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...

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 Pensions

Triple lock played 'important role' but it would 'always need to end'

Triple lock played 'important role' but it would 'always need to end'

Pensions industry reacts to triple lock change

Holly Roach
clock 30 September 2026 • 4 min read
Triple lock changes welcome but 'cannot solve' national care problem

Triple lock changes welcome but 'cannot solve' national care problem

‘The sooner the government comes clean on these plans the better’

Sophia Panayi
clock 30 September 2026 • 6 min read
'The interesting thing about Burnham's triple-lock plan isn't the triple lock'

'The interesting thing about Burnham's triple-lock plan isn't the triple lock'

'Look past the mechanism and something more interesting is happening'

Tony Müdd
clock 30 September 2026 • 5 min read