Gender plays a critical role in pension savings

New data shows that the UK has a 31 per cent pension gender gap, with an average female pension pot of just £16,083, compared to the average male pension savings of £23,416.

Analysis of 5,098 individuals who found that the greatest pension gender gap existed in Northern Ireland, with women having average retirement savings of £4,031, compared to men’s average pension pot of £16,485.

In comparison, Greater London has a pension gender gap of just 27 percent, with women able to save an average pension of £19,415, compared to the average male pension pot of £26,538.

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Posted in ARA News.