Johanna Nelson: Five ways to help employers close the pension gender gap

Different audiences, different messages

clock • 4 min read

On International Women's Day, Johanna Nelson outlines five practical ways employers can help female staff save more, build their pension pots and achieve greater financial wellbeing

According to research by trade union Prospect, women retiring in 2016/17 had 40% less money in their pension pot than men. Thanks to auto enrolment, government data suggests, the same proportion of men and women now contribute to a pension - however, according to Scottish Widows, women in their 20s are still saving less than their male peers. Last year's Financial Power of Women report from Fidelity International meanwhile highlighted the average pension pot for a man aged between 25 and 34 saving in line with the government's auto-enrolment contributions would be worth £142,836 at the S...

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