Women still £5,500 worse off in retirement

The report, released by the Prudential, indicates that the average woman expects to retire on £12,250 a year compared with £18,000 for the average man - a gap of £5,750. However, the gap is falling and compares with last year's gap of £6,500 and £6,642 in 2009. The gap is narrowing in large part because the men have singificantly lower expectations for their pensions. In addition, the study found that the average amount that men and women expect to retire on in 2012 fell to a five year low of £15,500 including private, company and state pensions. This compares with £16,600 in 2011....