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LONDON DAILY ARCHIVE

Women's Private Pensions in Great Britain Fall Behind Men's by 35% Average by Age 55, Study Finds

Women's private pensions in Great Britain are worth 35% less than men's on average by the time they reach 55, according to a government study.

05 June 2023 · 16:12 UTC

The gap is widest for those aged 45-49.

Lower earnings, time off for childcare, and more part-time work are factors.

In 2021, women's private pensions received £52bn compared to men's £62.6bn, a gap of 17%.

The government has announced reforms to help women keep contributing to their pensions.

The gap is expected to persist.