Women in drawdown face £47,000 shortfall in retirement - Zurich

The report, Drawdown: Is it working for consumers? found men in drawdown have an average pot of £212,000, which at a 3% yield secures an annual income of £6,360. Women, however, have an average pension pot of £132,000, equating to an income of just £3,990. This means women have £2,370 less per year and would need to find riskier investments yielding 5% to match the retirement income of their male counterparts. Women also have a longer life expectancy than men, meaning they need to stretch out their savings for a longer period of time. A woman retiring at 65 can expect to receive an in...