Older women have just £38k in pension pot

Scott Sinclair
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Women aged over 51 have accrued less than £38,000 on average in retirement savings, compared to almost £55,000 saved by men, a new report warns.

Scottish Widows' annual Women & Pensions Report said attitudes to savings and retirement could lead to "widespread poverty" among future generations of women. Based on a survey of more than 5,000 adults, the study found women aged between 51 and 59 have accrued on average just £37,642 in their pension, while men have saved £54,345. Meanwhile, younger women - aged between 18 and 29 - have typically accumulated just over half of that achieved by young men: £4,816 on average compared to £7,709. They are saving just £49 per month, compared to £111 per month for men. The report comes am...

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