Lloyds of London CEO: Women in late 30s would not survive a month without income

clock • 2 min read

Inga Beale, chief executive officer of Lloyd's London has said that despite controlling "70-80% of consumer spending globally", "over a third of women in their late 30s would not be able to survive for 'one month if they lost their regular source of income'.

Speaking at the annual Fortune Most Powerful Women International Summit in London alongside Jude Kelly, Artistic Director of Southbank Centre, she explained that "even though women have reached that age, they have no idea how to be able to save money or be able to look after themselves if something goes wrong". She compared this to men, who will have "five times more money in their pensions for their retirement than women". When asked how the UK would change this attitude to finances Inga explained there are lots of changes that would help. She said: "One is we get more women worki...

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