Women fall £30,000 behind men in retirement savings

clock

The gap between the amount men and women are saving for retirement could grow to a ‘record high' of almost £30,000, according to Scottish Widows.

The latest Women and Pensions Report found on average women are saving £776 less than men a year. This will mean a shortfall of £29,800 for a 30-year-old woman who saves this amount until age 65. ...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

Enrol workers into schemes at maximum contribution levels, urges WTW

Enrol workers into schemes at maximum contribution levels, urges WTW

Firm urges industry to take measures to ensure future retirement adequacy

Martin Richmond
clock 29 April 2024 • 4 min read
Just one third confident in making retirement decisions, TPT says

Just one third confident in making retirement decisions, TPT says

Pension provider set to launch new DC proposition in H2 as it releases findings

Jasmine Urquhart
clock 23 April 2024 • 1 min read
Industry split on whether pausing AE contributions should be permitted

Industry split on whether pausing AE contributions should be permitted

Buzz survey finds no majority in opinion on allowing employees to halt their contributions

Martin Richmond
clock 23 April 2024 • 3 min read
Trustpilot