Single women's pension income now 40% lower than men

The firm's research findings revealed that while single male pensioners received an average annual income of £780 from their personal pensions, single women had an average income of just £312. The study was conducted among single male and female pensioners for the year end to 31 March 2022. Whilst Bowmore said that that both men and women suffer from pension poverty in their old age, it noted women generally have far lower personal pensions savings. To account for lower average incomes, women may need to contribute a greater proportion of their salary to pension payments. The to...