Women hit with £47,000 shortfall in workplace pensions, report warns

Zurich found women could be hit by a ‘triple effect' in the workplace, resulting from a gender pay gap, their likelyhood to take career breaks, and their working in sectors with less established, less generous pension schemes. The Zurich workplace savings barometer analysed more than 250,000 pension plans covering the periods 2013 to 2016 in research carried out earlier this month. This was broken down by age, gender, employee and member contributions alongside income. In the four-year period men were found to have benefited from employer pension contributions of 7.8% of salary each y...