Of those who are not planning for retirement, a fifth stated that they could not afford to pay into a scheme while 28 per cent felt they were too young to worry about having a pension.
Ian Martin, head of UK retirement businesses at HSBC, said: "Our research is very encouraging, in that it shows women are increasingly taking control of their own retirement planning.
"Yet many women are potentially missing out as they are still confused about when they can pay into pensions and who can pay into pensions."
In recent research by American Express, it was found that a third of people in the UK struggle to find the time to research pension schemes and plan for their long-term future.
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