New mothers should be given a £2,000 pension top-up to address the gender gap as part of reforms to workplace pensions, according to Which?
Its analysis - as part of a joint report with the Pensions Policy Institute unveiled today (3 June) - found that women who take time off to care for a child could save £15,000 less towards retirement compared to the average full-time working woman. The research found the average working woman who took time off for childcare duties might save £68,000 towards retirement compared to £83,000 for the equivalent female worker who takes no time off. Which? also found the average male worker might save £114,000 during their career - around a quarter more than their female counterparts. This ...
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