Which? state pension research potentially misleading - Steve Webb

New system to equalise inequality

Hannah Godfrey
clock • 2 min read

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 t...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Retirement

Sounding the alarm: Facing the retirement reality check

Sounding the alarm: Facing the retirement reality check

'At the heart of the issue is a worrying lack of engagement'

Laith Khalaf
clock 17 June 2025 • 3 min read
Why we plan holidays, not retirements: Changing the client conversation

Why we plan holidays, not retirements: Changing the client conversation

'This is scary for us as an industry but even more scary for us as a nation'

Verona Kenny
clock 04 June 2025 • 4 min read
Inflation drives 'modest' rises in PLSA's Retirement Living Standards

Inflation drives 'modest' rises in PLSA's Retirement Living Standards

Majority of pre-retirees expect to live with someone else in retirement

Martin Richmond
clock 03 June 2025 • 8 min read