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...

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

Good News Corner: Rothesay Foundation partners with Clarion Futures

Good News Corner: Rothesay Foundation partners with Clarion Futures

Rothesay Foundation makes £315,000 donation to improve quality of life for elders in the UK

Martin Richmond
clock 23 February 2024 • 2 min read
First' Actuarial's Hilary Salt to retire

First' Actuarial's Hilary Salt to retire

Founding partner to retire after more than 40 years in pensions and actuarial work

Jasmine Urquhart
clock 23 February 2024 • 2 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Isio results, TPR restructure, ABI forum and WPC fiduciary duty session

Professional Pensions
clock 23 February 2024 • 1 min read
Trustpilot