Women need £185,000 more for same retirement as men

Scottish Widows suggested reforming AE and raising awareness of joint annuities

Holly Roach
clock • 4 min read
The firm’s annual Women and Retirement Report has been running since 2006
Image:

The firm’s annual Women and Retirement Report has been running since 2006

Women need to save £185,000 more than men to reach the same retirement income as them, according to Scottish Widows.

This firm's annual Women and Retirement Report - which has been running since 2006 - revealed women currently in their 20s will have only saved around £250,000 by the time they retire. By compariso...

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

Holly Roach
Author spotlight

Holly Roach

News Editor at Professional Pensions

More on Industry

PSIG chair Margaret Snowdon OBE

PSIG launches interim practitioner guide

Guide will help industry with key due diligence steps when assessing transfers

Jasmine Urquhart
clock 20 March 2023 • 4 min read
Transfer values fall to lowest month-end figure since 2016

Transfer values fall to lowest month-end figure since 2016

Decline primarily due to steady rise in gilt yields through February

Jonathan Stapleton
clock 20 March 2023 • 2 min read
PASA selects Gallagher as engagement partner

PASA selects Gallagher as engagement partner

Gallagher becomes PASA’s expert partner for engagement and communications

Holly Roach
clock 20 March 2023 • 1 min read
Trustpilot