'Shocking surge' in retirement income revealed by Royal London analysis

According to the mutual insurer, in 2006/07, the average retired single woman had a gross income of £294 a week and her male counterpart on £325 - a gap of £31 a week. By 2016/17, however, the gap had nearly trebled to £85, with the average woman now on £316 a week and the average man on £401. Women's incomes have risen by 7% in real terms over the period compared with an increase of 23% for men, Webb added. The data comes from the ‘Pensioner Income series', published annually by DWP, which offers a breakdown of pensioner incomes over the last two decades and includes separate figures fo...