Gender retirement income gap widens by £1,000

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...