Gender pension gap narrows but pay gap hits women's savings - Scottish Widows

The insurer's Women and Retirement Report revealed the gender pension gap has reached its narrowest level on record, with almost three in five (59%) women now saving adequately, compared to 60% of men. Despite this, women saving adequately on the median wage are still saving £1,300 a year less than men due to an overall pay gap and part-time working ratio. This means for a woman to save the same amount into her pension as a man, she will need to work an extra 37 years, which would take her over the age of 100 if retiring at state pension age, a number that Scottish Widows suggests is ...