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...
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