Auto-enrolment exclusions fuel pension gender gap - Aegon

Failure to engage

Jenna Brown
clock • 1 min read

Auto-enrolment exemptions and low engagement are helping maintain the pension gender gap, according to Aegon.

Research from the provider found more than a third of women do not know how much they have saved in a pension - double the number of men. It also found 13% of women have no pension arrangements at all. This compared to 8% of men.  Aegon head of pensions Kate Smith blamed auto-enrolment criteria which exclude the lowest-paid - many of whom are women. She also said continued low engagement was a factor in the figures. She said it was "hugely disappointing" that increased engagement had not happened despite increased coverage of the pensions gender gap. Smith said: "Knowledge is ke...

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