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....