Pensions gender gap: A low-profile injustice that deserves more attention

'Pensions are one of the few financial products where time is the single biggest driver of outcome'

clock • 4 min read

Britain's new prime minister Andy Burnham and chancellor John Healey have a pension problem they can’t afford to ignore, says Jessica Cook

John Healey has barely settled into his new role as Chancellor of the Exchequer, and already his in-tray at Number 11 is overflowing. Growth is sluggish, living costs remain painfully high, and he will be under pressure from every direction to find quick wins. But beneath the more headline-grabbing demands, there is a lower profile injustice that deserves more attention than it has received so far: the gap between what women and men have saved for retirement. According to the Department for Work and Pensions, women approaching retirement have pension pots roughly 35% smaller than mens...

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