Women need extra £1,400 a year to close savings gap

However, Scottish Widows revealed the gender gap in adequate savings has closed

Holly Roach
clock • 3 min read
Women need extra £1,400 a year to close savings gap

The average 25-year-old woman would need to save an additional £1,400 a year to close the savings gap with the average man, according to Scottish Widows.

The firm's annual Women and Retirement Report - which has been running since 2006 - revealed the gender gaps in pay and pensions are worsening. Scottish Widows said gender gaps in pension wealth...

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