Over 50% of women haven’t started saving for retirement

Over 50% of women haven't started saving for retirement56% of woman haven’t started saving for the future, research conducted by YouGov has recently shown.  The study, commissioned by Scalable Capital as part of their Women’s Initiative, also suggested that 44% of men and women in the UK are concerned about not having enough money for a comfortable retirement. Are women the only ones who aren’t saving? Whilst the survey was intended to research the ways in which British and German women are, or are not saving for their retirement, it also gave an ...

Retirement: Women £6,500 worse off than men each year

PrudentialA new report has shown how the gender pay gap extends into retirement, with women enjoying considerably lower incomes than men. The research, carried out by Prudential, found that women are on average £6,500 per year worse off than men. To compound the problem the Prudential also found that women retiring in 2013 will have the lowest income since 2008. The Prudential survey, which is produced annually, found that women have average incomes of £11,750 per year, made up from a combination of ...

Pensions: Women saving less than men

New research has shown that women are saving less than men for their retirement. The study by the Halifax found that over the past year the gap between what men and women save for retirement has widened. The amount men save for when they finish work has actually risen during the last 12 months to 10.2% of their income, up from 9.7%. At the same time the percentage of their wages which women save has fallen from 8.8% to 7.5%. According to the Halifax 49% of men are making adequate provision for retirement, compared to 42% of women....

Retirement: Gap between pensions for men and women narrows

New research by Prudential has shown that the gap between men and women’s retirement income is narrowing. However this is not because retirement incomes for women are rising, but because they are falling for men. The research showed that the average retirement income, from all sources of pension, is £15,500 per year; this figure has fallen by £1,100 over the past year alone and is now at a five year low. Pension gender gap Perhaps unsurprisingly men have a higher average pension income than women....