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

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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Aon Master Trust connects to pensions dashboards ecosystem

Aon Master Trust connects to pensions dashboards ecosystem

Aon confirmed it had connected the scheme ahead of the 30 April target

Holly Roach
clock 08 May 2025 • 1 min read
Bank of England cuts interest rates to 4.25% amid mounting challenges

Bank of England cuts interest rates to 4.25% amid mounting challenges

Markets had been forecasting a 25bps cut this month given April's NIC rise

Sorin Dojan
clock 08 May 2025 • 4 min read
Barnett Waddingham makes first connection to pensions dashboards ecosystem

Barnett Waddingham makes first connection to pensions dashboards ecosystem

Connection was made by consultancy’s integrated service provider, Equisoft

Holly Roach
clock 08 May 2025 • 1 min read
Trustpilot