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Last Updated: Monday, 28 August 2006, 11:27 GMT 12:27 UK
More women become 'secret savers'
Women attending summer party
More women are seeking financial independence
Nearly one in 10 women are saving money without telling their partners, according to research by investment firm Scottish Widows.

The rise of so-called "secret savers" is due in part to women seeking financial independence before embarking on a long-term relationship, it said.

It is estimated that more than one and a half million women are building up savings independently of their partner.

The survey found women in the Midlands were most likely to be secret savers.

'Changing society'

On the other hand, those living in East Anglia and Humberside were least likely to make savings decisions on their own.

Scottish Widows interviewed 1,300 women aged between 18 and 65 for the survey.

"Our survey findings show that there is a trend for women to build their own savings separate from their partners," said Anne Young, senior marketing manager at Scottish Widows.

"In today's ever changing society, jobs, marriages and money come with no guarantees so planning ahead is essential."

Research by the same firm earlier this year found that more than one in five women do their financial planning on an ad hoc basis.




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