Women’s pensions show £6,500 gender gap

Pension incomes for women are still much lower than anticipated retirement incomes for men. Women's pensions are lagging behind men's pensions. Women retiring this year will receive a pension that is £6,500 lower than men, a Prudential survey has shown. The financial services group found that women can expect an annual income of £12,900 where as men can expect to receive £19,400 in its Class of 2011 research - this equates to a 50% difference. However, the retirement income gender gap has shrunk since last year when Prudential’s study showed a £7,400 discrepancy between male and female incomes. Vince Smith-Hughes, Head of Business Development at Prudential said: ...