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

More on Industry

TPR: First-time AE savers surpass 11 million

TPR: First-time AE savers surpass 11 million

Regulator warns employers to comply with their AE duties to keep pensions on track

Martin Richmond
clock 04 March 2024 • 2 min read
Smart Pension reaches £5bn in AUM

Smart Pension reaches £5bn in AUM

Provider says it expects to reach £10bn in AUM within the next three years

Martin Richmond
clock 04 March 2024 • 2 min read
PensionBee announces US expansion proposals

PensionBee announces US expansion proposals

Move aims to allow US consumers to easily consolidate and roll over their 401(k) plans

Jonathan Stapleton
clock 04 March 2024 • 2 min read
Trustpilot