'Decisive' action needed to tackle £100,000 gender pensions gap

The provider's latest Women and Retirement Report has been tracking women's retirement savings for two decades and in that time, progress has been made in closing the gender pension gap, which is the difference in pension savings between men and women at retirement age. However, based on the current trajectory it will take another 20 years to close the gap. As it stands, the current average gap in pension savings at retirement shows women trailing men by about £100,000. The gender pensions gap has reduced by a third since 2008, the report found. However, while the gap has fallen from ...