Women's pensions: Why the gender savings gap opens at age 28

Women in their late 50s hold 48% less in their pension than men

clock • 3 min read

Rachel Vahey looks at the gender pensions gap and explores when it opens and what causes it...

It's a truth universally acknowledged that women are falling behind when it comes to retirement saving. But the reasons why are often overlooked. We all have a sense of the scale of the problem. After all we have read the screaming gender pensions gap headlines time after time. Government figures estimate that women in their late 50s hold 48% less in their pension than men. But to tackle the problem properly, we need to understand when the gap opens up and what causes it. AJ Bell's analysis of customer data shows pension contributions from men and women stay broadly similar until arou...

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