Women at Greater Risk of Pension Poverty

FUTURE PROOF: Thanks to the disparity between male and female wages women are at greater risk of being ill prepared for retirement, a new report reveals

Emma Wall 20 November, 2014 | 4:33PM
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Women are failing to adequately prepare for retirement, Scottish Widows Women and Retirement Report has revealed.

As well as saving 40% less a month for retirement than their male counterparts, the greater problem is an awareness gap – with less than one in six women confident in their pension plan.

The savings disparity is significantly influenced by the gap between male and female wages. Historical inequality and more flexible working hours following childbirth mean that women simply have a smaller pot of cash every month from which to make pension contributions.

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About Author

Emma Wall  is former Senior International Editor for Morningstar

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