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

PMI launches survey on DB investment governance

PMI launches survey on DB investment governance

Research aims to gain understanding of how DB governance is changing in practice

Professional Pensions
clock 08 May 2026 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

TPR funding statement; WTW completes Cushion acquisition and Safe Covenant launch

Professional Pensions
clock 08 May 2026 • 1 min read
Property could help to support retirement income, SPP finds

Property could help to support retirement income, SPP finds

Poll finds 90% believe real estate has a role to play in supporting retirement income

Martin Richmond
clock 08 May 2026 • 1 min read
Trustpilot