Women's pension contribution rates drop 5%

Women's average monthly contributions fell 5% to £200 a month, according to the Friends Life Workplace Savings Index. This was 38% lower than men's average of contribution of £324, Friends Life says. Average contributions for women under 30 decreased by £2 to £128 a month, women aged 30-45 saw a £1 decrease to £213 a month and women aged 60 or more saw a £2 decrease to £193 a month. Women in the 45-60 age group saw an increase in average pension contributions, but this was lower than for men of the same age. The report found that men increased average contributions by £14 to £3...