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

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 Industry

Buzz: Is buyout the universal 'gold standard' option for endgame?

Buzz: Is buyout the universal 'gold standard' option for endgame?

Endgame options, targeted support for members and scheme tax relief subsidies

Professional Pensions
clock 30 June 2025 • 1 min read
News Digest: Pension pots of savers at risk from new UK rule, industry experts warn

News Digest: Pension pots of savers at risk from new UK rule, industry experts warn

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 30 June 2025 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Festina Finance enters UK pensions admin market, Schroders scheme invests in LTAF and £900m bulk annuity deal

Professional Pensions
clock 27 June 2025 • 1 min read
Trustpilot