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?


More on Industry

The most read stories on PP this week

Five stories you may have missed this week

TPR CEO speaks at PP Live, and M&S scheme affected by Capita breach

Professional Pensions
clock 26 May 2023 • 1 min read
First Actuarial founding partner Alan Smith

First Actuarial extends share ownership

Extension of share ownership follows retirement of founding partner Alan Smith

Martin Richmond
clock 26 May 2023 • 1 min read
Four steps to agreeing an endgame objective

Four steps to agreeing an endgame objective

Hymans Robertson’s Richard Wellard looks at the journey to buyout for DB schemes

Richard Wellard
clock 26 May 2023 • 5 min read