'A challenge that must be faced': Closing the gender pension gap

The Department for Work and Pensions (DWP) released its latest official statistics on the gender pension gap (GPG) last month, which made for uncomfortable reading. The DWP define the GPG as ‘the percentage difference between female and male uncrystallised median private pension wealth around normal minimum pension age (55-59)'. Based on the most recent data provided (2020-2022), the DWP found that the difference between the median uncrystallized wealth for 55–59-year-olds was £75,000, or 47%. Men average £156,000, vs just £81,000 for women. This is an increase from the 35% GPG record...