Women fall £30,000 behind men in retirement savings

The latest Women and Pensions Report found on average women are saving £776 less than men a year. This will mean a shortfall of £29,800 for a 30-year-old woman who saves this amount until age 65. Lynn Graves, head of business development, corporate pensions said: "It has never been more important for the pensions industry, government and employers to raise awareness of this gender gap in retirement savings and help women prioritise their pensions." In addition, the number of women saving nothing for retirement has increased from 23% to 26%. A fifth of men (20%) save nothing for retire...