Gender retirement income gap widens by £1,000

Prudential research

Hannah Godfrey
clock • 3 min read

The gender gap between annual expected retirement incomes for 2017 has widened by £1,000, with men's average expected income increasing while that of women has dropped back, according to Prudential.

Research by the group has indicated women expecting to retire this year will now be £6,400 a year worse off on average than their male counterparts - and nearly £200 a year worse off than women who retired in 2016. Women retiring this year can expect an average annual income of £14,300 but, while that is the second highest amount on record, it is down from last year's figure of £14,500. Despite the drop, the survey found women feeling slightly more confident about their finances, with half (50%) saying they were financially well-prepared for retirement, compared with 48% in 2016. M...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Retirement

Partner Insight: The psychology of retirement

Partner Insight: The psychology of retirement

Bridging the advisers-clients gap: How emotional intelligence can help build deeper trust with clients and better understand their financial goals

James Woodfall, Raise Your El.
clock 15 September 2025 • 1 min read
Managing drawdown risk: A new frontier in retirement planning

Managing drawdown risk: A new frontier in retirement planning

'Volatility alone is no longer a sufficient risk measure'

Matthew Wright
clock 29 August 2025 • 4 min read
Sounding the alarm: Facing the retirement reality check

Sounding the alarm: Facing the retirement reality check

'At the heart of the issue is a worrying lack of engagement'

Laith Khalaf
clock 17 June 2025 • 3 min read