According to Scottish Widows, the UK is at least 20 years away from closing the gender pensions gap unless decisive action is taken.
With women on track to retire with pension savings around £100,000 less than men, the issue is structural, persistent and increasingly urgent.
As the gender pension gap widens, Jerome Smail explores the structural and workplace barriers behind women’s lower retirement savings – and how employers can help close the divide. You can read Smail's full article here: https://benefits-expert.com/hiding-in-plain-sight-the-gender-pension-and-wealth-gap-and-what-you-can-do-about-it/
Our own John Mullally, group risk and healthcare consultant, explains: “We’re at risk of creating two tiers of pensioners – those with adequate private pensions who can use the state pension as a top-up, and those who rely almost entirely on the state and may need to work longer just to get by.”
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