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

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

Standard Life workplace net inflows hit £5.3bn

Standard Life workplace net inflows hit £5.3bn

Firm’s full-year results reveal new workplace members were up 14% in 2025

Jasmine Urquhart
clock 16 March 2026 • 2 min read
ABI finds concern over proposed government power to mandate investment

ABI finds concern over proposed government power to mandate investment

Survey finds 72% of adults have little or no confidence in the government to make the right decisions about their pension

Holly Roach
clock 16 March 2026 • 1 min read
Pension Schemes Bill reaches House of Lords report stage

Pension Schemes Bill reaches House of Lords report stage

Members of the House of Lords will closely scrutinise elements of the bill

Holly Roach
clock 16 March 2026 • 1 min read
Trustpilot