Retirement: How can women reduce the gender income gap?

iStock_000002566191XSmallIt’s commonly known that women are generally paid less than men during their working life, but fewer people are aware that the gender income gap continues into retirement. A recent survey by Prudential has shown that women retiring in 2012 will receive, on average, £6,500 less each and every year, than men. To compound the problem, incomes for women retiring in 2012 were at their lowest levels since 2008, whilst retirement incomes for men actually rose. Part of the problem of course, is ...

Retirement: New report highlights the retirement savings gender gap

A new survey has shed fresh light on the extent to which people, especially women, rely on joint savings to help fund retirement. The Scottish Widows report, which is based on a survey of over 5,000 adults in the UK, found that less than 20% of women have enough savings to see them through retirement. This compares to a third of men, who say that independently of their partner, they have sufficient financial resources to fund retirement. Retiring soon? Our advisers ...