Which? research suggesting men receive a better state pension deal than women over a 20-year retirement under the old system could see the wrong conclusion drawn, says former pensions minister Steve Webb.
The consumer group analysed the latest Department for Work and Pensions (DWP) data and found the average man receives £153.86 a week in state pension payments compared with the average women, who receives £125.98. This difference leaves men some £29,000 better off over the course of a 20-year retirement. The research also suggested the situation had improved slightly. In August 2017, the average payment received by women represented 81.9% of that received by men - up from 79.7% in August 2015 and 77.7% in August 2013. A DWP spokesperson told Which? the new state pension was reducing the...
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