husband for their future financial security.

But that’s not the context I see for me or my friends, in Generation X.

Generation X

For a start, there are now more people living on their own than in the past, so being self-reliant is more important.

Families are also getting smaller. The old adage of ‘2.4 children’ isn’t relevant today – figures from 2012 show one child families now come top the list for family size.

And the number of women in work is at the highest rate since records began – 67.2%.

So if we’re not getting married, having fewer children and are more likely to be bringing home a salary, are we making the most of the combination of these factors for our future financial security and happiness?

I reckon the answer to that is a resounding ‘no’.


As I’ve written about before, in general terms women are not as confident as men when it comes to building future wealth through investing.  In some research we did recently about pensions, 50% of women compared with 39% of men didn’t know the value of their pension savings. But the good news is that with technology at our fingertips, it’s really easy to manage money online. Whether it’s your bank account, savings, investments or pension, we have more opportunity today than ever before to take control and get on the right path with money management.

If you want to make sure you have future fun money to pay for the holidays and social life you want later on, you just need to invest time NOW in getting your finances in shape.

Julie is talking about the issues covered in this blog at two free events hosted by Standard Life in The Gherkin in London, on Wednesday 4th March. If you would like to invest an hour of your time to kick start your own financial makeover, click here for more information about the afternoon event, and click here for more information about the evening event.

This blog and any responses to comments are not financial advice. This blog was updated on 26th February 2015.

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