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

Versus one in seven men

Victoria McKeever
clock
Kate Smith: "The widening pensions saving gap between men and women shouldn’t be ignored and the sooner that women are able to engage with pension saving, the better."
Image:

Kate Smith: "The widening pensions saving gap between men and women shouldn’t be ignored and the sooner that women are able to engage with pension saving, the better."

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...

To continue reading this article...

Join Professional Adviser

 

  • 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.
  • Tap into our community intellignece through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Chancellor Rishi Sunak. Photo: UK Parliament CC BY 3.0

Government confirms plans to review DC charge cap

Consultation will aim to unlock investment while protecting savers

Jonathan Stapleton
clock 27 October 2021 • 3 min read
Frank Field became a Lord in 2020.

Former Work and Pensions Committee chair Lord Frank Field is dying, peer reveals

Became Lord in 2020

Tom Ellis
clock 22 October 2021 • 2 min read
Andrew Megson: "From the FCA introducing the investment pathways to promote generic guidance as opposed to improving access to independent financial advice, to the temporary pausing of the state pension triple lock, savers would be forgiven for feeling uncertain about their future."

Andrew Megson: Autumn Budget 2021 pension planning predictions

What planners should look out for

Andrew Megson
clock 22 October 2021 • 4 min read