£100,000 pensions gap for women in part-time work

Now Pensions' Facing an unequal future - closing the gender pensions gap report - which includes the PPI's research - revealed women who balance part-time work with caring responsibilities are facing a 47% reduction in their pension pots compared to men by their late 50s. The research shows that, by their 60s, women typically have £51,100 in their retirement pots while men have three times this with savings typically sitting at £156,500. The report reveals for women to accrue the same amount as men, they would need to save 5%-7% more by retirement age. This "part-time pensions pena...