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

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

SPP: The message to the government is clear - don't mandate

SPP: The message to the government is clear - don't mandate

Jeremy Goodwin says mandation would ‘drive a coach and horses’ through the prudent person principle

Jeremy Goodwin
clock 14 October 2025 • 3 min read
Most DC schemes do not offer at retirement benefit options

Most DC schemes do not offer at retirement benefit options

But TPR survey finds schemes are taking steps to review, launch or partner to provide members with solutions

Jasmine Urquhart
clock 14 October 2025 • 2 min read
L&G expands retirement planner to younger DC members

L&G expands retirement planner to younger DC members

Firm says planner has ‘significantly boosted’ retirement readiness among members approaching retirement

Martin Richmond
clock 07 October 2025 • 2 min read
Trustpilot