The development of Isas as a retirement solution could improve women’s pensions, said Scottish Widows head of pension market development Ian Naismith.Speaking at the House of Lords, Naismith said evidence shows women are attracted to Isas disproportionately more than other long-term savings products. He said this fact should be capitalised on as after A-Day Isas can be automatically converted into a pension as the saver moves tow-ards retirement. Naismith said the Government should also look at proposals such as excluding Isa assets when calculating means tested benefits if means testing continues into the future. He criticised the current system for the way it favours higher-rate taxpayers and said a fairer system of distributing tax relief needs to be found. The Government will carry out a review of Isas in 2006 and says it is fully committed to the savings vehicle and will look at ways it can be developed. Naismith said: “Using Isas for your pension will become increasingly common and we know they are more popular among women.