Just 4% of women hit £300,000 retirement savings milestone - Aegon

Versus one in seven men

Victoria McKeever
clock • 2 min read

Just 4% of women have more than £300,000 in pension savings - the amount someone on average earnings would need maintain their current lifestyle in retirement - research from Aegon has found.

One in seven (15%) men, meanwhile, said they had saved more than £300,000. Aegon's research suggested women were more likely to bury their head in the sand when it came to knowing how much they held in a pension. It found a third (31%) of women did not know how much they had saved for retirement, compared to a fifth (21%) of men. Indeed, women were more likely than men to have no pension arrangements in place at all, with one in seven (15%) failing to pay into a pension plan of any kind versus one in nine (11%) men. When it came to being optimistic about having enough money to r...

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