Women face particular challenges obtaining decent retirement income because of existing rules based on outdated assumptions of family units, lower average wages, lower employment rates, and more part-time work.
Together, these and other reasons mean changes to the UK pensions system must ensure that women gain access to both state and private pension benefits in their own right, the Pensions Commission says in its report today. Retired women of all ages on average have less income than men. This is because women on average have contributed less into occupational pensions as a result of having lower paid jobs with fewer working hours, and have tended to work in areas of the services sector where pension provision has not been as great, the data suggests. Historically, the structure of the ...
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